Booz Allen Hamilton (NYSE:BAH) Releases FY23 Earnings Guidance

Booz Allen Hamilton (NYSE:BAHGet Rating) updated its FY23 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $4.15-4.45 for the period, compared to the consensus estimate of $4.43. The company issued revenue guidance of +5-9% yr/yr to $8.78-9.12 billion, compared to the consensus revenue estimate of $9.00 billion.

A number of research firms have weighed in on BAH. Barclays downgraded Booz Allen Hamilton from an overweight rating to an equal weight rating and set a $95.00 target price on the stock. in a report on Tuesday. Bank of America upgraded Booz Allen Hamilton from an underperform rating to a neutral rating and increased their price objective for the stock from $80.00 to $90.00 in a report on Friday, March 11th. Morgan Stanley boosted their target price on shares of Booz Allen Hamilton from $94.00 to $100.00 and gave the company an overweight rating in a report on Monday. Zacks Investment Research lowered shares of Booz Allen Hamilton from a buy rating to a hold rating and set a $96.00 price target for the company. in a research note on Friday, April 8th. Finally, Stifel Nicolaus assumed coverage on shares of Booz Allen Hamilton in a research note on Thursday, March 17th. They set a buy rating and a $96.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of Buy and an average target price of $97.00.

BAH stock traded down $1.02 during trading on Tuesday, hitting $87.01. 5,016 shares of the stock traded hands, compared to its average volume of 1,153,697. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.56 and a beta of 0.72. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.59 and a quick ratio of 1.59. Booz Allen Hamilton has a 1 year low of $69.68 and a 1 year high of $91.46. The firm’s 50 day moving average is $85.51 and its two-hundred day moving average is $83.81.

Booz Allen Hamilton (NYSE:BAHGet Rating) last posted its quarterly earnings results on Friday, May 20th. The business services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. Booz Allen Hamilton had a net margin of 5.58% and a return on equity of 54.20%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, analysts anticipate that Booz Allen Hamilton will post 4.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Tuesday, June 14th. Booz Allen Hamilton’s payout ratio is 50.00%.

In other news, EVP Nancy Laben sold 21,161 shares of the business’s stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $88.54, for a total transaction of $1,873,594.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Karen M. Dahut sold 97,761 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $84.48, for a total transaction of $8,258,849.28. Following the completion of the sale, the executive vice president now owns 194,836 shares in the company, valued at approximately $16,459,745.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,925 shares of company stock worth $10,666,411. Corporate insiders own 1.92% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. LPL Financial LLC grew its stake in shares of Booz Allen Hamilton by 7.4% during the 4th quarter. LPL Financial LLC now owns 37,306 shares of the business services provider’s stock valued at $3,163,000 after purchasing an additional 2,561 shares during the period. MML Investors Services LLC grew its position in Booz Allen Hamilton by 6.9% during the fourth quarter. MML Investors Services LLC now owns 4,163 shares of the business services provider’s stock valued at $353,000 after buying an additional 267 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings in Booz Allen Hamilton by 41.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 24,445 shares of the business services provider’s stock valued at $2,073,000 after buying an additional 7,145 shares during the last quarter. Stifel Financial Corp raised its position in Booz Allen Hamilton by 6.5% in the fourth quarter. Stifel Financial Corp now owns 29,726 shares of the business services provider’s stock worth $2,521,000 after acquiring an additional 1,811 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Booz Allen Hamilton by 17.5% during the 4th quarter. Amalgamated Bank now owns 28,344 shares of the business services provider’s stock worth $2,403,000 after acquiring an additional 4,219 shares during the last quarter. Institutional investors own 90.44% of the company’s stock.

Booz Allen Hamilton Company Profile (Get Rating)

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, 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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Earnings History and Estimates for Booz Allen Hamilton (NYSE:BAH)

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