Booz Allen Hamilton (BAH) Reports 2Q EPS Beat; RBC Capital Reiterates Outperform

RBC Capital reiterated an Outperform rating on Booz Allen Hamilton (NYSE: BAH), and raised the price target to $34.00 (from $32.00), following the company's 2Q16 earnings results. BAH reported Adjusted EPS of $0.39, which was 3c better than consensus estimates.

Analyst Steven Cahall commented, "BAH reported F2Q16 GAAP/Adj. EPS of $0.37/$0.39, which was 11% better than our and consensus estimates. The beat was driven by a strong topline of $1.3bn, 6% above expectations and +1% y/y despite SURVIAC headwinds. EBIT margins were in-line at 8.2%, and results were also helped slightly by a 38.2% tax rate. BAH has reiterated its FY16 guidance for sales growth y/y of +/-2%, GAAP EPS of $1.55-$1.65 and Adjusted EPS of $1.60-$1.70."

For an analyst ratings summary and ratings history on Booz Allen Hamilton click here. For more ratings news on Booz Allen Hamilton click here.

Shares of Booz Allen Hamilton closed at $30.30 yesterday.

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