Equities research analysts expect that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) will report $1.11 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s earnings. The lowest sales estimate is $1.09 billion and the highest is $1.12 billion. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION also reported sales of $1.11 billion in the same quarter last year. The business is scheduled to issue its next earnings results on Thursday, December 14th.

On average, analysts expect that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will report full-year sales of $1.11 billion for the current fiscal year, with estimates ranging from $4.29 billion to $4.41 billion. For the next financial year, analysts anticipate that the firm will report sales of $4.44 billion per share, with estimates ranging from $4.37 billion to $4.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover SCIENCE APPLICATIONS INTERNATIONAL CORPORATION.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a return on equity of 48.69% and a net margin of 3.77%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company posted $0.85 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Seaport Global Securities restated a “buy” rating and set a $80.00 price target (down from $83.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Friday, September 8th. Wells Fargo & Company restated a “market perform” rating and set a $75.00 price target (down from $80.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Tuesday, June 13th. Jefferies Group LLC restated a “hold” rating and set a $66.00 price target on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Friday, July 14th. Finally, ValuEngine cut shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $80.00.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE SAIC) opened at 61.50 on Friday. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 17.13 and a beta of 1.64. The company’s 50-day moving average is $70.08 and its 200 day moving average is $74.55. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 12 month low of $60.21 and a 12 month high of $89.87.

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In other SCIENCE APPLICATIONS INTERNATIONAL CORPORATION news, insider Douglas Martin Wagoner sold 30,072 shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $68.95, for a total value of $2,073,464.40. Following the completion of the sale, the insider now directly owns 8,859 shares in the company, valued at $610,828.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 35,072 shares of company stock valued at $2,427,610 over the last quarter. Corporate insiders own 2.28% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ronna Sue Cohen lifted its stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.4% in the first quarter. Ronna Sue Cohen now owns 5,753 shares of the information technology services provider’s stock valued at $428,000 after acquiring an additional 21 shares during the last quarter. Sei Investments Co. raised its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.9% in the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after purchasing an additional 39 shares during the period. Envestnet Asset Management Inc. raised its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock valued at $143,000 after purchasing an additional 47 shares during the period. Creative Planning raised its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.3% in the second quarter. Creative Planning now owns 16,613 shares of the information technology services provider’s stock valued at $1,153,000 after purchasing an additional 51 shares during the period. Finally, Arizona State Retirement System raised its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.5% in the second quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock valued at $1,277,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 63.79% of the company’s stock.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Company Profile

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

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