Booz Allen Hamilton Announces Q4 and Fiscal Year 2024 ResultsBooz Allen Hamilton ( NYSE:BAH ) delivered strong fiscal fourth-quarter results for 2024, with earnings per share (EPS) growing by 32% to $1.33 and revenue increasing by 14% to $2.77 billion. The company also raised its outlook for fiscal 2025, forecasting adjusted EPS of $5.80 to $6.05 and revenue growth of 8% to 11%.
This performance is driven by increased government spending on defense and AI projects, as well as strong demand for IT modernization.
Technical Outlook
NYSE:BAH is up 5.40% as of the time of writing riding high with the Relative Strength Index (RSI) and the Moving Average Convergence Divergence index (MACD) all indicating bullish trend.
BAH
Booz Allen Hamilton Surges 13% After Impressive Earnings Beat
Booz Allen Hamilton (NYSE: NYSE:BAH ), the renowned Defense IT company and a key player in the realm of government technology services, is making headlines after delivering quarterly earnings that far exceeded expectations. The company's robust performance has not only propelled its stock up by an impressive 13% but has also fueled optimism among investors, positioning Booz Allen Hamilton ( NYSE:BAH ) for a promising 2024. Let's delve into the key factors behind this surge and explore whether now is the opportune moment for investors to consider Booz Allen Hamilton ( NYSE:BAH ).
Earnings Triumph:
Booz Allen Hamilton ( NYSE:BAH ) closed out 2023 on a high note, reporting fiscal third-quarter adjusted earnings of $1.41 per share on revenue of $2.57 billion. The figures represent a substantial year-over-year increase, with earnings and revenue up by 32% and 12.8%, respectively. Importantly, the per-share earnings easily surpassed Wall Street estimates, underscoring the company's strong operational performance.
Strategic Focus and Leadership Insight:
As a key player in the category of "Beltway Bandit" defense contractors, Booz Allen Hamilton ( NYSE:BAH ) distinguishes itself by concentrating on providing technology services rather than armaments to government agencies. CEO Horacio Rozanski attributed the company's success to "strong demand and growing headcount," emphasizing the momentum generated as the company scales and evolves its technology positions. Rozanski further expressed confidence in delivering exceptional value for clients and investors.
Dividend Boost and Upgraded Guidance:
In a move signaling confidence in future growth, Booz Allen Hamilton ( NYSE:BAH ) raised its quarterly dividend by 8% to $0.51 per share. Moreover, the company revised its full-year fiscal 2024 guidance, expecting earnings per share to range between $5.25 and $5.40, up from the previous guidance of $4.95 to $5.10. The upward adjustment reflects management's optimistic outlook and anticipation of sustained positive momentum.
Robust Book-to-Bill Ratio:
One of the noteworthy metrics supporting Booz Allen Hamilton's ( NYSE:BAH ) strong performance is its book-to-bill ratio, standing at an impressive 1.42 over the past 12 months. This ratio, comparing current-quarter business to the new business acquired during the period, suggests a healthy demand for the company's services and a positive outlook for future revenue generation.
Market Differentiation and Growth Potential:
While larger defense contractors like Northrop Grumman and Lockheed Martin have reported more modest results, Booz Allen Hamilton's ( NYSE:BAH ) success is attributed not only to company-specific factors but also to the government's increasing focus on enhancing its technology capabilities. As a historical top vendor to the intelligence community, Booz Allen Hamilton ( NYSE:BAH ) remains well-positioned to benefit from ongoing investments in technology, making it an attractive prospect for long-term investors.
Technical Outlook:
From a technical standpoint, Booz Allen Hamilton ( NYSE:BAH ) exhibits strong development within a rising trend channel, indicating positive growth and increasing buy interest among investors.
Conclusion:
Booz Allen Hamilton's ( NYSE:BAH ) recent earnings report, dividend increase, and upgraded guidance have positioned the company as a standout performer in the defense IT sector. With a solid foundation, strong market differentiation, and favorable technical indicators, Booz Allen Hamilton ( NYSE:BAH ) appears to be a compelling choice for investors seeking growth potential in the evolving landscape of government technology services. As the company continues to deliver ahead of pace on its investment thesis, the current surge in its stock may only be the beginning of a sustained upward trajectory.
BAH MAR95/FEB17 DIAGONAL PUTBear Rally Set Up:
I've had BAH on my watchlist since the swing low it made on January the 20th. So I set an alert at 96.84 which was around the area of where it closed on January 9th. I wanted to see if this would run back up with lower or equal volume to test at least the 20-day again. With yesterday's candle and it trading below yesterday's low, it triggered me to get in. I also wanted to wait for earnings.
I drew a downward trendline from the high on November 10th down to Feb 17th. From the high of November 28th, to today, this stock touched that trend line multiple times which lead me to select the 90 strike expiring the 17th of February. This only had monthly expirations so if it doesn't make it to 90 by the 17th, I'll have that 95 strike until March.
Position management strategies when the stock goes lower
I've set an alert once this gets to 90. Once it reaches my target, I'll close out the combo.
Position management strategies when the stock goes sideways
If this goes sideways I'll let my 90 strike expire worthless and hang on to the 95 until March.
Position management strategies when the stock goes higher
If this climbs higher, Im set up for max loss risking less than 2% AUM.
Position management strategy at expiration
At expiration, if this is not trading at or below 90, I'll let my 90 expire worthless and hang on to my 95 strike until it hits my 90 target.
BAH might just soarSo I spotted BAH a couple months back in a scan. It was a strictly technical play. I've been keeping an eye on it and today I pulled up the (D) and noticed that earnings is in May. I spy an inverted head & shoulders. Do you see it too? I'm sensing it's gonna soar upwards 90. May not be a perfect straight line up, but up it will go. What are you thinking?
BAH - rocketWhen I think of Booz Allen Hamilton, I think of rockets. You think of Booze. That's the difference between you and I... Lay off the Booze and get some calls in BOOZ! This rocket is about to take off!
The 200MA battle. On the daily here we see consistency. Can it do it all over again? Wait for that cross to happen. Be patient. This is the daily chart so once it happens your probability of success is high for the coming weeks. Cheers and good luck on this one!
If you like my charts press that like button/follow, and ask me any questions you may have! Thank you!
GBPTHB Long term.Hi everyone, looking at GBPTHB, we may see that GBP formed nice candle patter to the upside, also it's at 16 years low from where we should see a pullback at least to 50 fib. As brexit, covid drives markets, loots of people will seek holidays in warm countries once allowed, and as Thailand is beloved by Brits, we may see a skyrocket in the price of thb.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."