Wall Street analysts expect Science Applications International Corp (NYSE:SAIC) to announce sales of $1.07 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Science Applications International’s earnings, with the lowest sales estimate coming in at $1.02 billion and the highest estimate coming in at $1.15 billion. Science Applications International reported sales of $1.03 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The company is expected to report its next quarterly earnings results on Thursday, March 29th.
On average, analysts expect that Science Applications International will report full-year sales of $1.07 billion for the current financial year, with estimates ranging from $4.34 billion to $4.42 billion. For the next fiscal year, analysts anticipate that the company will report sales of $4.47 billion per share, with estimates ranging from $4.41 billion to $4.52 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Science Applications International.
Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, December 7th. The information technology services provider reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.11 billion. Science Applications International had a net margin of 3.77% and a return on equity of 50.26%.
A number of analysts have recently weighed in on the stock. Jefferies Group reiterated a “hold” rating and set a $78.00 target price on shares of Science Applications International in a report on Monday, January 8th. Cowen restated a “hold” rating and issued a $72.00 price objective on shares of Science Applications International in a report on Friday, December 8th. BidaskClub lowered shares of Science Applications International from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Vertical Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Friday, December 8th. Finally, Zacks Investment Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Science Applications International has an average rating of “Hold” and an average price target of $82.38.
Science Applications International (SAIC) traded down $0.24 during trading on Friday, hitting $72.96. 163,905 shares of the stock were exchanged, compared to its average volume of 222,375. The company has a current ratio of 1.34, a quick ratio of 1.15 and a debt-to-equity ratio of 3.09. The stock has a market capitalization of $3,130.46, a price-to-earnings ratio of 19.63, a P/E/G ratio of 3.63 and a beta of 1.51. Science Applications International has a one year low of $60.21 and a one year high of $89.87.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, January 11th. Science Applications International’s dividend payout ratio is 34.07%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. We Are One Seven LLC bought a new position in shares of Science Applications International during the fourth quarter valued at approximately $124,000. Bank of Montreal Can increased its position in shares of Science Applications International by 73.8% during the fourth quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock valued at $128,000 after acquiring an additional 708 shares in the last quarter. Hayek Kallen Investment Management bought a new stake in shares of Science Applications International during the fourth quarter valued at approximately $215,000. Stifel Financial Corp increased its position in shares of Science Applications International by 4.6% during the second quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock valued at $203,000 after acquiring an additional 128 shares in the last quarter. Finally, Boston Family Office LLC bought a new stake in shares of Science Applications International during the fourth quarter valued at approximately $229,000. 65.60% of the stock is owned by institutional investors and hedge funds.
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Science Applications International Company Profile
Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.
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