Zacks: Analysts Anticipate Booz Allen Hamilton Holding Co. (BAH) Will Announce Quarterly Sales of $1.71 Billion

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Equities research analysts expect Booz Allen Hamilton Holding Co. (NYSE:BAH) to report sales of $1.71 billion for the current quarter, Zacks reports. Six analysts have made estimates for Booz Allen Hamilton’s earnings, with estimates ranging from $1.64 billion to $1.73 billion. Booz Allen Hamilton reported sales of $1.64 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The firm is scheduled to report its next quarterly earnings report on Tuesday, June 4th.

On average, analysts expect that Booz Allen Hamilton will report full year sales of $6.64 billion for the current fiscal year, with estimates ranging from $6.64 billion to $6.65 billion. For the next financial year, analysts expect that the business will report sales of $7.05 billion, with estimates ranging from $6.68 billion to $7.20 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow Booz Allen Hamilton.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, February 1st. The business services provider reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.14. Booz Allen Hamilton had a net margin of 6.31% and a return on equity of 61.40%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the firm posted $0.51 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year.

BAH has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Booz Allen Hamilton from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research report on Wednesday, January 16th. Wells Fargo & Co set a $58.00 target price on shares of Booz Allen Hamilton and gave the company a “buy” rating in a research report on Saturday, February 2nd. ValuEngine raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Friday, January 4th. Raymond James increased their target price on shares of Booz Allen Hamilton from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, October 29th. Finally, Drexel Hamilton reaffirmed a “hold” rating on shares of Booz Allen Hamilton in a research report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $53.63.

In related news, Director Charles O. Rossotti sold 10,000 shares of the stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $53.26, for a total value of $532,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Horacio Rozanski sold 45,000 shares of the stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $49.00, for a total transaction of $2,205,000.00. The disclosure for this sale can be found here. Company insiders own 3.56% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Denali Advisors LLC grew its position in Booz Allen Hamilton by 224.5% during the 3rd quarter. Denali Advisors LLC now owns 34,400 shares of the business services provider’s stock worth $1,707,000 after purchasing an additional 23,800 shares during the last quarter. Janus Henderson Group PLC grew its position in Booz Allen Hamilton by 34.2% during the 3rd quarter. Janus Henderson Group PLC now owns 254,800 shares of the business services provider’s stock worth $12,646,000 after purchasing an additional 65,000 shares during the last quarter. First Hawaiian Bank purchased a new position in Booz Allen Hamilton during the 3rd quarter worth $848,000. Anchor Capital Advisors LLC grew its position in Booz Allen Hamilton by 21.9% during the 3rd quarter. Anchor Capital Advisors LLC now owns 722,654 shares of the business services provider’s stock worth $35,865,000 after purchasing an additional 129,875 shares during the last quarter. Finally, Investment Partners LTD. purchased a new position in Booz Allen Hamilton during the 3rd quarter worth $318,000. 94.57% of the stock is currently owned by institutional investors.

Shares of NYSE:BAH traded down $0.99 during trading hours on Monday, reaching $53.46. The stock had a trading volume of 1,401,001 shares, compared to its average volume of 1,131,371. Booz Allen Hamilton has a 1 year low of $36.78 and a 1 year high of $54.74. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.54. The company has a market cap of $7.63 billion, a PE ratio of 26.60, a P/E/G ratio of 1.39 and a beta of 1.14.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Thursday, February 14th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.72%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, February 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 37.81%.

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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