Science Applications International Corp (SAIC) Expected to Post Earnings of $1.15 Per Share

Wall Street analysts expect Science Applications International Corp (NYSE:SAIC) to report earnings of $1.15 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Science Applications International’s earnings. The highest EPS estimate is $1.26 and the lowest is $0.97. Science Applications International posted earnings of $1.13 per share in the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, June 6th.

On average, analysts expect that Science Applications International will report full-year earnings of $5.05 per share for the current year, with EPS estimates ranging from $4.50 to $5.59. For the next fiscal year, analysts forecast that the company will report earnings of $5.68 per share, with EPS estimates ranging from $5.10 to $6.69. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Science Applications International.

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

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Tuesday, February 12th. Citigroup assumed coverage on shares of Science Applications International in a report on Tuesday, February 19th. They issued a “buy” rating for the company. Vertical Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and increased their price target for the company from $83.00 to $108.00 in a report on Friday, March 29th. Drexel Hamilton reissued a “buy” rating and issued a $90.00 price target on shares of Science Applications International in a report on Thursday, January 24th. Finally, TheStreet downgraded shares of Science Applications International from a “b” rating to a “c+” rating in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Science Applications International presently has a consensus rating of “Buy” and a consensus price target of $89.25.

Shares of NYSE:SAIC traded up $0.30 during trading on Friday, reaching $78.60. 302,749 shares of the company’s stock traded hands, compared to its average volume of 387,247. The company has a quick ratio of 1.52, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. Science Applications International has a 12 month low of $58.19 and a 12 month high of $93.31. The company has a market cap of $4.61 billion, a PE ratio of 15.60, a P/E/G ratio of 2.82 and a beta of 1.52.

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.88%. This is a boost from Science Applications International’s previous quarterly dividend of $0.31. Science Applications International’s dividend payout ratio (DPR) is 29.37%.

In other Science Applications International news, CEO Anthony J. Moraco sold 1,803 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.05% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SAIC. Royce & Associates LP boosted its stake in Science Applications International by 23.6% during the 1st quarter. Royce & Associates LP now owns 696 shares of the information technology services provider’s stock worth $54,000 after acquiring an additional 133 shares during the last quarter. Creative Planning lifted its stake in Science Applications International by 1.0% in the first quarter. Creative Planning now owns 15,329 shares of the information technology services provider’s stock valued at $1,180,000 after buying an additional 152 shares in the last quarter. Fort L.P. lifted its stake in Science Applications International by 3.1% in the first quarter. Fort L.P. now owns 5,292 shares of the information technology services provider’s stock valued at $407,000 after buying an additional 157 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Science Applications International by 23.7% in the first 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 in the last quarter. Finally, US Bancorp DE lifted its stake in Science Applications International by 108.9% in the first quarter. US Bancorp DE now owns 397 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 69.53% of the company’s stock.

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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