William Blair Research Analysts Increase Earnings Estimates for Booz Allen Hamilton Holding Co. (BAH)
Booz Allen Hamilton Holding Co. (NYSE:BAH) – Analysts at William Blair lifted their Q2 2019 earnings estimates for shares of Booz Allen Hamilton in a research report issued on Monday. William Blair analyst T. Mchugh now expects that the business services provider will post earnings of $0.57 per share for the quarter, up from their prior forecast of $0.48. William Blair also issued estimates for Booz Allen Hamilton’s FY2019 earnings at $2.33 EPS.
A number of other equities analysts also recently issued reports on BAH. Zacks Investment Research downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Group raised Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Cowen reissued a “buy” rating and set a $50.00 target price on shares of Booz Allen Hamilton in a research note on Monday. Wells Fargo & Co increased their target price on Booz Allen Hamilton from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, January 9th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $41.32.
Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Monday, February 5th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Booz Allen Hamilton had a return on equity of 50.81% and a net margin of 4.68%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm earned $0.38 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAH. Advisor Group Inc. increased its stake in Booz Allen Hamilton by 13.1% in the 2nd quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 405 shares in the last quarter. Cerebellum GP LLC purchased a new position in Booz Allen Hamilton in the 4th quarter valued at approximately $126,000. The Manufacturers Life Insurance Company increased its stake in Booz Allen Hamilton by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 347 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Booz Allen Hamilton in the 2nd quarter valued at approximately $206,000. Finally, Camelot Portfolios LLC purchased a new position in Booz Allen Hamilton in the 4th quarter valued at approximately $220,000. 92.70% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Lloyd Howell, Jr. sold 11,745 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $39.50, for a total value of $463,927.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan L. Penfield sold 30,022 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $38.31, for a total value of $1,150,142.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,135 shares of company stock valued at $7,226,660. Company insiders own 3.04% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, February 13th. Booz Allen Hamilton’s dividend payout ratio is 35.60%.
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Booz Allen Hamilton 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.
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