Booz Allen Hamilton Holding Co. (NYSE:BAH) – Equities researchers at William Blair upped their Q2 2019 EPS estimates for shares of Booz Allen Hamilton in a note issued to investors on Monday. William Blair analyst T. Mchugh now expects that the business services provider will post earnings per share of $0.57 for the quarter, up from their prior forecast of $0.48. William Blair also issued estimates for Booz Allen Hamilton’s FY2019 earnings at $2.33 EPS.
Other research analysts have also issued research reports about the company. Cowen restated a “buy” rating and issued a $50.00 price objective on shares of Booz Allen Hamilton in a report on Monday. Stifel Nicolaus initiated coverage on Booz Allen Hamilton in a research report on Tuesday, November 21st. They set a “buy” rating and a $46.00 price objective for the company. SunTrust Banks initiated coverage on Booz Allen Hamilton in a research report on Friday, December 1st. They set a “buy” rating and a $47.00 price objective for the company. Wells Fargo & Co boosted their price objective on Booz Allen Hamilton from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, Jefferies Group raised Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $41.32.
Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Monday, February 5th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Booz Allen Hamilton had a net margin of 4.68% and a return on equity of 50.69%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.03%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.17. Booz Allen Hamilton’s dividend payout ratio is 35.42%.
In related news, insider Karen M. Dahut sold 46,406 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $40.03, for a total transaction of $1,857,632.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Lloyd Howell, Jr. sold 22,624 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $40.25, for a total value of $910,616.00. The disclosure for this sale can be found here. In the last three months, insiders sold 182,135 shares of company stock worth $7,226,660. 3.04% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of BAH. Swiss National Bank grew its stake in shares of Booz Allen Hamilton by 1.4% in the 4th quarter. Swiss National Bank now owns 253,157 shares of the business services provider’s stock valued at $9,653,000 after purchasing an additional 3,400 shares during the period. Camelot Portfolios LLC bought a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $220,000. California Public Employees Retirement System grew its stake in shares of Booz Allen Hamilton by 5.2% in the 4th quarter. California Public Employees Retirement System now owns 454,828 shares of the business services provider’s stock valued at $17,343,000 after purchasing an additional 22,288 shares during the period. M&T Bank Corp grew its stake in shares of Booz Allen Hamilton by 27.2% in the 4th quarter. M&T Bank Corp now owns 12,384 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 2,646 shares during the period. Finally, D Orazio & Associates Inc. grew its stake in shares of Booz Allen Hamilton by 18.7% in the 4th quarter. D Orazio & Associates Inc. now owns 977,427 shares of the business services provider’s stock valued at $37,269,000 after purchasing an additional 154,091 shares during the period. 92.70% of the stock is currently 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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