Science Applications International (SAIC) Issues Quarterly Earnings Results

Science Applications International (NYSE:SAIC) announced its quarterly earnings data on Thursday. The information technology services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03, reports. Science Applications International had a net margin of 3.77% and a return on equity of 48.69%.

Shares of Science Applications International (NYSE:SAIC) traded up $2.36 during trading hours on Thursday, reaching $75.43. 840,536 shares of the company traded hands, compared to its average volume of 318,260. The stock has a market capitalization of $3,168.23, a PE ratio of 19.97, a P/E/G ratio of 4.13 and a beta of 1.60. Science Applications International has a 12 month low of $60.21 and a 12 month 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.

Several brokerages have commented on SAIC. Zacks Investment Research lowered shares of Science Applications International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. BidaskClub upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Cowen reiterated a “market perform” rating and issued a $72.00 target price (down previously from $75.00) on shares of Science Applications International in a research note on Thursday, October 5th. SunTrust Banks reiterated a “buy” rating and issued a $93.00 target price on shares of Science Applications International in a research note on Friday, October 6th. Finally, Wells Fargo & Company upgraded shares of Science Applications International from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.71.

In related news, COO Nazzic S. Keene sold 18,772 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $68.85, for a total transaction of $1,292,452.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.94% of the stock is currently owned by insiders.

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About Science Applications International

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.

Earnings History for Science Applications International (NYSE:SAIC)

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