Zacks: Analysts Expect Booz Allen Hamilton Holding Co. (BAH) Will Announce Quarterly Sales of $1.60 Billion

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Brokerages expect Booz Allen Hamilton Holding Co. (NYSE:BAH) to post sales of $1.60 billion for the current quarter, Zacks reports. Six analysts have made estimates for Booz Allen Hamilton’s earnings, with the highest sales estimate coming in at $1.66 billion and the lowest estimate coming in at $1.58 billion. Booz Allen Hamilton reported sales of $1.50 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The business is expected to announce its next quarterly earnings results on Monday, February 4th.

According to Zacks, analysts expect that Booz Allen Hamilton will report full year sales of $6.53 billion for the current financial year, with estimates ranging from $6.20 billion to $6.65 billion. For the next year, analysts anticipate that the firm will post sales of $7.01 billion, with estimates ranging from $6.68 billion to $7.18 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Booz Allen Hamilton.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Monday, October 29th. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Booz Allen Hamilton had a net margin of 5.50% and a return on equity of 58.75%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS.

BAH has been the subject of several research analyst reports. Zacks Investment Research raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Monday, July 16th. Cowen reaffirmed a “buy” rating and issued a $54.00 target price on shares of Booz Allen Hamilton in a research report on Monday, October 29th. Drexel Hamilton reaffirmed a “hold” rating on shares of Booz Allen Hamilton in a research report on Monday, October 29th. Citigroup raised their target price on shares of Booz Allen Hamilton from $46.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 30th. Finally, Raymond James raised their target price on shares of Booz Allen Hamilton from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Booz Allen Hamilton presently has an average rating of “Buy” and a consensus price target of $53.22.

BAH traded up $1.80 during trading on Friday, hitting $50.80. 72,334 shares of the stock traded hands, compared to its average volume of 1,125,408. The stock has a market capitalization of $6.80 billion, a P/E ratio of 25.25, a PEG ratio of 1.33 and a beta of 1.09. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.67. Booz Allen Hamilton has a 12-month low of $35.21 and a 12-month high of $52.56.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, November 14th will be given a $0.19 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. Booz Allen Hamilton’s dividend payout ratio is 37.81%.

In related news, Director Gretchen W. Mcclain sold 7,000 shares of the stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $50.14, for a total value of $350,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kristine Anderson sold 20,000 shares of the stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $51.54, for a total transaction of $1,030,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,985 shares of company stock valued at $3,012,890. Corporate insiders own 3.56% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Booz Allen Hamilton by 541.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,885,425 shares of the business services provider’s stock worth $93,574,000 after acquiring an additional 1,591,484 shares in the last quarter. Opus Capital Group LLC increased its stake in shares of Booz Allen Hamilton by 95.1% in the 3rd quarter. Opus Capital Group LLC now owns 13,367 shares of the business services provider’s stock worth $663,000 after acquiring an additional 6,517 shares in the last quarter. Dupont Capital Management Corp increased its stake in shares of Booz Allen Hamilton by 1.8% in the 3rd quarter. Dupont Capital Management Corp now owns 72,620 shares of the business services provider’s stock worth $3,604,000 after acquiring an additional 1,317 shares in the last quarter. Brookstone Capital Management increased its stake in shares of Booz Allen Hamilton by 16.2% in the 3rd quarter. Brookstone Capital Management now owns 13,721 shares of the business services provider’s stock worth $681,000 after acquiring an additional 1,911 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Booz Allen Hamilton by 47.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 50,172 shares of the business services provider’s stock worth $2,490,000 after acquiring an additional 16,258 shares in the last quarter. Institutional investors own 94.00% of the company’s stock.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, 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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