Science Applications International (SAIC) Issues Earnings Results, Beats Estimates By $0.28 EPS

Science Applications International (NYSE:SAIC) issued its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.28, Briefing.com reports. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Science Applications International had a return on equity of 32.34% and a net margin of 2.94%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 EPS.

Science Applications International stock opened at $74.51 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 1.52. Science Applications International has a one year low of $58.19 and a one year high of $93.31. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 2.70 and a beta of 1.56.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be paid a $0.37 dividend. The ex-dividend date is Thursday, April 11th. This is a boost from Science Applications International’s previous quarterly dividend of $0.31. This represents a $1.48 dividend on an annualized basis and a yield of 1.99%. Science Applications International’s dividend payout ratio (DPR) is 29.37%.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Science Applications International by 7.0% in the third quarter. Vanguard Group Inc. now owns 5,404,860 shares of the information technology services provider’s stock valued at $435,631,000 after purchasing an additional 352,533 shares during the period. Vanguard Group Inc increased its holdings in shares of Science Applications International by 7.0% in the third quarter. Vanguard Group Inc now owns 5,404,860 shares of the information technology services provider’s stock valued at $435,631,000 after purchasing an additional 352,533 shares during the period. BlackRock Inc. increased its holdings in shares of Science Applications International by 2.7% in the fourth quarter. BlackRock Inc. now owns 4,850,232 shares of the information technology services provider’s stock valued at $308,958,000 after purchasing an additional 127,029 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Science Applications International by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,068,009 shares of the information technology services provider’s stock valued at $68,031,000 after purchasing an additional 57,010 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Science Applications International by 14.9% in the third quarter. AQR Capital Management LLC now owns 807,873 shares of the information technology services provider’s stock valued at $65,115,000 after purchasing an additional 104,727 shares during the period. Institutional investors own 69.53% of the company’s stock.

A number of equities research analysts recently weighed in on SAIC shares. Citigroup started coverage on Science Applications International in a research note on Tuesday, February 19th. They set a “buy” rating for the company. Wells Fargo & Co restated a “hold” rating on shares of Science Applications International in a research note on Friday, January 11th. Drexel Hamilton reiterated a “buy” rating and issued a $90.00 price target on shares of Science Applications International in a research note on Thursday, January 24th. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Thursday, January 17th. Finally, ValuEngine upgraded Science Applications International from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $88.57.

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About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; 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 design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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Earnings History for Science Applications International (NYSE:SAIC)

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