Booz Allen Hamilton Holding Co. (BAH) to Post FY2019 Earnings of $2.40 Per Share, SunTrust Banks Forecasts

Booz Allen Hamilton Holding Co. (NYSE:BAH) – Analysts at SunTrust Banks upped their FY2019 earnings per share (EPS) estimates for shares of Booz Allen Hamilton in a research report issued to clients and investors on Monday. SunTrust Banks analyst T. Sommer now expects that the business services provider will post earnings per share of $2.40 for the year, up from their previous forecast of $2.10. SunTrust Banks currently has a “Buy” rating and a $47.00 price target on the stock. SunTrust Banks also issued estimates for Booz Allen Hamilton’s FY2020 earnings at $2.64 EPS and FY2021 earnings at $2.89 EPS.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday. Cowen reiterated a “buy” rating and set a $50.00 price target on shares of Booz Allen Hamilton in a research note on Monday. Stifel Nicolaus restated a “buy” rating and set a $50.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, January 9th. Jefferies Group upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, ValuEngine downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $41.32.

Booz Allen Hamilton (NYSE BAH) traded down $0.82 during trading hours on Thursday, hitting $36.48. 1,291,432 shares of the stock were exchanged, compared to its average volume of 902,857. Booz Allen Hamilton has a 1 year low of $31.06 and a 1 year high of $40.25. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 3.14. The stock has a market capitalization of $5,212.10, a PE ratio of 19.10, a price-to-earnings-growth ratio of 2.20 and a beta of 1.30.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. Booz Allen Hamilton had a net margin of 4.68% and a return on equity of 50.81%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. Booz Allen Hamilton’s revenue was up 6.8% on a year-over-year basis.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its stake in shares of Booz Allen Hamilton by 7.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,655,953 shares of the business services provider’s stock worth $136,676,000 after buying an additional 250,461 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Booz Allen Hamilton by 120.4% in the 3rd quarter. Citadel Advisors LLC now owns 2,877,330 shares of the business services provider’s stock worth $107,583,000 after buying an additional 1,571,542 shares in the last quarter. State Street Corp grew its stake in shares of Booz Allen Hamilton by 16.9% in the 2nd quarter. State Street Corp now owns 2,089,293 shares of the business services provider’s stock worth $67,989,000 after buying an additional 301,926 shares in the last quarter. Northern Trust Corp grew its stake in shares of Booz Allen Hamilton by 7.3% in the 2nd quarter. Northern Trust Corp now owns 988,856 shares of the business services provider’s stock worth $32,177,000 after buying an additional 67,428 shares in the last quarter. 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 worth $37,269,000 after buying an additional 154,091 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

In other Booz Allen Hamilton news, CEO Horacio Rozanski sold 35,870 shares of Booz Allen Hamilton stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $40.03, for a total value of $1,435,876.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Lloyd Howell, Jr. sold 22,624 shares of Booz Allen Hamilton stock in a transaction on Monday, January 29th. The shares were sold at an average price of $40.25, for a total transaction of $910,616.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,135 shares of company stock worth $7,226,660. 3.04% of the stock is currently owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a $0.19 dividend. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Tuesday, February 13th. Booz Allen Hamilton’s payout ratio is currently 35.60%.

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Booz Allen Hamilton Company Profile

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 (NYSE:BAH)

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