Latest news with #BoozAllenHamilton
Technical.ly
3 days ago
- Business
- Technical.ly
Anti-DEI attacks haven't scared all WorldPride sponsors away
This year, LGBTQ+ people in the US must celebrate Pride festivities against the backdrop of widespread federal actions targeting them. The ramifications are clear enough in the nation's capital that the organizers of WorldPride, a globally rotating celebration that is hosted in DC in 2025, warned trans people about traveling to the US for the events. Major corporations also notably backed out of sponsoring WorldPride — but a bulk are staying to raise money for nonprofits, host drag brunches and walk in the official parade. Various corporations originally sponsoring WorldPride, which takes place every two years, pulled their funding and support during a cultural and governmental crackdown on diversity, equity and inclusion (DEI) programs across the US. Moves from these companies, including Booz Allen Hamilton and Deloitte, resulted in organizers slashing the original $20 million budget for WorldPride by 25%, the 51st reported. Other corporations outside of these sponsors, like Target and Walmart, are removing some of their DEI initiatives. Some sponsors see this period of political turmoil, marked with anti-LGBTQ+ actions like firing transgender service members and defunding gender affirming care, as an opportune time to lean in. Kendra Lee is the senior director of community engagement and social strategy at Urban Adventures Companies, a group of seven businesses whose constituent company, Vida Fitness, frequently sponsors local Capital Pride events. She affirmed that their commitment to WorldPride and inclusion broadly isn't wavering. 'Supporting LGBTQ+ people is not controversial to us — it's essential. Our policies, benefits, and culture are grounded in inclusion, and that doesn't change based on political shifts,' Lee told 'If anything, this climate has made it more urgent for companies to step up, not pull back.' Booz Allen Hamilton, based in McLean, cited President Donald Trump's executive order against DEI, and its work in government contracting could make the major corporation out of compliance. Deloitte, another government contractor, also pulled out of WorldPride. Neither corporation responded to requests for comment. DC isn't the only place dealing with this mix of corporate fallout and political tension during Pride season. Comcast, cited in reports as another departed sponsor of WorldPride, cancelled its backing of San Francisco Pride. Mastercard pulled out of NYC Pride. But some companies of varying sizes, including several with corporate headquarters in the region, are still leaning into sponsoring WorldPride. reached out to nearly 50 corporations sponsoring the extensive series of events, which began in May and runs through June 8. Only six responded. JPMorgan Chase, Morgan Stanley and Airbus declined to comment. About 40 of the remaining sponsors did not answer requests for comment. WorldPride also didn't respond to questions. Sponsors pledge financial, other support beyond June Vida Fitness is raising $200,000 for LGBTQ+ nonprofits during WorldPride. They've also organized Pride-themed fitness classes and will have two floats during the official parade on June 7. Lee also noted their work doesn't end when June is over: Vida Fitness donates to local groups including the LGBTQ+ nonprofit SMYAL and Capital Pride Alliance, which organizes the annual Capital Pride. 'We're aware that corporate support during Pride can be seen as superficial if it isn't backed by action,' she said. 'That's why we aim to build long-term relationships with the community we serve, not just short-term campaigns.' H&M also made this financial support a priority. The fashion giant has donated $1 million to The Trevor Project, among other nonprofits focused on LGBTQ+ rights. Corporations are also providing services as part of sponsorships. Lime, the e-scooter and bike company, is offering free rides for festival staff, volunteers and performers. 'We saw this partnership as an opportunity to visibly and tangibly show up for the LGBTQIA+ community in a city where Lime has developed deep connections over the past several years,' said Erika Duthely, the company's director of government relations. 'It is an extension of our core value that everyone should have access to safe and convenient transportation to get where they need to go, to where they feel comfortable, or to those they love.' LGBTQ+ hospitality company Vacaya is taking more of an active role in programming, with its drag entertainer troupe performing at a sold-out brunch on June 8. Cofounder and CMO Patrick Gunn said he hasn't received pushback for his company's involvement in WorldPride. If anything, he's seen more support and had more people than before ask to walk with Vacaya in the parade. 'We'll never be intimidated or silenced by threats from those with a weak desire to suppress diversity and inclusion,' Gunn told 'Our commitment to equality and community is unwavering, regardless of the political climate.' Representatives of Giant Food and Pepco, both of which are locally headquartered, similarly said being inclusive is a service to both customers and workers. 'Founded in Washington, DC in 1936, for almost 90 years Giant has actively supported the communities we serve through a variety of initiatives,' said Felis Andrade, director of external communications community relations for DC, Maryland, Virginia and Delaware at Prince George's County-based Giant Food. 'Pride events reflect that support and are a part of the company's long-standing commitment to our customers and our 19,000 associates.' 'We believe that everyone deserves a space to thrive and that building a cleaner and brighter future starts with empowering the communities we serve,' said Chuck McDade, a senior communications specialist at Pepco, 'and the team members who drive our mission forward.'
