Booz Allen Hamilton Holding Corporation to Issue Quarterly Dividend of $0.59 (NYSE:BAH)

Booz Allen Hamilton Holding Corporation (NYSE:BAH) declared a quarterly dividend on Friday, May 22nd. Investors of record on Wednesday, June 10th will be paid a dividend of 0.59 per share by the business services provider on Friday, June 26th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, June 10th.

Booz Allen Hamilton has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Booz Allen Hamilton has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Booz Allen Hamilton to earn $6.17 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 38.2%.

Booz Allen Hamilton Price Performance

BAH stock traded up $2.35 during trading hours on Friday, hitting $78.70. 1,876,012 shares of the stock traded hands, compared to its average volume of 2,113,285. The stock has a 50-day simple moving average of $78.52 and a 200 day simple moving average of $83.28. Booz Allen Hamilton has a one year low of $68.83 and a one year high of $120.04. The company has a market cap of $9.49 billion, a P/E ratio of 11.69, a P/E/G ratio of 4.47 and a beta of 0.32. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.76.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.46. Booz Allen Hamilton had a return on equity of 76.79% and a net margin of 7.35%.The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the business posted $1.61 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Equities analysts forecast that Booz Allen Hamilton will post 6.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. UBS Group reiterated a “neutral” rating and issued a $97.00 price target on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Weiss Ratings lowered Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. William Blair reiterated an “outperform” rating on shares of Booz Allen Hamilton in a research report on Tuesday, March 3rd. DA Davidson set a $81.00 price target on Booz Allen Hamilton in a research report on Tuesday, January 27th. Finally, Jefferies Financial Group set a $85.00 price target on Booz Allen Hamilton in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Booz Allen Hamilton presently has an average rating of “Reduce” and an average price target of $93.33.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.