Science Applications International Corp. (SAIC) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Science Applications International Corp. (NASDAQ:SAIC) released its earnings data on Tuesday. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02, Stock Ratings News reports. The company had revenue of $962.00 million for the quarter, compared to the consensus estimate of $946.35 million.
Shares of Science Applications International Corp. (NASDAQ:SAIC) opened at 39.72 on Tuesday. Science Applications International Corp. has a 52-week low of $29.40 and a 52-week high of $41.23. The stock has a 50-day moving average of $38.38 and a 200-day moving average of $36.65. The company has a market cap of $1.923 billion and a P/E ratio of 17.71.
On a related note, analysts at Wells Fargo & Co. upgraded shares of Science Applications International Corp. from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 9th. They now have a $26.00 price target on the stock, up previously from $24.00.
Science Applications International Corporation, formerly SAIC Gemini, Inc is a scientific, engineering, and technology applications company.
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