Wall Street analysts forecast that Science Applications International Co. (NYSE:SAIC) will report sales of $1.12 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Science Applications International’s earnings. The lowest sales estimate is $1.11 billion and the highest is $1.14 billion. Science Applications International posted sales of $1.10 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.8%. The firm is scheduled to announce its next earnings results on Monday, June 11th.
According to Zacks, analysts expect that Science Applications International will report full-year sales of $4.57 billion for the current fiscal year, with estimates ranging from $4.48 billion to $4.63 billion. For the next financial year, analysts expect that the company will report sales of $4.73 billion per share, with estimates ranging from $4.56 billion to $4.82 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Science Applications International.
Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, March 29th. The information technology services provider reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.35. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Science Applications International had a return on equity of 55.88% and a net margin of 4.02%. Science Applications International’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 EPS.
Several equities analysts have recently weighed in on SAIC shares. Jefferies Group set a $83.00 price objective on Science Applications International and gave the company a “hold” rating in a report on Sunday, April 1st. ValuEngine upgraded Science Applications International from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Saturday, March 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $81.86.
Shares of NYSE SAIC traded up $1.55 during mid-day trading on Friday, hitting $85.67. The company had a trading volume of 125,784 shares, compared to its average volume of 244,141. The stock has a market capitalization of $3,560.25, a price-to-earnings ratio of 23.83, a PEG ratio of 3.89 and a beta of 1.41. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.37 and a quick ratio of 1.27. Science Applications International has a one year low of $60.21 and a one year high of $88.49.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors 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 1.45%. The ex-dividend date is Thursday, April 12th. Science Applications International’s payout ratio is currently 35.13%.
In related news, COO Nazzic S. Keene sold 24,838 shares of Science Applications International stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $83.76, for a total transaction of $2,080,430.88. Following the completion of the transaction, the chief operating officer now owns 50,690 shares in the company, valued at $4,245,794.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony J. Moraco sold 80,000 shares of Science Applications International stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $82.88, for a total value of $6,630,400.00. The disclosure for this sale can be found here. Company insiders own 2.94% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. We Are One Seven LLC acquired a new stake in Science Applications International during the fourth quarter worth approximately $124,000. Bank of Montreal Can lifted its position in Science Applications International by 73.8% during the fourth quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock worth $128,000 after acquiring an additional 708 shares during the last quarter. Hayek Kallen Investment Management acquired a new stake in Science Applications International during the fourth quarter worth approximately $215,000. Cetera Advisor Networks LLC acquired a new stake in Science Applications International during the third quarter worth approximately $223,000. Finally, Boston Family Office LLC acquired a new stake in Science Applications International during the fourth quarter worth approximately $229,000. Institutional investors and hedge funds own 64.79% of the company’s stock.
Science Applications International Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.