Why Government And Military Contractor Booz Allen Hamilton Stock Is Trading Lower Today?
Booz Allen Hamilton Holding Corp (NYSE:BAH) reported fiscal first-quarter adjusted EPS of $1.38, missing the analyst consensus estimate of $1.52. The stock price dropped after the print.
Quarterly sales of $2.94 billion beat the street view of $2.93 billion. The total backlog grew by 15.7%, reaching $36.2 billion, while the quarterly book-to-bill ratio stood at 1.72x.
During the quarter, the company achieved double-digit organic revenue growth, increased quarterly backlog, and revealed expansion in headcount.
Booz Allen recorded a quarterly operating income of $255.2 million, compared with $234.4 million a year ago.
As of June 30, the client staff headcount had risen by around 2,300 compared to the previous year, marking a 7.7% increase and approximately 700 higher than the end of the prior quarter.
Booz Allen exited the quarter with cash and equivalents worth $297.66 million. Long-term debt, net of the current portion, totals $3.33 billion.
The company announced a quarterly dividend of $0.51 per share.
“VoLT continues to fuel our growth as we accelerate our clients’ national priority missions through transformative technology solutions.” — Horacio Rozanski, Chairman, CEO.
Outlook: Booz Allen reiterated fiscal 2025 revenue growth of 8.0%–11.0% year over year versus an estimate of $11.78 billion. The company maintained adjusted EPS of $5.80–$6.05 versus the $6.05 estimate.
Booz Allen Hamilton stock gained 32% in the last 12 months. Investors are keeping a close eye on the critical civil, defense, and national security provider as geopolitical tensions intensify between the U.S. and China.
Price Action: BAH shares are trading lower by 7.44% to $142.17 premarket at last check Friday.
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This article Why Government And Military Contractor Booz Allen Hamilton Stock Is Trading Lower Today? originally appeared on Benzinga.com
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