Science Applications International Corp (SAIC) Expected to Announce Quarterly Sales of $1.61 Billion

Equities research analysts predict that Science Applications International Corp (NYSE:SAIC) will announce sales of $1.61 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Science Applications International’s earnings. The lowest sales estimate is $1.59 billion and the highest is $1.63 billion. Science Applications International posted sales of $1.18 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 36.4%. The company is scheduled to report its next quarterly earnings report on Tuesday, June 11th.

On average, analysts expect that Science Applications International will report full-year sales of $6.57 billion for the current fiscal year, with estimates ranging from $6.53 billion to $6.61 billion. For the next financial year, analysts forecast that the business will post sales of $6.76 billion, with estimates ranging from $6.72 billion to $6.80 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Science Applications International.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.28. The business had revenue of $1.19 billion for 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% compared to the same quarter last year. During the same quarter last year, the business earned $1.16 earnings per share.

Several equities research analysts have recently commented on the stock. Wells Fargo & Co reiterated a “hold” rating on shares of Science Applications International in a research report on Sunday, December 9th. Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Wednesday, January 2nd. Drexel Hamilton reaffirmed a “buy” rating and set a $90.00 target price on shares of Science Applications International in a report on Thursday, January 24th. ValuEngine upgraded shares of Science Applications International from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Finally, Citigroup assumed coverage on Science Applications International in a research note on Tuesday, February 19th. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $88.57.

Science Applications International stock traded down $0.33 during trading hours on Wednesday, reaching $75.58. 332,642 shares of the company’s stock traded hands, compared to its average volume of 490,469. The company has a market cap of $4.50 billion, a PE ratio of 15.00, a PEG ratio of 2.75 and a beta of 1.56. The company has a current ratio of 1.60, a quick ratio of 1.52 and a debt-to-equity ratio of 1.38. Science Applications International has a fifty-two week low of $58.19 and a fifty-two week high of $93.31.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a dividend of $0.37 per share. This is a positive change from Science Applications International’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.96%. Science Applications International’s dividend payout ratio (DPR) is presently 24.60%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in shares of Science Applications International by 4.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,677 shares of the information technology services provider’s stock worth $297,000 after purchasing an additional 208 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in Science Applications International by 0.6% during the fourth quarter. Retirement Systems of Alabama now owns 55,160 shares of the information technology services provider’s stock worth $3,514,000 after acquiring an additional 308 shares in the last quarter. Creative Planning grew its stake in Science Applications International by 2.4% in the fourth quarter. Creative Planning now owns 15,177 shares of the information technology services provider’s stock valued at $967,000 after acquiring an additional 357 shares during the period. Arizona State Retirement System grew its stake in Science Applications International by 1.3% in the fourth quarter. Arizona State Retirement System now owns 30,535 shares of the information technology services provider’s stock valued at $1,945,000 after acquiring an additional 397 shares during the period. Finally, Strs Ohio increased its holdings in shares of Science Applications International by 10.8% in the fourth quarter. Strs Ohio now owns 4,100 shares of the information technology services provider’s stock worth $261,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 69.53% of the company’s stock.

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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