Stephen Percoco, CFA
Value, special situations, bonds, newsletter provider

Booz Allen Hamilton STILL Looks Cheap

One year after paying a $7.50 per share dividend, Booz Allen Hamilton Holdings (NYSE:BAH) still looks cheap. The risks facing the company have increased, given the uncertainties still surrounding the federal debt and deficit and the sequester, but they appear to be manageable.

BAH reported fiscal 2014 second quarter GAAP earnings of $0.45 per share, compared with $0.27 last year. Excluding certain items, such as amortization of intangible assets and debt issuance costs, the company earned $0.47 per share, up 20.5% from $0.39 last year. Consensus estimates were $0.37 per share.

The increase in earnings came despite a small decline in revenues. Second quarter revenues were $1.38 billion, compared with $1.39 billion last year. This year's revenues benefited...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details