Wall Street analysts expect that Science Applications International Corporation (NYSE:SAIC) will announce $1.11 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Science Applications International Corporation’s earnings. The highest sales estimate is $1.12 billion and the lowest is $1.09 billion. Science Applications International Corporation also reported sales of $1.11 billion in the same quarter last year. The business is expected to announce its next quarterly earnings report on Thursday, December 14th.

According to Zacks, analysts expect that Science Applications International Corporation will report full year sales of $1.11 billion for the current financial year, with estimates ranging from $4.29 billion to $4.41 billion. For the next financial year, analysts expect that the company will report sales of $4.46 billion per share, with estimates ranging from $4.37 billion to $4.54 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Science Applications International Corporation.

Science Applications International Corporation (NYSE:SAIC) last announced its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Science Applications International Corporation had a net margin of 3.77% and a return on equity of 48.69%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share.

SAIC has been the topic of a number of research reports. Cowen and Company restated a “hold” rating and issued a $75.00 price objective on shares of Science Applications International Corporation in a report on Friday, September 8th. Seaport Global Securities restated a “buy” rating and issued a $80.00 price objective (down previously from $83.00) on shares of Science Applications International Corporation in a report on Friday, September 8th. Jefferies Group LLC downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $93.00 price objective on shares of Science Applications International Corporation in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $80.63.

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Science Applications International Corporation (NYSE SAIC) opened at 70.88 on Friday. The firm’s 50-day moving average is $67.45 and its 200-day moving average is $71.19. Science Applications International Corporation has a 12 month low of $60.21 and a 12 month high of $89.87. The firm has a market capitalization of $3.06 billion, a PE ratio of 19.80 and a beta of 1.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.75%. Science Applications International Corporation’s dividend payout ratio is 34.64%.

In other news, COO Nazzic S. Keene sold 18,772 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $68.85, for a total value of $1,292,452.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.94% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. lifted its position in 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 worth $103,000 after purchasing an additional 39 shares during the period. Envestnet Asset Management Inc. lifted its position in 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 worth $143,000 after purchasing an additional 47 shares during the period. Creative Planning lifted its position in 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 worth $1,153,000 after purchasing an additional 51 shares during the period. Arizona State Retirement System lifted its position in 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 worth $1,277,000 after purchasing an additional 100 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in Science Applications International Corporation by 3.5% in the second quarter. Teacher Retirement System of Texas now owns 3,521 shares of the information technology services provider’s stock worth $244,000 after purchasing an additional 119 shares during the period. 64.46% of the stock is owned by institutional investors.

About Science Applications International Corporation

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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