Science Applications International Corporation (SAIC) Expected to Post Quarterly Sales of $1.11 Billion

Equities research analysts expect that Science Applications International Corporation (NYSE:SAIC) will announce $1.11 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Science Applications International Corporation’s earnings, with the highest sales estimate coming in at $1.12 billion and the lowest estimate coming in at $1.09 billion. Science Applications International Corporation also posted sales of $1.11 billion during the same quarter last year. The company is scheduled to issue its next earnings results after the market closes on Thursday, December 7th.

On average, analysts expect that Science Applications International Corporation will report full-year sales of $1.11 billion for the current year, with estimates ranging from $4.29 billion to $4.41 billion. For the next year, analysts anticipate that the business will post sales of $4.46 billion per share, with estimates ranging from $4.37 billion to $4.54 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Science Applications International Corporation.

Science Applications International Corporation (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). Science Applications International Corporation had a net margin of 3.77% and a return on equity of 48.69%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business earned $0.85 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis.

A number of research analysts recently weighed in on SAIC shares. BidaskClub lowered Science Applications International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. Cowen and Company reissued a “hold” rating and issued a $75.00 target price on shares of Science Applications International Corporation in a report on Friday, September 8th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $93.00 target price on shares of Science Applications International Corporation in a report on Friday, October 6th. Wells Fargo & Company raised Science Applications International Corporation from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Wednesday, October 25th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $66.00 target price on shares of Science Applications International Corporation in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $80.71.

Science Applications International Corporation (NYSE:SAIC) traded down $0.37 during mid-day trading on Friday, reaching $68.24. The company had a trading volume of 212,200 shares, compared to its average volume of 320,785. Science Applications International Corporation has a one year low of $60.21 and a one year high of $89.87. The company has a current ratio of 1.41, a quick ratio of 1.23 and a debt-to-equity ratio of 3.10. The company has a market cap of $2,966.73, a price-to-earnings ratio of 18.69, a PEG ratio of 3.86 and a beta of 1.62.

The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, October 12th. This represents a $1.24 annualized dividend and a yield of 1.82%. Science Applications International Corporation’s dividend payout ratio (DPR) is presently 34.64%.

In other news, COO Nazzic S. Keene sold 18,772 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $68.85, for a total value of $1,292,452.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.94% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of Science Applications International Corporation in the third quarter valued at about $1,050,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Science Applications International Corporation 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 worth $29,147,000 after purchasing an additional 154,429 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Science Applications International Corporation by 8.3% in the third quarter. JPMorgan Chase & Co. now owns 325,918 shares of the information technology services provider’s stock worth $21,739,000 after purchasing an additional 25,075 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Science Applications International Corporation by 10.2% in the third quarter. Legal & General Group Plc now owns 55,588 shares of the information technology services provider’s stock worth $3,716,000 after purchasing an additional 5,129 shares during the last quarter. Finally, American International Group Inc. increased its holdings in shares of Science Applications International Corporation by 2.8% in the third quarter. American International Group Inc. now owns 118,790 shares of the information technology services provider’s stock worth $7,941,000 after purchasing an additional 3,186 shares during the last quarter. Institutional investors and hedge funds own 64.57% of the company’s stock.

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Science Applications International Corporation 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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