Booz Allen Hamilton (NYSE:BAH) Updates FY 2020 Earnings Guidance

Booz Allen Hamilton (NYSE:BAH) issued an update on its FY 2020 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.90-3.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.03. The company issued revenue guidance of $7.10627922-7.30740033 billion, compared to the consensus revenue estimate of $7.23 billion.Booz Allen Hamilton also updated its FY20 guidance to $2.90-3.05 EPS.

Shares of NYSE:BAH traded down $0.29 during midday trading on Wednesday, reaching $69.34. The company’s stock had a trading volume of 16,602 shares, compared to its average volume of 746,387. The company’s 50 day moving average is $67.07. Booz Allen Hamilton has a 1 year low of $43.24 and a 1 year high of $71.92. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.85 and a beta of 0.94.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Monday, July 29th. The business services provider reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.11. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Booz Allen Hamilton had a return on equity of 60.67% and a net margin of 6.24%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Analysts expect that Booz Allen Hamilton will post 3.01 EPS for the current year.

Several brokerages have issued reports on BAH. Zacks Investment Research upgraded Booz Allen Hamilton from a hold rating to a buy rating and set a $71.00 price objective on the stock in a research note on Friday, June 28th. Jefferies Financial Group began coverage on in a report on Wednesday, May 29th. They issued a buy rating and a $36.00 price objective for the company. Citigroup increased their price target on Visteon from $58.00 to $69.00 and gave the company a neutral rating in a research note on Tuesday. Cowen increased their price target on EXACT Sciences from $125.00 to $135.00 and gave the company an outperform rating in a research note on Monday. They noted that the move was a valuation call. Finally, Goldman Sachs Group upgraded MICHELIN COMPAG/ADR from a neutral rating to a buy rating in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Booz Allen Hamilton presently has an average rating of Buy and a consensus target price of $66.70.

In other news, insider Horacio Rozanski sold 31,000 shares of Booz Allen Hamilton stock in a transaction on Monday, July 15th. The shares were sold at an average price of $68.77, for a total transaction of $2,131,870.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Lloyd Howell, Jr. sold 74,279 shares of Booz Allen Hamilton stock in a transaction on Monday, July 8th. The stock was sold at an average price of $67.19, for a total transaction of $4,990,806.01. The disclosure for this sale can be found here. In the last three months, insiders sold 197,788 shares of company stock valued at $13,624,612. 2.60% of the stock is currently owned by company insiders.

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.

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Earnings History and Estimates for Booz Allen Hamilton (NYSE:BAH)

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