Booz Allen Hamilton Holding Corporation (NYSE:BAH) Declares Quarterly Dividend of $0.55

Key Points

• Booz Allen Hamilton declared a quarterly dividend of $0.55 per share, representing an annualized dividend of $2.20 and a yield of 1.91% for investors of record on August 14th.
• The company's dividend payout ratio is currently 29.5%, indicating a strong ability to cover the dividend with expected earnings of $6.94 per share next year.
• Stock performance: Booz Allen Hamilton's shares opened at $115.35, recently experiencing a slight decline of 0.5%, with a 52-week low of $98.95 and a high of $190.59.

Booz Allen Hamilton Holding Corporation (NYSE:BAH - Get Free Report) announced a quarterly dividend on Friday, July 25th, RTT News reports. Shareholders of record on Thursday, August 14th will be given a dividend of 0.55 per share by the business services provider on Friday, August 29th. This represents a $2.20 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, August 14th.

Booz Allen Hamilton has a payout ratio of 29.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Booz Allen Hamilton to earn $6.94 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 31.7%.

Booz Allen Hamilton Price Performance

NYSE:BAH traded up $0.30 during mid-day trading on Tuesday, reaching $107.42. 983,080 shares of the stock were exchanged, compared to its average volume of 2,360,097. Booz Allen Hamilton has a 1-year low of $98.95 and a 1-year high of $190.59. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.90. The business has a fifty day moving average price of $107.11 and a 200 day moving average price of $114.45. The firm has a market capitalization of $13.34 billion, a PE ratio of 13.21, a PEG ratio of 1.77 and a beta of 0.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.03. Booz Allen Hamilton had a return on equity of 71.88% and a net margin of 8.70%. The business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.96 billion. During the same period in the previous year, the firm posted $1.38 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. Research analysts expect that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Booz Allen Hamilton

A hedge fund recently raised its stake in Booz Allen Hamilton stock. NewEdge Advisors LLC lifted its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 365.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,750 shares of the business services provider's stock after purchasing an additional 9,223 shares during the quarter. NewEdge Advisors LLC's holdings in Booz Allen Hamilton were worth $1,229,000 at the end of the most recent reporting period. 91.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BAH. Raymond James Financial reissued a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Wells Fargo & Company cut their target price on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. UBS Group boosted their price objective on shares of Booz Allen Hamilton from $115.00 to $119.00 and gave the stock a "neutral" rating in a research note on Monday. William Blair upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. Finally, Wall Street Zen cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of "Hold" and a consensus target price of $134.00.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.