Science Applications International Corp (SAIC) Expected to Post Quarterly Sales of $1.07 Billion

Wall Street analysts expect that Science Applications International Corp (NYSE:SAIC) will report $1.07 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Science Applications International’s earnings, with estimates ranging from $1.02 billion to $1.15 billion. Science Applications International reported sales of $1.03 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.9%. The company is scheduled to report its next earnings results on Thursday, March 29th.

On average, analysts expect that Science Applications International will report full-year sales of $1.07 billion for the current year, with estimates ranging from $4.34 billion to $4.42 billion. For the next financial year, analysts expect that the business will report sales of $4.47 billion per share, with estimates ranging from $4.41 billion to $4.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Science Applications International.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, December 7th. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 equities analysts have issued reports on the company. Cowen restated a “hold” rating and set a $72.00 target price on shares of Science Applications International in a report on Friday, December 8th. Zacks Investment Research cut Science Applications International from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. Jefferies Group restated a “hold” rating and set a $78.00 target price on shares of Science Applications International in a report on Monday, January 8th. Wells Fargo & Co upgraded Science Applications International from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Wednesday, October 25th. Finally, BidaskClub upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $82.38.

Science Applications International (NYSE:SAIC) opened at $69.87 on Wednesday. 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 1-year low of $60.21 and a 1-year high of $89.87. The stock has a market capitalization of $2,990.00, a PE ratio of 19.14, a price-to-earnings-growth ratio of 3.55 and a beta of 1.50.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, January 11th. Science Applications International’s dividend payout ratio (DPR) is presently 33.97%.

Several large investors have recently added to or reduced their stakes in SAIC. Thrivent Financial For Lutherans lifted its stake in Science Applications International by 7.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 8,874 shares of the information technology services provider’s stock valued at $616,000 after acquiring an additional 620 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in Science Applications International by 1.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 24,407 shares of the information technology services provider’s stock valued at $1,694,000 after acquiring an additional 378 shares in the last quarter. California Public Employees Retirement System lifted its stake in Science Applications International by 8.9% in the 2nd quarter. California Public Employees Retirement System now owns 132,700 shares of the information technology services provider’s stock valued at $9,212,000 after acquiring an additional 10,900 shares in the last quarter. Virtu KCG Holdings LLC lifted its stake in Science Applications International by 165.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 7,891 shares of the information technology services provider’s stock valued at $548,000 after acquiring an additional 4,913 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new stake in Science Applications International in the 2nd quarter valued at approximately $391,000. Institutional investors and hedge funds own 63.09% of the company’s stock.

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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.

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

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