FY2020 EPS Estimates for Science Applications International Co. (SAIC) Reduced by Jefferies Group

Science Applications International Co. (NYSE:SAIC) – Equities researchers at Jefferies Group lowered their FY2020 EPS estimates for Science Applications International in a research note issued to investors on Monday, April 2nd. Jefferies Group analyst S. Kahyaoglu now forecasts that the information technology services provider will earn $4.15 per share for the year, down from their prior estimate of $4.90. Jefferies Group currently has a “Hold” rating and a $83.00 target price on the stock.

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Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, March 29th. The information technology services provider reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.35. Science Applications International had a net margin of 4.02% and a return on equity of 55.88%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $0.79 earnings per share. Science Applications International’s revenue for the quarter was up 10.2% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. ValuEngine upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Cowen restated a “hold” rating and set a $72.00 price target on shares of Science Applications International in a report on Friday, December 8th. Finally, Vertical Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $81.86.

SAIC stock opened at $81.98 on Thursday. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.37 and a quick ratio of 1.18. Science Applications International has a 52-week low of $60.21 and a 52-week high of $88.49. The stock has a market cap of $3,562.82, a price-to-earnings ratio of 24.17, a PEG ratio of 3.89 and a beta of 1.41.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its stake in shares of Science Applications International by 54.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 435,994 shares of the information technology services provider’s stock valued at $29,147,000 after buying an additional 154,429 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Science Applications International by 8.3% in the third quarter. JPMorgan Chase & Co. now owns 325,918 shares of the information technology services provider’s stock valued at $21,739,000 after buying an additional 25,075 shares during the period. Teachers Advisors LLC lifted its stake in shares of Science Applications International by 255.3% in the fourth quarter. Teachers Advisors LLC now owns 314,407 shares of the information technology services provider’s stock valued at $24,074,000 after buying an additional 225,922 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of Science Applications International by 11.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 271,732 shares of the information technology services provider’s stock valued at $20,807,000 after buying an additional 27,319 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Science Applications International by 132.4% in the fourth quarter. Wells Fargo & Company MN now owns 223,546 shares of the information technology services provider’s stock valued at $17,117,000 after buying an additional 127,346 shares during the period. Institutional investors and hedge funds own 64.63% of the company’s stock.

In other Science Applications International news, CEO Anthony J. Moraco sold 80,000 shares of the company’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $82.88, for a total transaction of $6,630,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.94% of the stock is owned by corporate insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, April 12th. Science Applications International’s dividend payout ratio (DPR) is 35.13%.

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About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's 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.

Earnings History and Estimates for Science Applications International (NYSE:SAIC)

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