FY2018 EPS Estimates for Science Applications International Corp (SAIC) Reduced by Analyst

Science Applications International Corp (NYSE:SAIC) – Investment analysts at Seaport Global Securities reduced their FY2018 earnings estimates for shares of Science Applications International in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst J. Sullivan now expects that the information technology services provider will post earnings of $3.66 per share for the year, down from their prior estimate of $3.80. Seaport Global Securities also issued estimates for Science Applications International’s Q4 2018 earnings at $0.80 EPS, Q2 2019 earnings at $0.92 EPS and Q4 2019 earnings at $1.05 EPS.

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

Science Applications International (NYSE:SAIC) opened at $77.52 on Monday. The company has a market cap of $3,315.21, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 4.22 and a beta of 1.60. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.15 and a current ratio of 1.34. Science Applications International has a 12-month low of $60.21 and a 12-month high of $89.87.

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

Several institutional investors and hedge funds have recently made changes to their positions in SAIC. Bank of Montreal Can increased its holdings in shares of Science Applications International by 73.8% in the 4th quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock valued at $128,000 after purchasing an additional 708 shares in the last quarter. GLG Partners LP acquired a new stake in Science Applications International in the 2nd quarter valued at about $143,000. Riverhead Capital Management LLC grew its stake in Science Applications International by 62.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock valued at $169,000 after acquiring an additional 930 shares during the last quarter. Stifel Financial Corp grew its stake in Science Applications International by 4.6% in the 2nd quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock valued at $203,000 after acquiring an additional 128 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new stake in Science Applications International in the 3rd quarter valued at about $221,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be issued 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 is presently 34.07%.

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About Science Applications International

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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