Science Applications International Co. (NYSE:SAIC) Expected to Post Quarterly Sales of $1.93 Billion

Wall Street brokerages expect Science Applications International Co. (NYSE:SAICGet Rating) to post sales of $1.93 billion for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Science Applications International’s earnings. The lowest sales estimate is $1.90 billion and the highest is $1.96 billion. Science Applications International reported sales of $1.88 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 2.7%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Science Applications International will report full-year sales of $7.47 billion for the current year, with estimates ranging from $7.45 billion to $7.50 billion. For the next year, analysts anticipate that the company will post sales of $7.64 billion, with estimates ranging from $7.58 billion to $7.70 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Science Applications International.

Science Applications International (NYSE:SAICGet Rating) last released its quarterly earnings results on Monday, March 28th. The information technology services provider reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.32. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Science Applications International had a return on equity of 25.99% and a net margin of 3.75%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 earnings per share.

Several analysts have recently weighed in on SAIC shares. Barclays upgraded Science Applications International from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $105.00 to $90.00 in a report on Monday, January 24th. Morgan Stanley cut their price objective on Science Applications International from $101.00 to $99.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 29th. Truist Financial lowered Science Applications International from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research note on Friday, April 1st. Stifel Nicolaus started coverage on Science Applications International in a research note on Thursday, March 17th. They issued a “hold” rating on the stock. Finally, Zacks Investment Research lowered Science Applications International from a “hold” rating to a “sell” rating and set a $86.00 price objective on the stock. in a research note on Wednesday, February 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Science Applications International currently has an average rating of “Hold” and an average target price of $92.86.

NYSE:SAIC opened at $87.63 on Monday. The stock has a market cap of $4.91 billion, a P/E ratio of 18.37 and a beta of 0.78. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. The stock’s 50-day moving average is $87.66 and its 200-day moving average is $86.82. Science Applications International has a 1-year low of $78.10 and a 1-year high of $96.50.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, April 14th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, April 13th. Science Applications International’s dividend payout ratio (DPR) is presently 31.03%.

In other news, Director Timothy J. Mayopoulos sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $92.94, for a total transaction of $325,290.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven G. Mahon sold 4,132 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $91.03, for a total value of $376,135.96. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in SAIC. Counterpoint Mutual Funds LLC bought a new stake in Science Applications International during the fourth quarter worth $25,000. AdvisorNet Financial Inc grew its holdings in Science Applications International by 208.0% during the fourth quarter. AdvisorNet Financial Inc now owns 345 shares of the information technology services provider’s stock worth $29,000 after buying an additional 233 shares in the last quarter. Sterling Investment Advisors Ltd. bought a new stake in Science Applications International during the fourth quarter worth $46,000. Dupont Capital Management Corp bought a new stake in Science Applications International during the third quarter worth $49,000. Finally, DB Wealth Management Group LLC grew its holdings in Science Applications International by 80,200.0% during the third quarter. DB Wealth Management Group LLC now owns 803 shares of the information technology services provider’s stock worth $69,000 after buying an additional 802 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

About Science Applications International (Get Rating)

Science Applications International Corp. is a provider of technical, engineering and enterprise information technology (IT) services primarily to the U.S. government. Its offerings include engineering, technology integration, maintenance of ground and maritime systems, logistics, training and simulation, operation and program support services, and end-to-end services spanning the design, development, integration, deployment, management and operations, sustainment, and security of its customers’ entire IT infrastructure.

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