FY2018 EPS Estimates for Booz Allen Hamilton Holding Co. Lowered by Jefferies Group (BAH)
Booz Allen Hamilton Holding Co. (NYSE:BAH) – Jefferies Group decreased their FY2018 EPS estimates for shares of Booz Allen Hamilton in a report issued on Monday. Jefferies Group analyst S. Kahyaoglu now anticipates that the business services provider will earn $1.94 per share for the year, down from their previous forecast of $1.96. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Booz Allen Hamilton’s Q4 2018 earnings at $0.47 EPS and Q4 2019 earnings at $0.67 EPS.
BAH has been the topic of a number of other research reports. Zacks Investment Research cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday. Cowen reiterated a “buy” rating and set a $50.00 price target on shares of Booz Allen Hamilton in a report on Monday. Wells Fargo & Co increased their price target on shares of Booz Allen Hamilton from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price target on shares of Booz Allen Hamilton in a report on Tuesday, January 9th. Finally, SunTrust Banks initiated coverage on shares of Booz Allen Hamilton in a report on Friday, December 1st. They set a “buy” rating and a $47.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $41.32.
Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Monday, February 5th. The business services provider reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Booz Allen Hamilton had a net margin of 4.68% and a return on equity of 50.81%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share.
A number of hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in Booz Allen Hamilton by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,217 shares of the business services provider’s stock worth $593,000 after purchasing an additional 49 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Booz Allen Hamilton by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock worth $150,000 after purchasing an additional 347 shares during the last quarter. Advisor Group Inc. boosted its holdings in Booz Allen Hamilton by 13.1% in the second quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock worth $113,000 after purchasing an additional 405 shares during the last quarter. Suntrust Banks Inc. boosted its holdings in Booz Allen Hamilton by 11.9% in the second quarter. Suntrust Banks Inc. now owns 10,958 shares of the business services provider’s stock worth $355,000 after purchasing an additional 1,166 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Booz Allen Hamilton by 4.3% in the second quarter. PNC Financial Services Group Inc. now owns 28,704 shares of the business services provider’s stock worth $933,000 after purchasing an additional 1,183 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.
In related news, insider Susan L. Penfield sold 30,022 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $38.31, for a total value of $1,150,142.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Lloyd Howell, Jr. sold 22,624 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $40.25, for a total transaction of $910,616.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 182,135 shares of company stock worth $7,226,660. Corporate insiders own 3.04% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.19 per share. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, February 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.11%. Booz Allen Hamilton’s dividend payout ratio is presently 35.60%.
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About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.
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