Science Applications International Corp Expected to Earn Q1 2019 Earnings of $0.97 Per Share (SAIC)

Science Applications International Corp (NYSE:SAIC) – Equities researchers at Seaport Global Securities lifted their Q1 2019 earnings per share estimates for shares of Science Applications International in a research report issued on Thursday. Seaport Global Securities analyst J. Sullivan now expects that the information technology services provider will post earnings per share of $0.97 for the quarter, up from their previous estimate of $0.96. Seaport Global Securities also issued estimates for Science Applications International’s Q3 2019 earnings at $1.07 EPS.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, December 7th. The information technology services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. Science Applications International had a return on equity of 50.26% and a net margin of 3.77%.

A number of other equities analysts also recently commented on the company. Jefferies Group restated a “hold” rating and issued a $78.00 price objective on shares of Science Applications International in a report on Monday, January 8th. Zacks Investment Research downgraded Science Applications International from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. Cowen restated a “hold” rating and issued a $72.00 price objective on shares of Science Applications International in a report on Friday, December 8th. Vertical Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Friday, December 8th. Finally, BidaskClub lowered Science Applications International from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Science Applications International currently has an average rating of “Hold” and an average price target of $82.38.

Science Applications International (NYSE SAIC) traded up $0.64 during trading on Friday, hitting $77.52. The stock had a trading volume of 232,103 shares, compared to its average volume of 197,031. The stock has a market cap of $3,320.00, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 4.22 and a beta of 1.61. The company has a current ratio of 1.34, a quick ratio of 1.15 and a debt-to-equity ratio of 3.09. Science Applications International has a 52 week low of $60.21 and a 52 week high of $89.87.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.60%. Science Applications International’s dividend payout ratio (DPR) is currently 33.97%.

Hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in shares of Science Applications International by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 96,379 shares of the information technology services provider’s stock valued at $6,690,000 after buying an additional 1,928 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Science Applications International by 2.8% in the second quarter. Royal Bank of Canada now owns 32,326 shares of the information technology services provider’s stock valued at $2,243,000 after buying an additional 871 shares in the last quarter. State Street Corp grew its stake in shares of Science Applications International by 4.8% in the second quarter. State Street Corp now owns 1,503,586 shares of the information technology services provider’s stock valued at $104,381,000 after buying an additional 69,187 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Science Applications International by 40.1% in the third quarter. Mutual of America Capital Management LLC now owns 101,605 shares of the information technology services provider’s stock valued at $6,792,000 after buying an additional 29,092 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Science Applications International by 9.7% in the second quarter. Wells Fargo & Company MN now owns 102,243 shares of the information technology services provider’s stock valued at $7,098,000 after buying an additional 9,038 shares in the last quarter. Institutional investors and hedge funds own 64.13% of the company’s stock.

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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.

Earnings History and Estimates for Science Applications International (NYSE:SAIC)

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