Wall Street analysts expect Science Applications International Corp (NYSE:SAIC) to announce sales of $1.62 billion for the current quarter, Zacks reports. Five analysts have provided estimates for Science Applications International’s earnings. The highest sales estimate is $1.63 billion and the lowest is $1.60 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 37.3%. The firm is expected to report its next earnings report before the market opens on Thursday, June 6th.
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 $6.55 billion to $6.61 billion. For the next fiscal year, analysts anticipate that the business will post sales of $6.76 billion, with estimates ranging from $6.75 billion to $6.80 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Science Applications International.
Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.17 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted $1.16 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year.
Shares of SAIC stock traded up $1.47 during trading hours on Friday, hitting $78.72. 336,911 shares of the company were exchanged, compared to its average volume of 461,136. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.52 and a current ratio of 1.60. 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 $4.66 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 2.84 and a beta of 1.52.
The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were given a dividend of $0.37 per share. This is a boost from Science Applications International’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.88%. Science Applications International’s dividend payout ratio (DPR) is presently 29.37%.
In related news, CEO Anthony J. Moraco sold 1,803 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $75.00, for a total transaction of $135,225.00. Following the sale, the chief executive officer now owns 59,151 shares in the company, valued at $4,436,325. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.05% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAIC. Parkside Financial Bank & Trust raised its stake in Science Applications International by 6,740.0% during the first 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 during the period. US Bancorp DE raised its stake in Science Applications International by 108.9% during the first quarter. US Bancorp DE now owns 397 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 207 shares during the period. Royce & Associates LP acquired a new stake in Science Applications International during the fourth quarter worth about $36,000. Advisor Group Inc. raised its stake in Science Applications International by 470.1% during the first quarter. Advisor Group Inc. now owns 952 shares of the information technology services provider’s stock worth $74,000 after acquiring an additional 785 shares during the period. Finally, Meeder Asset Management Inc. raised its stake in Science Applications International by 23.7% during the first quarter. Meeder Asset Management Inc. now owns 1,053 shares of the information technology services provider’s stock worth $81,000 after acquiring an additional 202 shares during the period. Hedge funds and other institutional investors own 64.63% 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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