Brokerages Expect Booz Allen Hamilton Holding Co. (NYSE:BAH) Will Post Quarterly Sales of $2.02 Billion

Equities research analysts expect Booz Allen Hamilton Holding Co. (NYSE:BAH) to announce $2.02 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Booz Allen Hamilton’s earnings, with estimates ranging from $1.99 billion to $2.07 billion. Booz Allen Hamilton reported sales of $1.96 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.1%. The firm is scheduled to announce its next quarterly earnings results on Friday, July 30th.

According to Zacks, analysts expect that Booz Allen Hamilton will report full-year sales of $8.51 billion for the current financial year, with estimates ranging from $8.38 billion to $8.58 billion. For the next fiscal year, analysts forecast that the business will post sales of $9.02 billion, with estimates ranging from $8.84 billion to $9.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Booz Allen Hamilton.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Thursday, May 20th. The business services provider reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Booz Allen Hamilton had a return on equity of 54.17% and a net margin of 7.75%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS.

A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price target on Booz Allen Hamilton from $90.00 to $94.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays raised their price target on Booz Allen Hamilton from $78.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 12th. Zacks Investment Research upgraded Booz Allen Hamilton from a “sell” rating to a “hold” rating and set a $90.00 price target on the stock in a research note on Tuesday, May 25th. Finally, Wells Fargo & Company assumed coverage on Booz Allen Hamilton in a research note on Tuesday, May 18th. They issued an “overweight” rating and a $96.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $89.57.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAH. Black Creek Investment Management Inc. lifted its position in Booz Allen Hamilton by 74.8% during the first quarter. Black Creek Investment Management Inc. now owns 5,173,931 shares of the business services provider’s stock valued at $416,657,000 after purchasing an additional 2,213,285 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Booz Allen Hamilton by 14.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,222,125 shares of the business services provider’s stock valued at $1,327,065,000 after acquiring an additional 1,921,940 shares in the last quarter. Norges Bank purchased a new position in shares of Booz Allen Hamilton in the fourth quarter valued at about $118,101,000. Teacher Retirement System of Texas lifted its position in shares of Booz Allen Hamilton by 545.5% in the first quarter. Teacher Retirement System of Texas now owns 1,057,613 shares of the business services provider’s stock valued at $85,170,000 after acquiring an additional 893,763 shares in the last quarter. Finally, Eaton Vance Management lifted its position in shares of Booz Allen Hamilton by 258.7% in the first quarter. Eaton Vance Management now owns 620,353 shares of the business services provider’s stock valued at $49,957,000 after acquiring an additional 447,419 shares in the last quarter. Institutional investors own 87.32% of the company’s stock.

Booz Allen Hamilton stock opened at $88.21 on Friday. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. Booz Allen Hamilton has a 12 month low of $70.11 and a 12 month high of $100.26. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 2.13. The business has a fifty day simple moving average of $83.83.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, June 14th. This represents a $1.48 annualized dividend and a yield of 1.68%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.95%.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

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

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