Booz Allen Hamilton Holding Corporation (NYSE:BAH) Announces Earnings Results

Booz Allen Hamilton Holding Corporation (NYSE:BAH) released 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, Bloomberg Earnings reports. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.52 billion. Booz Allen Hamilton Holding Corporation had a return on equity of 48.35% and a net margin of 4.50%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. Booz Allen Hamilton Holding Corporation updated its FY18 guidance to $1.83-1.93 EPS.

Shares of Booz Allen Hamilton Holding Corporation (NYSE BAH) opened at 33.68 on Friday. The stock’s 50 day moving average price is $33.58 and its 200-day moving average price is $35.30. Booz Allen Hamilton Holding Corporation has a 12 month low of $29.55 and a 12 month high of $39.67. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 19.32 and a beta of 1.31.

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

Several research analysts have recently commented on BAH shares. Barclays PLC lowered Booz Allen Hamilton Holding Corporation from an “overweight” rating to an “equal weight” rating and set a $38.00 target price for the company. in a research report on Monday, May 1st. Zacks Investment Research lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Bank of America Corporation lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, June 16th. Cowen and Company restated a “buy” rating and set a $41.00 price objective (down previously from $46.00) on shares of Booz Allen Hamilton Holding Corporation in a research report on Monday, June 26th. Finally, Drexel Hamilton lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.67 to $27.47 in a research report on Friday, June 16th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.35.

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In other news, Director Peter J. Clare acquired 10,000 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Joseph W. Mahaffee sold 120,000 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $38.25, for a total transaction of $4,590,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,140 shares of company stock valued at $10,449,801. Company insiders own 3.04% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Colony Group LLC increased its position in shares of Booz Allen Hamilton Holding Corporation by 2.3% in the second quarter. Colony Group LLC now owns 68,566 shares of the business services provider’s stock valued at $2,231,000 after buying an additional 1,524 shares during the period. Koch Industries Inc. bought a new position in shares of Booz Allen Hamilton Holding Corporation during the second quarter valued at about $234,000. Nomura Holdings Inc. acquired a new stake in shares of Booz Allen Hamilton Holding Corporation during the second quarter valued at $398,000. California State Teachers Retirement System boosted its stake in shares of Booz Allen Hamilton Holding Corporation by 15.6% in the second quarter. California State Teachers Retirement System now owns 261,393 shares of the business services provider’s stock valued at $8,506,000 after buying an additional 35,274 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Booz Allen Hamilton Holding Corporation by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,217 shares of the business services provider’s stock valued at $593,000 after buying an additional 49 shares in the last quarter. 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 for Booz Allen Hamilton Holding Corporation (NYSE:BAH)

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