Equities analysts expect Science Applications International Corp (NYSE:SAIC) to report $1.25 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Science Applications International’s earnings. The highest EPS estimate is $1.34 and the lowest is $1.17. Science Applications International reported earnings of $1.13 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 10.6%. The firm is expected to issue its next earnings results on Monday, September 9th.
On average, analysts expect that Science Applications International will report full-year earnings of $5.41 per share for the current year, with EPS estimates ranging from $5.18 to $5.60. For the next fiscal year, analysts anticipate that the company will report earnings of $6.09 per share, with EPS estimates ranging from $5.66 to $6.40. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Science Applications International.
Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, June 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.15. Science Applications International had a return on equity of 25.89% and a net margin of 2.80%. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. The firm’s quarterly revenue was up 37.4% compared to the same quarter last year.
A number of research firms have issued reports on SAIC. Morgan Stanley began coverage on Science Applications International in a research report on Monday, June 3rd. They set an “overweight” rating and a $96.00 price target for the company. Wells Fargo & Co boosted their price target on Science Applications International from $70.00 to $77.00 and gave the company a “market perform” rating in a research report on Friday, March 29th. Goldman Sachs Group began coverage on Science Applications International in a research report on Thursday, May 9th. They set a “neutral” rating and a $77.00 price target for the company. Zacks Investment Research raised Science Applications International from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Wednesday, March 6th. Finally, Citigroup began coverage on Science Applications International in a research report on Tuesday, February 19th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Science Applications International has a consensus rating of “Buy” and a consensus price target of $95.00.
In other Science Applications International news, CEO Anthony J. Moraco sold 1,803 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $75.00, for a total transaction of $135,225.00. Following the transaction, the chief executive officer now owns 59,151 shares in the company, valued at $4,436,325. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.05% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust lifted its stake in shares of Science Applications International by 6,740.0% in 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 in the last quarter. US Bancorp DE lifted its stake in shares of 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 worth $31,000 after acquiring an additional 207 shares in the last quarter. Royce & Associates LP acquired a new position in shares of Science Applications International in the fourth quarter worth about $36,000. Advisor Group Inc. lifted its stake in shares of Science Applications International by 470.1% in 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 in the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of 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 worth $81,000 after acquiring an additional 202 shares in the last quarter. Institutional investors own 76.92% of the company’s stock.
SAIC stock traded up $0.77 during trading on Friday, reaching $86.42. 14,562 shares of the stock traded hands, compared to its average volume of 468,367. Science Applications International has a 52-week low of $58.19 and a 52-week high of $93.31. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.29. The company has a market cap of $5.12 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 2.85 and a beta of 1.40.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Thursday, July 11th. Science Applications International’s dividend payout ratio is presently 29.37%.
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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