Booz Allen Hamilton Holding Corporation (NYSE:BAH) – William Blair lowered their Q2 2018 earnings estimates for Booz Allen Hamilton Holding Corporation in a report issued on Monday. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings of $0.46 per share for the quarter, down from their previous estimate of $0.48. William Blair also issued estimates for Booz Allen Hamilton Holding Corporation’s Q4 2018 earnings at $0.47 EPS.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.06. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. Booz Allen Hamilton Holding Corporation had a net margin of 4.35% and a return on equity of 49.46%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. ILLEGAL ACTIVITY NOTICE: “William Blair Brokers Cut Earnings Estimates for Booz Allen Hamilton Holding Corporation (BAH)” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/08/william-blair-brokers-cut-earnings-estimates-for-booz-allen-hamilton-holding-corporation-bah.html.

A number of other brokerages also recently commented on BAH. Jefferies Group LLC downgraded Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a research report on Monday, July 17th. Cowen and Company reissued a “buy” rating and set a $41.00 price objective (down from $46.00) on shares of Booz Allen Hamilton Holding Corporation in a research report on Monday, June 26th. Wells Fargo & Company reissued an “outperform” rating and set a $40.00 price objective (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a research report on Friday, June 16th. Barclays PLC downgraded Booz Allen Hamilton Holding Corporation from an “overweight” rating to an “equal weight” rating and set a $38.00 price objective for the company. in a research report on Monday, May 1st. Finally, Bank of America Corporation downgraded Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, June 16th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Booz Allen Hamilton Holding Corporation has an average rating of “Hold” and a consensus target price of $37.35.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) traded up 2.591% during mid-day trading on Tuesday, hitting $34.255. 310,460 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $33.74 and its 200-day moving average price is $35.49. Booz Allen Hamilton Holding Corporation has a one year low of $29.55 and a one year high of $39.68. The stock has a market cap of $5.07 billion, a PE ratio of 20.574 and a beta of 1.31.

A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Booz Allen Hamilton Holding Corporation during the first quarter worth about $102,000. Nomura Asset Management Co. Ltd. increased its position in shares of Booz Allen Hamilton Holding Corporation by 7.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,470 shares of the business services provider’s stock worth $123,000 after buying an additional 250 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Booz Allen Hamilton Holding Corporation by 27.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,602 shares of the business services provider’s stock worth $150,000 after buying an additional 1,001 shares during the period. Parametrica Management Ltd acquired a new position in shares of Booz Allen Hamilton Holding Corporation during the first quarter worth about $234,000. Finally, World Asset Management Inc increased its position in shares of Booz Allen Hamilton Holding Corporation by 7.4% in the second quarter. World Asset Management Inc now owns 7,263 shares of the business services provider’s stock worth $236,000 after buying an additional 498 shares during the period. 95.17% of the stock is owned by hedge funds and other institutional investors.

In related news, CAO Joseph W. Mahaffee sold 120,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $38.25, for a total value of $4,590,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lloyd Howell, Jr. sold 45,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $39.01, for a total value of $1,755,450.00. The disclosure for this sale can be found here. Insiders sold 239,140 shares of company stock valued at $9,225,081 over the last ninety days. 3.04% of the stock is currently owned by corporate insiders.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, August 14th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.04%. This is an increase from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, August 10th. Booz Allen Hamilton Holding Corporation’s dividend payout ratio is 40.72%.

About Booz Allen Hamilton Holding Corporation

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

Earnings History and Estimates for Booz Allen Hamilton Holding Corporation (NYSE:BAH)

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