CNBC
3 days ago
- Business
- CNBC
Cramer says 'be ready for disappointment' as the White House continues to shape market action
CNBC's Jim Cramer reviewed Monday's market action, chalking up the day's performance to expectations about the White House's next move. He advised that investors prepare for turbulence, even as some on Wall Street continue to have optimism about President Donald Trump's impact on big business. "We have to be ready for disappointment, because we've seen it over and over and over again," he said. "This administration is perfectly willing to disappoint the stock market…to advance their agenda, and it's foolish that you should believe otherwise." According to Cramer, the past two sessions have been shaped by changing notions of trade relations between the U.S. and China. After opening lower on Monday, stocks managed to finish in the green by close. Cramer said Wall Street was encouraged after a senior White House official told CNBC that Trump is set to meet with Chinese President Xi Jinping very soon. Cramer remarked that with one report, "the market did an entire 180." He speculated about whether the president is content to have "a genuine trade peace with China," even as investors are largely hopeful Trump will change course and loosen restrictions on semiconductor exports to the country. But Cramer noted that there are still broader fears pushing a number of stocks down. Dell reported a strong quarter last week. According to Cramer, shares later dipped in part because investors worried about the administration's push to squeeze federal contractors — many of whom buy equipment from the company. Government contractor Booz Allen Hamilton has also seen its stock get crushed, he continued. New tariffs have also spurred the declines of many U.S. outfits with major suppliers abroad, including Gap and Apple, Cramer added. "We're always one posting, one whisper away from rallying or declining," Cramer said. "As long as we recognize that the President's in control of the stock market — at least, when he wants to be — we can make sense of this tape." The White House did not immediately respond to request for comment. Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
Yahoo
30-05-2025
- Business
- Yahoo
Why Booz Allen Hamilton Stock Fell Today
Following last week's disappointing earnings outlook, Wall Street analysts downgraded shares today. The stock is beginning to look quite cheap on a long-term basis. 10 stocks we like better than Booz Allen Hamilton › Shares of government technology consultancy Booz Allen Hamilton (NYSE: BAH) fell on Wednesday, down as much as 4.9% before recovering modestly to a 4% decline as of 1:37 p.m. ET. Booz Allen sold off by a double-digit number last Friday following its fiscal-fourth-quarter earnings release, before recovering a bit yesterday. But today, sell-side analysts downgraded their ratings and price targets, and these delayed negative takes from last week's earnings appear to be sending shares down again today. Today, analysts at Goldman Sachs downgraded Booz Allen Hamilton shares from neutral to sell, while lowering the firm's price target on shares from $108 to $94. As of this writing, Booz Allen's stock price is $104.75. The Goldman analysts downgraded shares because they now see medium-term earnings growth as "flat," given the new outlook from management on last Friday's conference call with analysts. On that call, management noted that it sees revenue growth between 0% and 4% in fiscal 2026 (ending in March 2026), down from 12.4% last year, with an adjusted (non-GAAP) earnings range of $6.20 to $6.55. That compares with $6.35 earnings last year. If by "the medium term" Goldman means the one-year outlook, it's right on that front. And if that remains the growth rate for Booz Allen going forward, then yes, the current multiple of around 16.5 could be correct, or even a little high. Goldman seems a bit short-term-oriented and pessimistic here, assuming this year's DOGE cuts are a one-time reset. Booz Allen projected a low double-digit decline in its civil business this year, which makes up 35% of its revenue. But that means its defense and intelligence businesses, which make up 65% of revenue, are still likely to grow in the double digits, in order for the whole company to reach management's 2% overall growth projection. Of note, Booz Allen has