Booz Allen Hamilton Holding Corporation (BAH) Issues FY18 Earnings Guidance

Booz Allen Hamilton Holding Corporation (NYSE:BAH) updated its FY18 earnings guidance on Monday. The company provided earnings per share guidance of $1.83-1.93 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.88. The company issued revenue guidance of +4-7% to ~$6.036-6.210 billion, compared to the consensus revenue estimate of $6.17 billion.

Several research firms have weighed in on BAH. Wells Fargo & Company restated an outperform rating and set a $40.00 target price (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a report on Friday, June 16th. Bank of America Corporation cut shares of Booz Allen Hamilton Holding Corporation from a buy rating to a neutral rating in a research note on Friday, June 16th. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Booz Allen Hamilton Holding Corporation in a research note on Friday, June 16th. Drexel Hamilton cut shares of Booz Allen Hamilton Holding Corporation from a buy rating to a hold rating and decreased their price target for the stock from $39.67 to $27.47 in a research note on Friday, June 16th. Finally, Vertical Research cut shares of Booz Allen Hamilton Holding Corporation from a buy rating to a hold rating and decreased their target price for the stock from $42.00 to $36.00 in a research report on Friday, June 16th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Booz Allen Hamilton Holding Corporation currently has an average rating of Hold and a consensus target price of $37.35.

Booz Allen Hamilton Holding Corporation (BAH) traded up 0.51% during mid-day trading on Friday, hitting $33.68. 861,694 shares of the stock were exchanged. Booz Allen Hamilton Holding Corporation has a 52 week low of $29.55 and a 52 week high of $39.67. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 19.32 and a beta of 1.31. The company has a 50 day moving average price of $33.58 and a 200 day moving average price of $35.30.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.06. Booz Allen Hamilton Holding Corporation had a return on equity of 48.35% and a net margin of 4.50%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the business earned $0.46 earnings per share. Booz Allen Hamilton Holding Corporation’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts expect that Booz Allen Hamilton Holding Corporation will post $1.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, August 14th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.02%. This is a boost from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, August 10th. Booz Allen Hamilton Holding Corporation’s dividend payout ratio is currently 38.86%.

In other news, Director Peter J. Clare bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost of $32.30 per share, for a total transaction of $323,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Joseph W. Mahaffee sold 120,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $38.25, for a total value of $4,590,000.00. The disclosure for this sale can be found here. Insiders sold 275,140 shares of company stock valued at $10,449,801 over the last three months. 3.04% of the stock is owned by company insiders.

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An institutional investor recently raised its position in Booz Allen Hamilton Holding Corporation stock. The Manufacturers Life Insurance Company increased its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,603 shares of the business services provider’s stock after buying an additional 347 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Booz Allen Hamilton Holding Corporation were worth $150,000 at the end of the most recent reporting period. Institutional investors own 90.88% of the company’s stock.

Booz Allen Hamilton Holding Corporation 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 Holding Corporation (NYSE:BAH)

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