Equities research analysts expect Booz Allen Hamilton Holding Co. (NYSE:BAH) to report sales of $2.00 billion for the current quarter, according to Zacks. Six analysts have issued estimates for Booz Allen Hamilton’s earnings, with estimates ranging from $1.94 billion to $2.03 billion. Booz Allen Hamilton reported sales of $1.97 billion during the same quarter last year, which would suggest a positive year over year growth rate of 1.5%. The company is expected to report its next quarterly earnings report before the market opens on Friday, May 21st.
On average, analysts expect that Booz Allen Hamilton will report full year sales of $7.88 billion for the current fiscal year, with estimates ranging from $7.82 billion to $7.91 billion. For the next year, analysts expect that the firm will report sales of $8.36 billion, with estimates ranging from $8.24 billion to $8.44 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Booz Allen Hamilton.
BAH has been the subject of a number of recent research reports. Morgan Stanley decreased their price target on shares of Booz Allen Hamilton from $98.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 25th. Barclays reiterated an “overweight” rating on shares of Booz Allen Hamilton in a research note on Thursday, February 25th. Finally, Cowen reaffirmed a “buy” rating on shares of Booz Allen Hamilton in a research note on Friday, February 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $85.29.
BAH opened at $85.61 on Wednesday. The stock has a market capitalization of $11.79 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81. Booz Allen Hamilton has a one year low of $68.34 and a one year high of $100.26. The business’s 50-day simple moving average is $82.02 and its 200-day simple moving average is $84.53. The company has a debt-to-equity ratio of 2.38, a quick ratio of 2.01 and a current ratio of 2.01.
A number of institutional investors have recently bought and sold shares of the stock. Kiwi Wealth Investments Limited Partnership boosted its stake in shares of Booz Allen Hamilton by 9.7% during the 4th quarter. Kiwi Wealth Investments Limited Partnership now owns 39,735 shares of the business services provider’s stock worth $3,464,000 after purchasing an additional 3,510 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in Booz Allen Hamilton by 2.5% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 964,132 shares of the business services provider’s stock worth $84,067,000 after purchasing an additional 23,878 shares during the last quarter. BlackRock Inc. raised its stake in Booz Allen Hamilton by 2.0% during the fourth quarter. BlackRock Inc. now owns 11,819,845 shares of the business services provider’s stock worth $1,030,454,000 after purchasing an additional 230,042 shares during the period. Centennial Wealth Advisory LLC acquired a new position in shares of Booz Allen Hamilton in the 4th quarter valued at $261,000. Finally, Distillate Capital Partners LLC purchased a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at $1,401,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.
Recommended Story: Why do analysts give a neutral rating?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Booz Allen Hamilton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton and related companies with MarketBeat.com's FREE daily email newsletter.