Equities analysts forecast that Booz Allen Hamilton Holding Co. (NYSE:BAH) will announce sales of $1.78 billion for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Booz Allen Hamilton’s earnings. The highest sales estimate is $1.86 billion and the lowest is $1.71 billion. Booz Allen Hamilton reported sales of $1.65 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The company is expected to announce its next earnings results before the market opens on Monday, July 29th.
According to Zacks, analysts expect that Booz Allen Hamilton will report full year sales of $7.23 billion for the current fiscal year, with estimates ranging from $7.21 billion to $7.26 billion. For the next fiscal year, analysts forecast that the business will report sales of $7.74 billion, with estimates ranging from $7.60 billion to $7.82 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Booz Allen Hamilton.
Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Tuesday, May 28th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. Booz Allen Hamilton had a return on equity of 60.67% and a net margin of 6.24%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $0.51 EPS. The company’s revenue was up 9.1% compared to the same quarter last year.
In related news, insider Horacio Rozanski sold 31,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $68.77, for a total transaction of $2,131,870.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Laura S. Adams sold 780 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $65.63, for a total value of $51,191.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,059 shares of company stock valued at $7,173,867. 2.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC purchased a new stake in Booz Allen Hamilton in the fourth quarter worth approximately $269,000. Raymond James & Associates boosted its holdings in Booz Allen Hamilton by 12.1% in the 4th quarter. Raymond James & Associates now owns 68,614 shares of the business services provider’s stock valued at $3,092,000 after purchasing an additional 7,426 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Booz Allen Hamilton by 13.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 17,594 shares of the business services provider’s stock valued at $793,000 after purchasing an additional 2,027 shares in the last quarter. Advisor Group Inc. boosted its holdings in Booz Allen Hamilton by 22.0% in the 4th quarter. Advisor Group Inc. now owns 6,155 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Booz Allen Hamilton by 2.8% in the 4th quarter. Great West Life Assurance Co. Can now owns 21,872 shares of the business services provider’s stock valued at $950,000 after purchasing an additional 599 shares in the last quarter. 94.51% of the stock is owned by institutional investors and hedge funds.
Shares of Booz Allen Hamilton stock traded down $0.74 on Friday, reaching $66.64. The company had a trading volume of 862,176 shares, compared to its average volume of 890,840. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 2.52. The firm’s 50-day simple moving average is $66.27. Booz Allen Hamilton has a 1 year low of $43.24 and a 1 year high of $69.00.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, June 13th. Booz Allen Hamilton’s payout ratio is currently 33.33%.
About Booz Allen Hamilton
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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