Booz Allen Hamilton Holding Corporation Declares Quarterly Dividend of $0.59 (NYSE:BAH)

Booz Allen Hamilton Holding Corporation (NYSE:BAH) announced a quarterly dividend on Friday, May 22nd. Stockholders of record on Wednesday, June 10th will be given a dividend of 0.59 per share by the business services provider on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, June 10th.

Booz Allen Hamilton has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Booz Allen Hamilton has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Booz Allen Hamilton to earn $6.17 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 38.2%.

Booz Allen Hamilton Stock Up 3.1%

Shares of BAH traded up $2.35 during midday trading on Friday, reaching $78.70. 1,876,012 shares of the stock were exchanged, compared to its average volume of 2,113,285. Booz Allen Hamilton has a 12-month low of $68.83 and a 12-month high of $120.04. The firm has a 50 day simple moving average of $78.52 and a 200-day simple moving average of $83.28. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 4.47 and a beta of 0.32.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. Booz Allen Hamilton had a return on equity of 76.79% and a net margin of 7.35%.The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same period last year, the business earned $1.61 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Research analysts forecast that Booz Allen Hamilton will post 6.07 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BAH shares. UBS Group reaffirmed a “neutral” rating and set a $97.00 price target on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Truist Financial cut their price objective on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. Weiss Ratings downgraded Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. DA Davidson set a $81.00 price objective on Booz Allen Hamilton in a research note on Tuesday, January 27th. Finally, Jefferies Financial Group set a $85.00 price objective on Booz Allen Hamilton in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $93.33.

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.