Booz Allen Hamilton Holding Co. (NYSE: BAH) Expected to Post Quarterly Sales of $ 2.22 Billion


Equities research analysts expect Booz Allen Hamilton Holding Co. (NYSE: BAH – Get Rating) to report $ 2.22 billion in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for Booz Allen Hamilton’s earnings, with the lowest sales estimate coming in at $ 2.16 billion and the highest estimate coming in at $ 2.24 billion. Booz Allen Hamilton posted sales of $ 1.98 billion in the same quarter last year, which suggests a positive year over year growth rate of 12.1%. The business is scheduled to report its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Booz Allen Hamilton will report full year sales of $ 8.34 billion for the current year, with estimates ranging from $ 8.29 billion to $ 8.36 billion. For next year, analysts anticipate that the business will report sales of $ 8.96 billion, with estimates ranging from $ 8.67 billion to $ 9.12 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Booz Allen Hamilton.

BAH has been the subject of a number of recent research reports. Stifel Nicolaus assumed coverage on Booz Allen Hamilton in a research report on Thursday, March 17th. They set a “buy” rating and a $ 96.00 price target for the company. Wells Fargo & Company raised their target price on shares of Booz Allen Hamilton from $ 90.00 to $ 98.00 and gave the company an “overweight” rating in a research report on Thursday, March 24th. Morgan Stanley cut their price target on shares of Booz Allen Hamilton from $ 98.00 to $ 93.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 1st. Bank of America raised Booz Allen Hamilton from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $ 80.00 to $ 90.00 in a research report on Friday, March 11th. Finally, Barclays raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $ 90.00 to $ 105.00 in a research note on Monday, January 24th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Buy” and an average price target of $ 96.70.

NYSE: BAH opened at $ 80.53 on Monday. The stock has a 50-day simple moving average of $ 85.83 and a 200-day simple moving average of $ 84.21. Booz Allen Hamilton has a 52-week low of $ 69.68 and a 52-week high of $ 91.46. The company has a market cap of $ 10.73 billion, a PE ratio of 19.22, a PEG ratio of 2.35 and a beta of 0.72. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.69 and a current ratio of 1.69.

In other Booz Allen Hamilton news, EVP Nancy Laben sold 6,003 shares of the firm’s stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of $ 88.95, for a total transaction of $ 533,966.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.92% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in BAH. Zacks Investment Management increased its position in shares of Booz Allen Hamilton by 4.4% during the third quarter. Zacks Investment Management now owns 3,003 shares of the business services provider’s stock worth $ 238,000 after buying an additional 127 shares during the period. Jacobi Capital Management LLC grew its holdings in Booz Allen Hamilton by 70.3% during the 3rd quarter. Jacobi Capital Management LLC now owns 315 shares of the business services provider’s stock worth $ 25,000 after acquiring an additional 130 shares during the period. Spire Wealth Management raised its position in shares of Booz Allen Hamilton by 30.0% in the 4th quarter. Spire Wealth Management now owns 680 shares of the business services provider’s stock worth $ 58,000 after acquiring an additional 157 shares in the last quarter. CWM LLC lifted its stake in shares of Booz Allen Hamilton by 16.7% in the 1st quarter. CWM LLC now owns 1,186 shares of the business services provider’s stock valued at $ 104,000 after purchasing an additional 170 shares during the period. Finally, MAI Capital Management boosted its position in shares of Booz Allen Hamilton by 2.4% during the 4th quarter. MAI Capital Management now owns 7,498 shares of the business services provider’s stock valued at $ 636,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds 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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Earnings History and Estimates for Booz Allen Hamilton (NYSE: BAH)



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