Science Applications International (SAIC) Issues Earnings Results
Science Applications International (NYSE:SAIC) issued its quarterly earnings results on Thursday. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03, reports. Science Applications International had a return on equity of 48.69% and a net margin of 3.77%.
Science Applications International (NYSE SAIC) traded up $2.36 during midday trading on Thursday, hitting $75.43. The company had a trading volume of 840,536 shares, compared to its average volume of 318,260. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.23 and a current ratio of 1.41. Science Applications International has a 12 month low of $60.21 and a 12 month high of $89.87. The firm has a market cap of $3,168.23, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 4.13 and a beta of 1.60.
SAIC has been the topic of several recent analyst reports. Citigroup upgraded Science Applications International from a “neutral” rating to a “buy” rating in a research note on Monday, October 23rd. SunTrust Banks reiterated a “buy” rating and issued a $93.00 price target on shares of Science Applications International in a research note on Friday, October 6th. BidaskClub upgraded Science Applications International from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Seaport Global Securities reiterated a “buy” rating and issued a $80.00 price target (down previously from $83.00) on shares of Science Applications International in a research note on Friday, September 8th. Finally, Zacks Investment Research upgraded Science Applications International from a “sell” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $80.71.
Science Applications International 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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