On May 26, 2023, Booz Allen Hamilton released their Q4 earnings report and it exceeded expectations. The company’s quarterly earnings per share were $1.01, which was higher than the predicted $0.92 per share. This is the fourth time in the past year that Booz Allen Hamilton has surpassed consensus EPS estimates. As a result of the positive report, the company’s shares were trading higher after the announcement. However, the sustainability of the stock’s immediate price movement will depend on management’s commentary on the earnings call and future earnings expectations.
BAH Stock Performance and Analysis on May 26, 2023: Positive Growth and Projected Earnings Increase
On May 26, 2023, shares of BAH (Booz Allen Hamilton Holding Corporation) opened at $94.88, up from the previous day’s close of $89.85. The day’s range was between $92.05 and $97.53, with a volume of 761,403 shares traded. The company’s market cap was $12.3B.
BAH has seen a positive growth of +6.48% this year and is projected to have an earnings growth of +8.91% over the next five years. Revenue growth was at +6.42% last year. The P/E ratio was 29.5, and the price/sales ratio was 1.42. The price/book ratio was 11.74.
In comparison to other companies in the same sector, BAH’s stock performed moderately well. FCNFTI Consulting Inc saw a small increase of +0.25%, and TNETTriNet Group Inc saw a slightly larger increase of +0.54%.
The company’s next reporting date is set for July 31, 2023, with an EPS forecast of $1.23 for this quarter. BAH had an annual revenue of $8.4B and an annual profit of $463.6M last year, with a net profit margin of 5.54%.
BAH is in the Commercial Services sector and falls under the Miscellaneous Commercial Services industry. The company is headquartered in McLean, Virginia, and has no executives to display.
Overall, BAH’s stock performance on May 26, 2023, was positive, with an increase in the opening price and a moderate trading volume. The company’s positive earnings growth this year and projected growth over the next five years may be a contributing factor to its stock performance.
Booz Allen Hamilton Holding Corps Stock Performance Shows Strong Growth Potential: Analysts Recommend Buying
Booz Allen Hamilton Holding Corp’s stock performances on May 26, 2023, showed a median target of $110.00, with a high estimate of $124.00 and a low estimate of $105.00. The company reported strong financial performance in recent quarters, with earnings per share of $1.23 and sales of $2.4 billion for the current quarter. The consensus among eight polled investment analysts is to buy stock in Booz Allen Hamilton Holding Corp, indicating the company’s ability to continue its growth trajectory and deliver value to its shareholders. Investors looking to capitalize on the company’s bullish outlook should consider buying the stock at its current price point.
Discussion about this post