Free Research Report as Booz Allen’s Quarterly Revenues Increased 15.56%

LONDON, UK / ACCESSWIRE / June 26, 2018 / If you want access to our free earnings report on Booz Allen Hamilton Holding Corp. (NYSE: BAH) (“Booz Allen”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BAH. The Company reported its financial results on May 29, 2018, for the fourth quarter of the fiscal year 2018 and for the full fiscal year 2018, ended March 31, 2018. The Company surpassed analysts ‘ estimates for earnings but missed revenue forecasts for Q4 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Booz Allen Hamilton Holding most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2018, Booz Allen ‘s total revenues reached $1.64 billion, reflecting an increase of 3.43% from $1.58 billion in Q4 FY17. This was the Company ‘s third consecutive year of industry leading organic revenue growth. However, the Company ‘s total revenue numbers missed analysts ‘ consensus estimates of $1.68 billion. Cost-reimbursable contracts accounted for 52% of the Company ‘s total revenues in Q4 FY18, while time and materials contracts accounted for 25% and fixed price contracts accounted for 23%.

During Q4 FY18, Booz Allen ‘s total costs and operating expenses were $1.50 billion, 3.26% higher than $1.45 billion in Q4 FY17. For the quarter under review, the Company ‘s cost of revenues advanced 4.23% to $755.40 million on a y-o-y basis, while billable expenses increased 0.61% to $483.08 million on a y-o-y basis. The Company had an operating income of $136.05 million in Q4 FY18, up 5.33% from $129.16 million in Q4 FY17. Moroever, Booz Allen ‘s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) jumped 5.16% to $152.61 million in the reported quarter from $145.12 million in the previous year ‘s same quarter.

For the quarter ended March 31, 2018, Booz Allen ‘s net income was $84.89 million, an increase of 28.12% from $66.25 million in Q4 FY17. The Company had diluted earnings per share (EPS) of $0.58 in Q4 FY18, 31.82% higher than $0.44 in Q4 FY17. The Company ‘s reported earnings included the re-measurement of deferred tax assets/liabilities; the amortization or write-off of debt issuance costs; and the write-off of original issue discount, and other adjustments for tax effects. Excluding these non-recurring items, Booz Allen had an adjusted diluted EPS of $0.52 in the reported quarter, an increase of 15.56% from $0.45 in the prior year ‘s comparable quarter. This was higher than analysts ‘ consensus estimates of $0.45 per share.

For the full fiscal year ended March 31, 2018, Booz Allen reported revenues of $6.17 billion, a record level since the Company ‘s IPO; up 6.33% from $5.80 billion in FY17. The Company ‘s operating income advanced 7.40% to $520.09 million in the reported year from $484.25 million in the previous year. Booz Allen reported a net income of $305.11 million, or $2.05 diluted per share, in FY18, 20.84% higher than $252.49 million, or $1.67 per diluted share, in FY17. Excluding non-recurring items, the Company had an adjusted diluted EPS of $2.01 in the reported year, up 14.86% from $1.75 in the previous year.

Booz Allen had a total backlog of $16.02 billion as on March 31, 2018, again a year-end record since the IPO, compared to $13.59 billion as on March 31, 2017. The Company generated a full-year book-to-bill ratio of 1.39 in FY18.

Cash Matters

Booz Allen had cash and cash equivalents of $286.96 million as on March 31, 2018, 31.99% higher than $217.42 million as on March 31, 2017. The Company had a long-term debt, less current portion, of $1.76 billion at the end of FY18, up 19.41% from $1.47 billion at the end of FY17.

For the full fiscal year ended March 31, 2018, Booz Allen ‘s cash flow from operating activities was $369.14 million, 3.44% lower than $382.28 million in the last year. The Company had a free cash flow of $290.71 million in FY18 compared to $328.36 million in FY17.

Booz Allen spent $78.44 million on purchases of property and equipment in the reported year, an increase of 45.47% from $53.92 million in the previous year.

Booz Allen spent $270.32 million on common stock repurchases in FY18 compared to $46.55 million in FY17. The Company distributed dividends of $103.41 million in FY18 compared to $92.93 million in FY17, reflecting an increase of 11.28%.

Outlook

For the full fiscal year 2019, Booz Allen expects revenue growth to be in the band of 6% to 8%, and adjusted diluted EPS to be in the range of $2.35 to $2.50.

The Company also declared a regular quarterly dividend of $0.19 per share, which is payable on June 29, 2018, to stockholders of record as on June 14, 2018.

Stock Performance Snapshot

June 25, 2018 – At Monday ‘s closing bell, Booz Allen Hamilton ‘s stock fell 1.19%, ending the trading session at $44.07.

Volume traded for the day: 1.29 million shares, which was above the 3-month average volume of 787.61 thousand shares.

Stock performance in the last month – up 5.81%; previous three-month period – up 15.31%; past twelve-month period – up 36.78%; and year-to-date – up 15.58%

After yesterday ‘s close, Booz Allen Hamilton ‘s market cap was at $6.53 billion.

Price to Earnings (P/E) ratio was at 21.99.

The stock has a dividend yield of 1.72%.

The stock is part of the Services sector, categorized under the Management Services industry.

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