On May 26, 2023, Booz Allen Hamilton Holding Corporation (BAH) experienced a surge in stock prices, with shares trading at $95.49, marking a 6.28% increase from the previous day’s closing price. This positive development was attributed to the company’s solid fourth-quarter FY23 results, which exceeded market expectations. In Q4, Booz Allen Hamilton’s sales growth rose by 8.7% YoY, reaching $2.43 billion, surpassing the consensus of $2.39 billion. Additionally, revenue, excluding billable expenses, grew by 7.1%, and adjusted earnings per share (EPS) of $1.01 outperformed the consensus of $0.95. Booz Allen Hamilton also reported an expanded adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 9.5%, a 30 bps increase, and a backlog growth of 6.7% YoY to $31.2 billion. The company also declared a regular quarterly dividend of $0.47 per share, payable on June 30, 2023, to shareholders of record on June 15, 2023. Booz Allen Hamilton’s free cash flow amounted to $212.42 million, and the company had $404.86 million in cash and equivalents. Looking ahead, Booz Allen Hamilton expects sales growth of 7% – 11% in FY24 and an adjusted EPS of $4.80-$4.95, which is in line with the consensus of $4.88.
BAH Stock Update: Higher Opening at $94.88 with Over 1 Million Volume and Market Cap of $12.3B
On May 26, 2023, BAH (Booz Allen Hamilton Holding Corporation) opened at $94.88, higher than its previous close of $89.85. The stock had a day’s range of $92.05 to $97.53, with a volume of 1,062,132, higher than its average volume of 997,935 over the last three months. BAH has a market cap of $12.3B, with earnings growth for the last year of -21.38% and expected earnings growth for the next five years of +8.91%. The stock’s revenue growth for the last year was +6.42%. BAH’s P/E ratio of 29.4 suggests the stock may be overvalued, as do its price/sales ratio of 1.42 and price/book ratio of 11.74. BAH’s next reporting date is on July 31, 2023, with an EPS forecast of $1.23 for this quarter. The company operates in the commercial services sector, specifically in the miscellaneous commercial services industry, with corporate headquarters located in McLean, Virginia.
Booz Allen Hamilton Holding Corp (BAH) Stock Analysis: Target Price, Earnings, and Analyst Rating
On May 26, 2023, Booz Allen Hamilton Holding Corp (BAH) had a median target price of $110.00, with a high estimate of $124.00 and a low estimate of $105.00, according to data from CNN Money. The consensus among eight polled investment analysts is to buy stock in BAH, a rating that has held steady since May when it was upgraded from a hold rating. Looking at BAH’s current quarter earnings, the company reported earnings per share of $1.23 and sales of $2.4 billion. Investors may want to keep an eye on BAH’s upcoming reporting date of July 31, 2023. Overall, BAH’s stock performance on May 26, 2023, suggests that investors are optimistic about the company’s future prospects.
Discussion about this post