Science Applications International Corp (NYSE:SAIC) Expected to Post Earnings of $1.20 Per Share

Wall Street brokerages expect Science Applications International Corp (NYSE:SAIC) to report $1.20 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Science Applications International’s earnings. The highest EPS estimate is $1.38 and the lowest is $1.00. Science Applications International posted earnings of $1.13 per share during the same quarter last year, which suggests a positive year over year growth rate of 6.2%. The firm is expected to report its next quarterly earnings results on Monday, September 9th.

On average, analysts expect that Science Applications International will report full-year earnings of $5.22 per share for the current fiscal year, with EPS estimates ranging from $4.50 to $5.50. For the next fiscal year, analysts expect that the company will post earnings of $5.86 per share, with EPS estimates ranging from $5.15 to $6.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Science Applications International.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, June 6th. The information technology services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.15. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Science Applications International had a return on equity of 25.89% and a net margin of 2.80%. The firm’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS.

A number of research firms recently commented on SAIC. Morgan Stanley began coverage on Science Applications International in a research report on Monday, June 3rd. They set an “overweight” rating and a $96.00 price objective for the company. Wells Fargo & Co lifted their price objective on Science Applications International from $70.00 to $77.00 and gave the stock a “market perform” rating in a research report on Friday, March 29th. Goldman Sachs Group began coverage on Science Applications International in a research report on Thursday, May 9th. They set a “neutral” rating and a $77.00 price objective for the company. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Wednesday, March 6th. Finally, Citigroup began coverage on Science Applications International in a research report on Tuesday, February 19th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $95.00.

In other Science Applications International news, CEO Anthony J. Moraco sold 1,803 shares of Science Applications International stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $75.00, for a total value of $135,225.00. Following the completion of the sale, the chief executive officer now owns 59,151 shares in the company, valued at approximately $4,436,325. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.05% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in Science Applications International by 6,740.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 342 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 337 shares in the last quarter. US Bancorp DE raised its position in shares of Science Applications International by 108.9% in the 1st quarter. US Bancorp DE now owns 397 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 207 shares in the last quarter. Royce & Associates LP acquired a new position in shares of Science Applications International in the 4th quarter valued at approximately $36,000. Advisor Group Inc. raised its position in shares of Science Applications International by 470.1% in the 1st quarter. Advisor Group Inc. now owns 952 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 785 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Science Applications International by 23.7% in the 1st quarter. Meeder Asset Management Inc. now owns 1,053 shares of the information technology services provider’s stock valued at $81,000 after purchasing an additional 202 shares in the last quarter. 76.92% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International stock opened at $86.53 on Friday. The stock has a market cap of $5.09 billion, a P/E ratio of 17.17, a P/E/G ratio of 3.00 and a beta of 1.39. Science Applications International has a 52 week low of $58.19 and a 52 week high of $93.31. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.30 and a quick ratio of 1.18.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, July 11th. Science Applications International’s dividend payout ratio (DPR) is 29.37%.

Science Applications International Company Profile

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.

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

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