Booz Allen Hamilton (NYSE:BAH – Get Rating) issued an update on its FY 2023 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $4.15-$4.45 for the period, compared to the consensus estimate of $4.34. The company issued revenue guidance of $8.78 billion-$9.12 billion, compared to the consensus revenue estimate of $9.01 billion.
BAH stock opened at $86.14 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 2.55 and a beta of 0.72. Booz Allen Hamilton has a fifty-two week low of $69.68 and a fifty-two week high of $91.46. The stock has a fifty day moving average of $85.47 and a 200-day moving average of $83.85.
Booz Allen Hamilton (NYSE:BAH – Get Rating) last posted its quarterly earnings results on Friday, May 20th. The business services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.21 billion. Booz Allen Hamilton had a return on equity of 54.20% and a net margin of 5.58%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 EPS. Equities analysts predict that Booz Allen Hamilton will post 4.32 EPS for the current year.
A number of brokerages recently issued reports on BAH. Raymond James increased their price objective on Booz Allen Hamilton from $90.00 to $96.00 in a report on Wednesday, May 25th. Barclays cut Booz Allen Hamilton from an overweight rating to an equal weight rating and set a $95.00 price objective on the stock. in a report on Tuesday. Wells Fargo & Company raised their price target on Booz Allen Hamilton from $90.00 to $98.00 and gave the company an overweight rating in a report on Thursday, March 24th. Stifel Nicolaus initiated coverage on Booz Allen Hamilton in a report on Thursday, March 17th. They issued a buy rating and a $96.00 price target on the stock. Finally, The Goldman Sachs Group raised Booz Allen Hamilton from a neutral rating to a buy rating and raised their price target for the company from $83.00 to $102.00 in a report on Wednesday, April 13th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Buy and an average price target of $97.00.
In related news, 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 transaction, the executive vice president now directly owns 194,836 shares in the company, valued at approximately $16,459,745.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Nancy Laben sold 21,161 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 124,925 shares of company stock worth $10,666,411 over the last quarter. Corporate insiders own 1.92% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Zullo Investment Group Inc. bought a new stake in shares of Booz Allen Hamilton in the 4th quarter worth approximately $36,000. Covestor Ltd lifted its stake in shares of Booz Allen Hamilton by 56.4% in the 1st quarter. Covestor Ltd now owns 1,445 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 521 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $136,000. Beacon Pointe Advisors LLC purchased a new position in shares of Booz Allen Hamilton in the 1st quarter valued at approximately $209,000. Finally, D.A. Davidson & CO. purchased a new position in shares of Booz Allen Hamilton in the 1st quarter valued at approximately $212,000. Hedge funds and other 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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