Booz Allen Hamilton (NYSE:BAH) Shares Gap Up After Earnings Beat

Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares gapped up prior to trading on Friday following a better than expected earnings announcement. The stock had previously closed at $65.87, but opened at $69.99. Booz Allen Hamilton shares last traded at $74.7040, with a volume of 775,600 shares.

The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.49 by $0.32. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the company earned $1.48 earnings per share. The business’s quarterly revenue was down 4.2% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Wednesday, June 10th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 34.25%.

Wall Street Analyst Weigh In

BAH has been the topic of a number of research reports. Weiss Ratings lowered shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Citigroup reduced their price objective on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. TD Cowen decreased their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Bank of America reduced their price target on Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating on the stock in a research report on Monday. Finally, Jefferies Financial Group set a $85.00 price objective on Booz Allen Hamilton in a research report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $84.46.

Institutional Investors Weigh In On Booz Allen Hamilton

Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Booz Allen Hamilton by 22.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,167 shares of the business services provider’s stock valued at $2,737,000 after buying an additional 4,870 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Booz Allen Hamilton by 365.0% in the 1st quarter. NewEdge Advisors LLC now owns 11,750 shares of the business services provider’s stock valued at $1,229,000 after purchasing an additional 9,223 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Booz Allen Hamilton by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,460 shares of the business services provider’s stock valued at $464,000 after purchasing an additional 1,559 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Booz Allen Hamilton by 132.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,429 shares of the business services provider’s stock worth $149,000 after purchasing an additional 815 shares during the period. Finally, Cresset Asset Management LLC grew its stake in Booz Allen Hamilton by 6.2% during the second quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider’s stock worth $339,000 after purchasing an additional 191 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

The company has a debt-to-equity ratio of 3.55, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a fifty day simple moving average of $70.37 and a two-hundred day simple moving average of $78.32. The firm has a market capitalization of $9.02 billion, a P/E ratio of 10.87, a P/E/G ratio of 3.42 and a beta of 0.36.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.