Science Applications International (SAIC) Posts Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Science Applications International (NYSE:SAIC) announced its earnings results on Thursday. The information technology services provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.21, Bloomberg Earnings reports. Science Applications International had a return on equity of 57.27% and a net margin of 4.21%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm posted $0.98 EPS. The business’s revenue was up 2.8% compared to the same quarter last year.

Shares of Science Applications International stock traded up $0.16 during trading hours on Thursday, hitting $64.94. 393,000 shares of the company’s stock traded hands, compared to its average volume of 278,801. Science Applications International has a 12-month low of $63.15 and a 12-month high of $93.31. The firm has a market cap of $2.75 billion, a PE ratio of 18.40, a P/E/G ratio of 2.87 and a beta of 1.49. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.40 and a quick ratio of 1.24.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Science Applications International from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Vertical Research lowered Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research report on Tuesday, September 11th. Wells Fargo & Co reaffirmed a “hold” rating and set a $84.00 target price (down from $88.00) on shares of Science Applications International in a research report on Monday, September 10th. ValuEngine lowered Science Applications International from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, Drexel Hamilton raised Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Science Applications International has a consensus rating of “Hold” and a consensus target price of $86.86.



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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. Its 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.

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Earnings History for Science Applications International (NYSE:SAIC)

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