Booz Allen Hamilton (NYSE:BAH) Releases FY 2023 Earnings Guidance

Booz Allen Hamilton (NYSE:BAHGet Rating) updated its FY 2023 earnings guidance on Friday. The company provided earnings per share guidance of $4.15-$4.45 for the period, compared to the consensus earnings per share estimate of $4.56. The company issued revenue guidance of $8.78 billion-$9.12 billion, compared to the consensus revenue estimate of $8.96 billion.

Shares of NYSE:BAH opened at $86.45 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.56. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.39 and a beta of 0.72. The stock’s 50-day moving average price is $85.51 and its two-hundred day moving average price is $83.95. Booz Allen Hamilton has a 12-month low of $69.68 and a 12-month high of $91.46.

Booz Allen Hamilton (NYSE:BAHGet Rating) last announced its quarterly earnings results on Friday, May 20th. The business services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. Booz Allen Hamilton had a net margin of 7.09% and a return on equity of 54.65%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the company posted $0.89 earnings per share. Booz Allen Hamilton’s revenue was up 13.1% compared to the same quarter last year. As a group, research analysts forecast that Booz Allen Hamilton will post 4.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.99%. The ex-dividend date is Tuesday, June 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 41.05%.

A number of research firms have issued reports on BAH. Zacks Investment Research cut shares of Booz Allen Hamilton from a buy rating to a hold rating and set a $96.00 target price for the company. in a research note on Friday, April 8th. Wells Fargo & Company increased their price target on shares of Booz Allen Hamilton from $90.00 to $98.00 and gave the stock an overweight rating in a research report on Thursday, March 24th. Raymond James upped their price objective on Booz Allen Hamilton from $90.00 to $96.00 in a research note on Wednesday. The Goldman Sachs Group upgraded Booz Allen Hamilton from a neutral rating to a buy rating and raised their target price for the stock from $83.00 to $102.00 in a research report on Wednesday, April 13th. Finally, Stifel Nicolaus initiated coverage on Booz Allen Hamilton in a research report on Thursday, March 17th. They issued a buy rating and a $96.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of Buy and a consensus target price of $97.30.

In other Booz Allen Hamilton news, EVP Nancy Laben sold 21,161 shares of Booz Allen Hamilton stock in a transaction on Friday, March 25th. The stock was sold at an average price of $88.54, for a total value of $1,873,594.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.92% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in BAH. LPL Financial LLC increased its position in 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 boosted its position in shares of Booz Allen Hamilton by 6.9% during the 4th quarter. MML Investors Services LLC now owns 4,163 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 267 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake 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 worth $2,073,000 after purchasing an additional 7,145 shares during the period. Stifel Financial Corp grew its holdings 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 purchasing an additional 1,811 shares during the period. Finally, Amalgamated Bank increased its stake in Booz Allen Hamilton by 17.5% in the fourth quarter. Amalgamated Bank now owns 28,344 shares of the business services provider’s stock valued at $2,403,000 after purchasing an additional 4,219 shares in the last quarter. 90.44% of the stock is owned by hedge funds and other institutional investors.

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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