grown at an 11.7% organic rate over the past three years. But if the civil business stabilizes after this year, it seems like Booz Allen should continue to resume its prior growth rate in 2027. That means its P/E multiple could go back to the low-20s, which has been about its average over the past decade. Thus, long-term-oriented investors may wish to look at Booz Allen shares on this recent weakness. Before you buy stock in Booz Allen Hamilton, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Booz Allen Hamilton wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Billy Duberstein and/or his clients have positions in Booz Allen Hamilton and has the following options: short December 2025 $55 puts on Booz Allen Hamilton. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool recommends Booz Allen Hamilton. The Motley Fool has a disclosure policy. Why Booz Allen Hamilton Stock Fell Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
This Key Palantir Partner Was a Victim of DOGE Cuts, but Now the Stock's a Bargain
Booz Allen has been perceived as vulnerable to DOGE cuts, given that 100% of its business relates to government consulting. Last Friday, the company forecast a decline for its Civil division in the year ahead as a result. But its Defense and Intelligence segments are thriving, and the stock now looks cheap. 10 stocks we like better than Booz Allen Hamilton › Elon Musk recently stated he was going to "significantly" cut back his time at the newly established Department of Government Efficiency (DOGE). While the DOGE initiative is officially sanctioned to run through July 4, 2026, a lot of the prospective cuts to government funding have already been reviewed. As such, it's probably a good time to look at government-oriented consultancy stocks that have sold off in the recent austerity push. Perhaps no other consultant has been demonized as much as Booz Allen Hamilton (NYSE: BAH), just due to the fact that it gets 100% of its business from the U.S. government. But that exposure is because of Booz's mission-critical position at the nexus of Defense, Intelligence, and leading-edge tech. For instance, Palantir (NASDAQ: PLTR) inked a big partnership with Booz Allen last December to implement its AI software for Defense agencies. Last week, Booz Allen's stock sold off to 52-week lows on its fiscal fourth-quarter earnings call, revealing some near-term declines in one of its segments due to DOGE. However, the one-time reset and sell-off could be a great opportunity for long-term investors to buy the stock of this high-quality U.S. government supplier. Booz Allen sold off after management predicted a decline in its Civil agencies business as a result of DOGE cuts and slower government procurement. Booz Allen now predicts low double-digit declines in that segment this year and announced it would lay off around 7% of its workforce as a result. In its recently completed fiscal 2025, Booz Allen got 35% of its revenue from its Civil business, while the remaining 65% was divided between Defense (49%) and Intelligence (16%). The positive is that it doesn't appear Booz Allen's Defense and Intelligence franchises will be affected. After all, even the recent budget passed by the Republican-controlled House of Representatives provided for a $150 billion increase to the defense budget, amounting to a high-teens growth figure. In fact, even though Booz Allen sees a low double-digit decline in its Civil business in fiscal 2026, the company still guided for overall 0% to 4% companywide growth this year. That means the Defense and Intelligence franchises will likely grow by double digits, in line with overall budget growth and in line with the past few years. With partnerships with top AI and tech companies like Palantir and all three of the major cloud giants, Booz Allen is at the heart of adapting the latest and greatest commercial innovations into usable products for government and defense agencies. Booz's main technologies involve key strategic areas like artificial intelligence, cybersecurity, digital transformation, space exploration, and next-gen technologies, including quantum computing. Moreover, management pointed out the company's strong footprint in key areas within these categories, such as China-related defense, the southern border, and potentially the recently announced "Golden Dome" defense