$1.78 Earnings Per Share Expected for Science Applications International Co. (NYSE:SAIC) This Quarter

Analysts forecast that Science Applications International Co. (NYSE:SAICGet Rating) will announce earnings per share of $1.78 for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Science Applications International’s earnings, with the highest EPS estimate coming in at $1.99 and the lowest estimate coming in at $1.62. Science Applications International reported earnings per share of $1.94 during the same quarter last year, which would suggest a negative year over year growth rate of 8.2%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Science Applications International will report full year earnings of $7.02 per share for the current year, with EPS estimates ranging from $6.93 to $7.10. For the next financial year, analysts expect that the business will report earnings of $7.59 per share, with EPS estimates ranging from $7.22 to $7.85. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Science Applications International.

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

Several brokerages have recently weighed in on SAIC. Morgan Stanley reduced their target price on shares of 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. Wells Fargo & Company raised their price objective on shares of Science Applications International from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 24th. Zacks Investment Research lowered Science Applications International from a “hold” rating to a “sell” rating and set a $86.00 target price for the company. in a research report on Wednesday, February 2nd. 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. Finally, StockNews.com assumed coverage on Science Applications International in a report on Thursday, March 31st. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and an average price target of $92.86.

In other Science Applications International news, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Timothy J. Mayopoulos sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $92.94, for a total value of $325,290.00. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Counterpoint Mutual Funds LLC purchased a new stake in shares of Science Applications International in the 4th quarter valued at approximately $25,000. AdvisorNet Financial Inc boosted its stake in shares of Science Applications International by 208.0% in the fourth quarter. AdvisorNet Financial Inc now owns 345 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 233 shares during the period. Sterling Investment Advisors Ltd. acquired a new position in Science Applications International during the 4th quarter worth $46,000. Dupont Capital Management Corp acquired a new stake in Science Applications International in the third quarter valued at approximately $49,000. Finally, DB Wealth Management Group LLC raised its stake in Science Applications International by 80,200.0% in the third quarter. DB Wealth Management Group LLC now owns 803 shares of the information technology services provider’s stock valued at $69,000 after buying an additional 802 shares in the last quarter. Institutional investors own 78.35% of the company’s stock.

Shares of SAIC stock opened at $83.60 on Friday. The company has a market cap of $4.69 billion, a PE ratio of 17.53 and a beta of 0.80. Science Applications International has a 1 year low of $78.10 and a 1 year high of $96.50. The stock’s 50 day simple moving average is $88.73 and its two-hundred day simple moving average is $86.58. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.93 and a quick ratio of 0.89.

The business also recently announced a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, April 14th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $1.48 annualized dividend and a yield of 1.77%. Science Applications International’s dividend payout ratio (DPR) is presently 31.03%.

About Science Applications International (Get Rating)

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 integration; IT modernization; 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, as well as cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.

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