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Stock Market & Financial Investment News

News Breaks
May 13, 2014
13:30 EDTBAHBooz Allen amends credit agreement to extend maturity, allow added debt
Booz Allen Hamilton disclosed earlier in a regulatory filing that on May 7 the company and its subsidiaries entered into the second amendment to its credit agreement with Bank of America, primarily to extend the maturity of the tranche A term loans, extend the termination date of the revolving commitments and borrow additional tranche A term loans. The interest rate applicable to the tranche A term loans is unchanged. The company also amended its ability to incur additional debt under an incremental term loan credit facility by changing the consolidated net secured leverage under which such incremental term loans may be incurred to less than or equal to 3.5:1.
News For BAH From The Last 14 Days
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January 28, 2015
09:59 EDTBAHOn The Fly: Analyst Upgrade Summary
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07:08 EDTBAHBooz Allen raises dividend 18% to 13c, increases buyback to $180M
Booz Allen authorized and declared an 18% increase in its regular quarterly dividend, which is now 13c per share, payable on February 27, to stockholders of record on February 10. The company also approved an increase to its share repurchase authorization from $30M to $180M.
07:04 EDTBAHBooz Allen narrows FY15 adjusted EPS view to $1.58-$1.62, consensus $1.63
For FY15, Booz Allen is increasing full year top line guidance and narrowing full year bottom line guidance. The company now expects a low-single digit percentage revenue decline. Consensus $5.28B. Now sees Adjusted Diluted EPS to be in the range of $1.58-$1.62 per share, reflecting an increase of 2c at the mid-point of both ranges.
07:03 EDTBAHGovernment Services upgraded to Market Weight at Wells Fargo
Wells Fargo upgraded the Government Services sector to Market Weight from Underweight citing a stable outlook for Federal Funding and an improved pace of award activity. Along with the sector, Wells upgraded Booz Allen (BAH), CACI (CACI), Leidos (LDOS), ManTech (MANT) and NCI, Inc. (NCIT) to Market Perform from Underperform. The firm keeps Market Perform ratings on ICF International (ICFI) and SAIC (SAIC).
07:02 EDTBAHBooz Allen reports Q3 adjusted EPS 36c, consensus 34c
Reports Q3 revenue $1.3B, consensus $1.27B. Funded backlog as of December 31, 2014, was $2.67B, compared with $2.5B as of December 31, 2013, an increase of 7.0%. Unfunded backlog at the close of the quarter was $2.67B, compared to $2.64B in the prior period, an increase of 1.4%. Booz Allenís total backlog, as of December 31, 2014, was $10.1B, compared with $10.4B as of December 31, 2013, reflecting a decline in priced options.
06:54 EDTBAHBooz Allen upgraded to Market Perform from Underperform at Wells Fargo
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January 27, 2015
15:35 EDTBAHNotable companies reporting before tomorrow's open
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