Equities analysts expect Science Applications International Corp (NYSE:SAIC) to report sales of $1.83 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Science Applications International’s earnings, with estimates ranging from $1.82 billion to $1.84 billion. Science Applications International reported sales of $1.63 billion in the same quarter last year, which would suggest a positive year over year growth rate of 12.3%. The company is expected to issue its next earnings report on Thursday, December 3rd.
On average, analysts expect that Science Applications International will report full-year sales of $7.15 billion for the current fiscal year, with estimates ranging from $7.13 billion to $7.17 billion. For the next financial year, analysts forecast that the firm will report sales of $7.62 billion, with estimates ranging from $7.49 billion to $7.73 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 posted its quarterly earnings results on Wednesday, September 2nd. The information technology services provider reported $1.63 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.19. Science Applications International had a return on equity of 25.96% and a net margin of 3.00%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company earned $1.35 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis.
Separately, Citigroup raised their price target on Science Applications International from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $100.00.
Science Applications International stock opened at $78.42 on Thursday. Science Applications International has a one year low of $45.45 and a one year high of $96.80. The business has a fifty day moving average price of $81.03 and a 200-day moving average price of $78.76. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.03 and a quick ratio of 0.90. The firm has a market capitalization of $4.56 billion, a P/E ratio of 22.80 and a beta of 1.02.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.48 dividend on an annualized basis and a yield of 1.89%. Science Applications International’s payout ratio is 26.15%.
In other news, CFO Charles Alexander Mathis purchased 1,450 shares of the stock in a transaction on Friday, July 10th. The shares were acquired at an average price of $69.80 per share, for a total transaction of $101,210.00. Following the completion of the transaction, the chief financial officer now directly owns 24,196 shares of the company’s stock, valued at approximately $1,688,880.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.86% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAIC. Point72 Hong Kong Ltd purchased a new stake in Science Applications International during the second quarter valued at about $29,000. Private Advisor Group LLC purchased a new stake in Science Applications International during the second quarter valued at about $34,000. US Bancorp DE raised its position in Science Applications International by 45.9% during the first quarter. US Bancorp DE now owns 566 shares of the information technology services provider’s stock valued at $41,000 after purchasing an additional 178 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Science Applications International by 48.2% in the first quarter. Meeder Asset Management Inc. now owns 1,561 shares of the information technology services provider’s stock worth $117,000 after buying an additional 508 shares during the period. Finally, Stephenson National Bank & Trust increased its holdings in shares of Science Applications International by 21.8% in the second quarter. Stephenson National Bank & Trust now owns 1,919 shares of the information technology services provider’s stock worth $149,000 after buying an additional 343 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.
About Science Applications International
Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services such as the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.
Featured Article: How is a buy-side analyst different from a sell-side analyst?
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
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.