$1.52 Billion in Sales Expected for Booz Allen Hamilton Holding Co. (BAH) This Quarter
Wall Street brokerages forecast that Booz Allen Hamilton Holding Co. (NYSE:BAH) will announce sales of $1.52 billion for the current quarter, according to Zacks. Six analysts have provided estimates for Booz Allen Hamilton’s earnings. The lowest sales estimate is $1.49 billion and the highest is $1.54 billion. Booz Allen Hamilton reported sales of $1.40 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.6%. The company is scheduled to report its next quarterly earnings report on Monday, January 29th.
On average, analysts expect that Booz Allen Hamilton will report full year sales of $1.52 billion for the current financial year, with estimates ranging from $6.18 billion to $6.25 billion. For the next fiscal year, analysts anticipate that the company will report sales of $6.54 billion per share, with estimates ranging from $6.49 billion to $6.58 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Booz Allen Hamilton.
Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Monday, November 6th. The business services provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Booz Allen Hamilton had a return on equity of 48.30% and a net margin of 4.52%. Booz Allen Hamilton’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share.
Shares of Booz Allen Hamilton (NYSE:BAH) opened at $38.56 on Wednesday. The company has a market capitalization of $5,628.34, a P/E ratio of 20.98, a P/E/G ratio of 2.39 and a beta of 1.28. Booz Allen Hamilton has a 52-week low of $31.06 and a 52-week high of $39.67. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.49 and a quick ratio of 1.49.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th were issued a $0.17 dividend. The ex-dividend date was Monday, November 13th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.13. This represents a $0.68 dividend on an annualized basis and a yield of 1.76%. Booz Allen Hamilton’s payout ratio is presently 37.57%.
In other Booz Allen Hamilton news, insider Horacio Rozanski sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $36.01, for a total value of $1,080,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Karen M. Dahut sold 46,406 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total value of $1,764,356.12. The disclosure for this sale can be found here. Insiders sold 104,406 shares of company stock valued at $3,871,976 over the last three months. 3.04% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in BAH. Public Employees Retirement Association of Colorado raised its stake in shares of Booz Allen Hamilton by 27.8% during the 2nd 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. Great West Life Assurance Co. Can raised its stake in shares of Booz Allen Hamilton by 6.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 21,547 shares of the business services provider’s stock worth $700,000 after buying an additional 1,335 shares during the period. World Asset Management Inc raised its stake in shares of Booz Allen Hamilton by 7.4% during the 2nd 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. ARP Americas LLC acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $325,000. Finally, TD Asset Management Inc. raised its stake in shares of Booz Allen Hamilton by 52.6% during the 2nd quarter. TD Asset Management Inc. now owns 41,800 shares of the business services provider’s stock worth $1,360,000 after buying an additional 14,400 shares during the period. 92.60% of the stock is owned by institutional investors and hedge funds.
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About Booz Allen Hamilton
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.
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