Booz Allen Hamilton Holding Corporation (NYSE:BAH) to Issue Quarterly Dividend of $0.59

Booz Allen Hamilton Holding Corporation (NYSE:BAH) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.59 per share by the business services provider on Friday, August 28th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 14th.

Booz Allen Hamilton has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 14 years. Booz Allen Hamilton has a payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Booz Allen Hamilton to earn $6.72 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 35.1%.

Booz Allen Hamilton Stock Down 1.3%

NYSE BAH traded down $0.99 on Wednesday, hitting $77.58. The stock had a trading volume of 68,720 shares, compared to its average volume of 2,186,205. The business’s fifty day moving average price is $68.91 and its 200 day moving average price is $76.34. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 4.04 and a beta of 0.34. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.59. Booz Allen Hamilton has a 52-week low of $59.50 and a 52-week high of $112.22.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.32. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the firm earned $1.48 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Equities research analysts anticipate that Booz Allen Hamilton will post 6.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BAH. UBS Group increased their price target on Booz Allen Hamilton from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Stifel Nicolaus set a $110.00 price objective on shares of Booz Allen Hamilton and gave the company a “buy” rating in a report on Tuesday, May 26th. Citigroup decreased their price objective on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. BNP Paribas Exane initiated coverage on shares of Booz Allen Hamilton in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 target price for the company. Finally, Truist Financial dropped their target price on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $84.08.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.