$1.09 Billion in Sales Expected for Science Applications International Corp (SAIC) This Quarter

Wall Street analysts expect that Science Applications International Corp (NYSE:SAIC) will post $1.09 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Science Applications International’s earnings. The lowest sales estimate is $1.02 billion and the highest is $1.15 billion. Science Applications International posted sales of $1.03 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The company is scheduled to report its next quarterly earnings report on Thursday, March 29th.

On average, analysts expect that Science Applications International will report full-year sales of $1.09 billion for the current year, with estimates ranging from $4.34 billion to $4.47 billion. For the next year, analysts forecast that the firm will report sales of $4.50 billion per share, with estimates ranging from $4.41 billion to $4.65 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Science Applications International.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, December 7th. The information technology services provider reported $0.97 earnings per share for the quarter, beating 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%.

SAIC has been the subject of a number of recent research reports. BidaskClub lowered Science Applications International from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Citigroup raised Science Applications International from a “neutral” rating to a “buy” rating in a research note on Monday, October 23rd. Vertical Research raised 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. Jefferies Group reissued a “hold” rating and issued a $66.00 target price on shares of Science Applications International in a research note on Tuesday, October 24th. Finally, Wells Fargo & Co raised Science Applications International from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Science Applications International presently has an average rating of “Hold” and an average price target of $82.38.

Science Applications International (NYSE:SAIC) traded up $0.64 during midday trading on Friday, hitting $77.52. The stock had a trading volume of 229,124 shares, compared to its average volume of 161,589. Science Applications International has a 12 month low of $60.21 and a 12 month high of $89.87. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.15 and a current ratio of 1.34. The company has a market cap of $3,315.22, a price-to-earnings ratio of 21.30, a PEG ratio of 4.18 and a beta of 1.60.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, January 11th. Science Applications International’s payout ratio is 34.07%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Science Applications International by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 5,096,976 shares of the information technology services provider’s stock valued at $353,833,000 after purchasing an additional 250,102 shares during the last quarter. BlackRock Inc. raised its position in Science Applications International by 1.4% during the 2nd quarter. BlackRock Inc. now owns 4,463,494 shares of the information technology services provider’s stock valued at $309,855,000 after purchasing an additional 60,206 shares during the last quarter. State Street Corp raised its position in Science Applications International by 4.8% during the 2nd quarter. State Street Corp now owns 1,503,586 shares of the information technology services provider’s stock valued at $104,381,000 after purchasing an additional 69,187 shares during the last quarter. Bank of New York Mellon Corp raised its position in Science Applications International by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 735,276 shares of the information technology services provider’s stock valued at $49,154,000 after purchasing an additional 29,387 shares during the last quarter. Finally, Northern Trust Corp raised its position in Science Applications International by 4.0% during the 2nd quarter. Northern Trust Corp now owns 730,339 shares of the information technology services provider’s stock valued at $50,700,000 after purchasing an additional 28,257 shares during the last quarter. 64.13% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “$1.09 Billion in Sales Expected for Science Applications International Corp (SAIC) This Quarter” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/21/1-09-billion-in-sales-expected-for-science-applications-international-corp-saic-this-quarter-2.html.

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.

Get a free copy of the Zacks research report on Science Applications International (SAIC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply