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

Booz Allen Hamilton Holding Corporation (NYSE:BAH) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.59 per share by the business services provider on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 14th.

Booz Allen Hamilton has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 14 years. Booz Allen Hamilton has a payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Booz Allen Hamilton to earn $6.72 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 35.1%.

Booz Allen Hamilton Stock Performance

BAH traded down $1.16 during trading hours on Wednesday, hitting $77.41. 122,020 shares of the stock were exchanged, compared to its average volume of 2,186,205. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 4.04 and a beta of 0.34. The stock has a 50-day simple moving average of $68.91 and a 200-day simple moving average of $76.34. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.59. Booz Allen Hamilton has a 12 month low of $59.50 and a 12 month high of $112.22.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.32. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Analysts anticipate that Booz Allen Hamilton will post 6.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BAH shares. Cantor Fitzgerald cut their target price on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Citigroup dropped their price target on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Truist Financial cut their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Weiss Ratings lowered Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Finally, Bank of America lowered their price objective on Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating for the company in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $84.08.

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.