project, regarding which CEO Horacio Rozanski said, "We believe we have unique technology and capability to bring to bear." Needless to say, the U.S. can't really fall behind in these critical areas, which likely means these segments will continue growing strongly. Looking forward to its guidance for the fiscal year ahead, management expects Booz Allen to earn between $6.20 and $6.55 in non-GAAP (adjusted) EPS, relative to the $6.35 Booz Allen earned in the recently completed year. That puts the company's forward P/E ratio at about 16.9, much lower than the peak reached last year when the company's growth outlook was unimpeded and still significantly lower than the low-20s average of the past 10 years or so. However, assuming the pullback in the Civil business is a one-time reset, earnings should continue to grow strongly beyond the first half of this year. It should be noted that Booz Allen has been overdelivering compared to its long-term targets over the past three years, growing its top line at 11.7% versus initial targets of 5% to 8% while also expanding margins. When combined with a continued share repurchase program -- Booz Allen retired 4.3% of its stock last year -- it's not a stretch to see earnings growing at a mid- to high-teens level once the reset on the Civil business is behind it. Analysts still see Booz Allen continuing to grow earnings in fiscal 2027 (ending in March 2027), with an average estimate of $7.46 per share and the highest estimate at $7.90. Even putting just a 20 P/E multiple on those earnings, the low end of historical, would put the stock around $150 versus $108 today. Add in the company's 2% dividend, and Booz Allen seems to be a solid value pick after its post-earnings pullback. Before you buy stock in Booz Allen Hamilton, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Booz Allen Hamilton wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Billy Duberstein and/or his clients positions in Booz Allen Hamilton and has the following options: short December 2025 $55 puts on Booz Allen Hamilton. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool recommends Booz Allen Hamilton. The Motley Fool has a disclosure policy. This Key Palantir Partner Was a Victim of DOGE Cuts, but Now the Stock's a Bargain was originally published by The Motley Fool
Yahoo
28-05-2025
- Business
- Yahoo
Goldman Sachs Downgrades Booz Allen Hamilton to Sell, Cuts PT
Goldman Sachs downgraded Booz Allen Hamilton Holding Corporation (NYSE:BAH) from Neutral to Sell on May 28. The firm also slashed the price target to $94 from $108. According to the firm's analysts, Booz Allen Hamilton's (NYSE:BAH) space for revenue and earnings growth is limited. As such, there is no incentive for investors to pile into the stock. A key factor that the analysts cited for the gloomy earnings expectations is that they anticipate pressures on federal civilian spending and shifting priorities within the Department of Defense (DoD). A professional banker in a suit consulting with a small business owner in an office. Goldman Sachs also expressed concerns about potential risks to profit margins due to changes in contract structures. The firm noted that Booz Allen Hamilton (NYSE:BAH) trades at 17 times price-to-earnings and 12 times EBITDA on calendar year 2026 estimates. Goldman Sachs' analysis indicates that valuation levels could decline if Booz Allen Hamilton's earnings fail to trend upward. The firm maintains a cautious stance, warning investors about potential downside risks to the stock's future performance. Interestingly, the downgrade comes just days after Booz Allen Hamilton (NYSE:BAH) reported robust Q4 and full-year 2025 earnings results. For instance, the company posted a record Q4 backlog of $37 billion and a trailing 12-month book-to-bill ratio of 1.39x. It also managed 12.4% revenue growth to $12.0 billion and adjusted diluted EPS of $6.35, a 15.5% increase. Booz Allen Hamilton (NYSE:BAH) is a global consulting and technology firm. It provides a broad range of services that support defense, intelligence, civil government, and commercial sectors like healthcare, energy, and finance. While we acknowledge the potential of Booz Allen Hamilton Holding Corporation (NYSE:BAH) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BAH and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Sign in to access your portfolio
