Science Applications International Corp (NYSE:SAIC) Expected to Announce Earnings of $1.43 Per Share

Analysts expect that Science Applications International Corp (NYSE:SAIC) will post $1.43 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Science Applications International’s earnings, with estimates ranging from $1.32 to $1.49. Science Applications International reported earnings per share of $1.35 during the same quarter last year, which suggests a positive year over year growth rate of 5.9%. The company is scheduled to issue its next earnings results after the market closes on Thursday, December 5th.

On average, analysts expect that Science Applications International will report full year earnings of $5.46 per share for the current financial year, with EPS estimates ranging from $5.33 to $5.55. For the next financial year, analysts expect that the business will report earnings of $6.21 per share, with EPS estimates ranging from $5.93 to $6.42. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Science Applications International.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.27 by $0.08. Science Applications International had a net margin of 2.71% and a return on equity of 23.15%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the business earned $1.13 earnings per share. Science Applications International’s revenue for the quarter was up 43.0% compared to the same quarter last year.

Several research firms have issued reports on SAIC. Cowen upgraded Science Applications International from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $92.00 to $102.00 in a report on Monday, September 9th. ValuEngine downgraded Science Applications International from a “sell” rating to a “strong sell” rating in a report on Friday, October 25th. JPMorgan Chase & Co. began coverage on Science Applications International in a report on Tuesday, September 24th. They set an “overweight” rating and a $102.00 price objective on the stock. Finally, Barclays began coverage on Science Applications International in a report on Friday, September 20th. They set an “overweight” rating and a $105.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Science Applications International has a consensus rating of “Buy” and an average target price of $98.50.

Science Applications International stock traded down $1.76 during midday trading on Friday, hitting $82.48. The company’s stock had a trading volume of 177,642 shares, compared to its average volume of 419,051. The stock’s 50-day moving average price is $82.50 and its 200-day moving average price is $83.26. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $4.85 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 2.80 and a beta of 1.31. Science Applications International has a 12 month low of $58.19 and a 12 month high of $92.49.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.48 annualized dividend and a yield of 1.79%. Science Applications International’s dividend payout ratio (DPR) is presently 29.37%.

In other Science Applications International news, Director John J. Hamre sold 10,000 shares of Science Applications International stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $86.43, for a total transaction of $864,300.00. Following the transaction, the director now owns 21,121 shares of the company’s stock, valued at approximately $1,825,488.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.64% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Strs Ohio grew its stake in shares of Science Applications International by 69.0% in the 2nd quarter. Strs Ohio now owns 9,800 shares of the information technology services provider’s stock valued at $848,000 after buying an additional 4,000 shares in the last quarter. Swiss National Bank grew its stake in shares of Science Applications International by 2.2% in the 2nd quarter. Swiss National Bank now owns 99,015 shares of the information technology services provider’s stock valued at $8,571,000 after buying an additional 2,100 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Science Applications International by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 36,938 shares of the information technology services provider’s stock valued at $3,197,000 after buying an additional 393 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Science Applications International in the 2nd quarter valued at approximately $40,457,000. Finally, Advisory Services Network LLC grew its stake in shares of Science Applications International by 54.5% in the 2nd quarter. Advisory Services Network LLC now owns 499 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 176 shares in the last quarter. 78.91% of the stock is currently owned by institutional investors.

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.

Featured Article: What does an equal weight rating mean?

Get a free copy of the Zacks research report on Science Applications International (SAIC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.