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Why Booz Allen Hamilton Shares Are Rising Today

Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares are trading high after reporting solid fourth-quarter FY23 results. The company saw Q4…
byNabaparna Bhattacharya
May 26, 2023
1 minute read
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  • Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares are trading high after reporting solid fourth-quarter FY23 results.
  • The company saw Q4 sales growth of 8.7% year-on-year to $2.43 billion, beating the consensus of $2.39 billion.
  • Revenue, excluding billable expenses, grew 7.1%.
  • Adjusted EPS of $1.01 topped the consensus of $0.95.
  • Adjusted EBITDA margin expanded by 30 bps to 9.5%.
  • Booz Allen Hamilton’s free cash flow was $212.42 million. The backlog increased by 6.7% Y/Y to $31.2 billion.
  • Dividend: The company declared a regular quarterly dividend of $0.47 per share, payable on June 30, 2023, to stockholders of record on June 15, 2023.
  • The company held $404.86 million in cash and equivalents.
  • FY24 Outlook: Booz Allen Hamilton issued FY24 Outlook.
  • The company sees sales growth to 7% – 11%. It expects an adjusted EPS of $4.80–$4.95 vs. the consensus of $4.88.
  • Price Action: BAH shares traded higher by 6.28% at $95.49 on the last check Friday.
 
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