Q2 2019 Earnings Estimate for Booz Allen Hamilton Holding Co. Issued By Jefferies Group (BAH)
Booz Allen Hamilton Holding Co. (NYSE:BAH) – Investment analysts at Jefferies Group upped their Q2 2019 earnings estimates for shares of Booz Allen Hamilton in a research note issued on Monday. Jefferies Group analyst S. Kahyaoglu now anticipates that the business services provider will post earnings of $0.65 per share for the quarter, up from their prior estimate of $0.49. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Booz Allen Hamilton’s Q3 2019 earnings at $0.66 EPS, FY2019 earnings at $2.50 EPS and FY2020 earnings at $2.95 EPS.
Several other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday. Cowen reiterated a “buy” rating and set a $50.00 price objective on shares of Booz Allen Hamilton in a research report on Monday, February 5th. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, January 9th. SunTrust Banks assumed coverage on shares of Booz Allen Hamilton in a research report on Friday, December 1st. They set a “buy” rating and a $47.00 price objective for the company. Finally, ValuEngine lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.32.
Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Monday, February 5th. The business services provider reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Booz Allen Hamilton had a net margin of 4.68% and a return on equity of 50.81%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the business earned $0.38 earnings per share. Booz Allen Hamilton’s quarterly revenue was up 6.8% compared to the same quarter last year.
Several institutional investors have recently added to or reduced their stakes in BAH. Citadel Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 120.4% in the 3rd quarter. Citadel Advisors LLC now owns 2,877,330 shares of the business services provider’s stock worth $107,583,000 after acquiring an additional 1,571,542 shares during the last quarter. First Trust Advisors LP increased its stake in Booz Allen Hamilton by 3,184.4% in the 4th quarter. First Trust Advisors LP now owns 631,557 shares of the business services provider’s stock worth $24,081,000 after buying an additional 612,328 shares during the period. Artemis Investment Management LLP increased its stake in Booz Allen Hamilton by 78.6% in the 3rd quarter. Artemis Investment Management LLP now owns 885,534 shares of the business services provider’s stock worth $33,106,000 after buying an additional 389,614 shares during the period. AXA purchased a new position in Booz Allen Hamilton in the 3rd quarter worth about $13,359,000. Finally, State Street Corp increased its stake in Booz Allen Hamilton by 16.9% in the 2nd quarter. State Street Corp now owns 2,089,293 shares of the business services provider’s stock worth $67,989,000 after buying an additional 301,926 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.
In other news, CFO Lloyd Howell, Jr. sold 22,624 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $40.25, for a total value of $910,616.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Horacio Rozanski sold 35,870 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $40.03, for a total transaction of $1,435,876.10. The disclosure for this sale can be found here. Insiders sold a total of 182,135 shares of company stock valued at $7,226,660 in the last 90 days. Company insiders own 3.04% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Tuesday, February 13th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.17. Booz Allen Hamilton’s dividend payout ratio (DPR) is 35.60%.
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About Booz Allen Hamilton
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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