Science Applications International (SAIC) Issues Earnings Results

Science Applications International (NYSE:SAIC) issued its earnings results on Thursday, March 28th. The information technology services provider reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.28, Briefing.com reports. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Science Applications International had a net margin of 2.94% and a return on equity of 32.34%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 EPS.

NYSE:SAIC traded up $0.59 during trading hours on Friday, reaching $73.01. 620,459 shares of the stock were exchanged, compared to its average volume of 563,995. Science Applications International has a twelve month low of $58.19 and a twelve month high of $93.31. The company has a quick ratio of 1.52, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The company has a market cap of $4.33 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.56.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 2.03%. This is an increase from Science Applications International’s previous quarterly dividend of $0.31. Science Applications International’s dividend payout ratio is 29.37%.

A number of research analysts have issued reports on the stock. TheStreet downgraded shares of Science Applications International from a “b” rating to a “c+” rating in a research report on Tuesday, April 9th. Zacks Investment Research cut Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Vertical Research raised Science Applications International from a “hold” rating to a “buy” rating and upped their price target for the company from $83.00 to $108.00 in a research note on Friday, March 29th. ValuEngine cut Science Applications International from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Science Applications International in a research note on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $88.57.

In other Science Applications International news, CEO Anthony J. Moraco sold 1,803 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total transaction of $135,225.00. Following the completion of the transaction, the chief executive officer now owns 59,151 shares of the company’s stock, valued at approximately $4,436,325. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.05% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIC. Royce & Associates LP acquired a new stake in shares of Science Applications International in the 4th quarter valued at approximately $36,000. Meeder Asset Management Inc. boosted its holdings 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 buying an additional 202 shares during the last quarter. Wilsey Asset Management Inc. acquired a new stake in shares of Science Applications International in the 4th quarter valued at approximately $144,000. NumerixS Investment Technologies Inc boosted its holdings in shares of Science Applications International by 30.4% in the 4th quarter. NumerixS Investment Technologies Inc now owns 3,001 shares of the information technology services provider’s stock valued at $188,000 after buying an additional 700 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Science Applications International in the 3rd quarter valued at approximately $243,000. 69.53% of the stock is owned by institutional investors.

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Science Applications International Company Profile

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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