Booz Allen Hamilton Holding Co. (NYSE:BAH) – Jefferies Financial Group issued their FY2021 earnings per share estimates for Booz Allen Hamilton in a report released on Tuesday, May 28th, Zacks Investment Research reports. Jefferies Financial Group analyst S. Kahyaoglu expects that the business services provider will post earnings of $3.40 per share for the year. Jefferies Financial Group currently has a “Outperform” rating and a $69.00 price target on the stock.
Several other equities research analysts have also issued reports on the stock. SunTrust Banks lifted their target price on shares of Booz Allen Hamilton to $69.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Morgan Stanley initiated coverage on shares of Booz Allen Hamilton in a research report on Monday, June 3rd. They set an “overweight” rating and a $70.00 target price for the company. Goldman Sachs Group initiated coverage on shares of Booz Allen Hamilton in a research report on Thursday, May 9th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Booz Allen Hamilton in a research report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $59.90.
Shares of Booz Allen Hamilton stockopened at $65.18 on Friday. Booz Allen Hamilton has a 1 year low of $42.91 and a 1 year high of $66.47. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 1.75 and a beta of 0.95. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.44 and a quick ratio of 1.44.
Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Tuesday, May 28th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. Booz Allen Hamilton had a net margin of 6.24% and a return on equity of 60.67%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business posted $0.51 earnings per share. Booz Allen Hamilton’s revenue for the quarter was up 9.1% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.23 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.41%. Booz Allen Hamilton’s payout ratio is 33.33%.
In other news, VP Laura S. Adams sold 780 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $65.63, for a total value of $51,191.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. B. Riley Wealth Management Inc. purchased a new position in shares of Booz Allen Hamilton in the first quarter worth $286,000. Marshall Wace North America L.P. purchased a new position in shares of Booz Allen Hamilton in the first quarter worth $116,000. Quantinno Capital Management LP purchased a new position in shares of Booz Allen Hamilton in the first quarter worth $540,000. Fort L.P. increased its stake in shares of Booz Allen Hamilton by 30.5% in the first quarter. Fort L.P. now owns 41,462 shares of the business services provider’s stock worth $2,411,000 after buying an additional 9,691 shares during the period. Finally, Hilton Capital Management LLC purchased a new position in shares of Booz Allen Hamilton in the first quarter worth $17,069,000. 94.62% of the stock is currently owned by institutional investors.
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.