Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessBooz Allen Hamilton Holding Corporation Surpasses Fourth-Quarter Fiscal 2024 Expectations

Booz Allen Hamilton Holding Corporation Surpasses Fourth-Quarter Fiscal 2024 Expectations

Add to Favorite
Added to Favorite


Earnings per share (EPS) of $1.33, beating the estimated EPS of $1.23.
Revenue reached approximately $2.77 billion, exceeding estimates.
Net income increased by 287% year over year, with revenue growth of nearly 14%.

Booz Allen Hamilton Holding Corporation (NYSE:BAH), a prominent government IT specialist, recently reported its fourth-quarter fiscal 2024 results, which have caught the attention of investors and analysts alike. On Friday, May 24, 2024, BAH announced earnings per share (EPS) of $1.33, surpassing the estimated EPS of $1.23. Additionally, the company reported revenue of approximately $2.77 billion, exceeding the estimated revenue of roughly $2.72 billion. This performance not only highlights the company’s financial health but also its ability to exceed market expectations.
Following the earnings announcement, BAH reached a new all-time high, with its stock price climbing as much as 7% during trading on Friday. This surge was a direct response to the company’s earnings that exceeded both top- and bottom-line expectations. CEO Horacio Rozanski, in a discussion with Nicole Petallides, shared that this fiscal year has been the best performance since the company’s initial public offering in 2010. This significant achievement underscores the company’s robust growth and operational success, reflecting positively on investor sentiment.
The company’s net income saw a dramatic increase of 287% year over year, while revenue grew nearly 14%, driven by significant contract wins in the federal defense and civil markets. Booz Allen Hamilton also expanded its workforce by 7.4% over the past year, indicating a positive outlook based on future contracted business. These factors contribute to the company’s optimistic growth prospects for fiscal 2025, attributed to the government’s increasing demand for high-tech assistance.
Financially, Booz Allen Hamilton exhibits a price-to-earnings (P/E) ratio of approximately 50.38, indicating investors’ willingness to pay a premium for its earnings. The company’s price-to-sales (P/S) ratio stands at roughly 1.99, suggesting that investors are paying nearly $2 for every $1 of sales. Despite a high debt-to-equity (D/E) ratio of 3.35, indicating a higher reliance on debt for financing, the company’s performance and growth prospects seem to justify investor confidence.
Moreover, the total backlog, an indicator of future revenue potential, increased by 8.4% from the year-ago quarter to $33.82 billion, slightly missing the estimate of $33.91 billion. This growth in backlog suggests a healthy pipeline of future projects for Booz Allen, further supporting the positive investor sentiment surrounding the stock. With such strong fiscal fourth-quarter performance and optimistic projections for the future, Booz Allen Hamilton continues to demonstrate its leadership and resilience in the government IT sector.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Datadog, Inc. Leads in Cloud Application Monitoring and Security with App Builder Launch

Datadog's App Builder enhances DevSecOps efficiency by allowing rapid...

TD SYNNEX Earnings Report Preview: Key Insights

Wall Street's expectations for TD SYNNEX are set at...

Barclays Adjusts Humana Inc. Rating and Price Target Amid Legal Challenges

Barclays has updated its rating on Humana Inc. to...

Samsara Started With a Buy Rating at BofA Securities

BofA Securities analysts started coverage on Samsara Inc (NYSE:IOT)...