Analysts Expect Science Applications International Co. (NYSE:SAIC) Will Announce Quarterly Sales of $1.93 Billion

Wall Street brokerages expect Science Applications International Co. (NYSE:SAICGet Rating) to announce $1.93 billion in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Science Applications International’s earnings, with the lowest sales estimate coming in at $1.90 billion and the highest estimate coming in at $1.96 billion. Science Applications International posted sales of $1.88 billion during the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The firm is scheduled to announce its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Science Applications International will report full year sales of $7.47 billion for the current financial year, with estimates ranging from $7.45 billion to $7.50 billion. For the next year, analysts expect that the firm will report sales of $7.64 billion, with estimates ranging from $7.58 billion to $7.70 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Science Applications International.

Science Applications International (NYSE:SAICGet Rating) last released its quarterly earnings data on Monday, March 28th. The information technology services provider reported $1.50 earnings per share for the quarter, topping 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 company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the company earned $1.67 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis.

SAIC has been the topic of several recent research reports. Truist Financial cut shares of 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 initiated coverage on shares of Science Applications International in a research note on Thursday, March 17th. They issued a “hold” rating on the stock. StockNews.com initiated coverage on shares of Science Applications International in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Morgan Stanley dropped their price objective 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. Finally, Wells Fargo & Company boosted their price objective on shares of Science Applications International from $90.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, March 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $92.86.

Shares of Science Applications International stock opened at $86.94 on Friday. 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 stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 18.23 and a beta of 0.80. The firm’s fifty day simple moving average is $86.94 and its 200-day simple moving average is $85.87. Science Applications International has a 12 month low of $78.10 and a 12 month high of $96.50.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, April 14th were given a $0.37 dividend. The ex-dividend date was Wednesday, April 13th. This represents a $1.48 annualized dividend and a dividend yield of 1.70%. Science Applications International’s dividend payout ratio is presently 31.03%.

In related news, Director Timothy J. Mayopoulos sold 3,500 shares of the stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $92.94, for a total transaction of $325,290.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven G. Mahon sold 4,132 shares of the stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $91.03, for a total transaction of $376,135.96. The disclosure for this sale can be found here. 0.97% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in Science Applications International by 9.4% during the 1st quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider’s stock worth $525,321,000 after purchasing an additional 491,167 shares in the last quarter. BlackRock Inc. boosted its holdings in Science Applications International by 2.0% in the 1st quarter. BlackRock Inc. now owns 4,887,542 shares of the information technology services provider’s stock worth $450,486,000 after acquiring an additional 94,874 shares during the period. Boston Partners boosted its holdings in Science Applications International by 1.4% in the 1st quarter. Boston Partners now owns 4,143,784 shares of the information technology services provider’s stock worth $381,875,000 after acquiring an additional 56,181 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in Science Applications International by 44.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,070,435 shares of the information technology services provider’s stock worth $190,832,000 after acquiring an additional 636,805 shares during the period. Finally, State Street Corp boosted its holdings in Science Applications International by 5.1% in the 1st quarter. State Street Corp now owns 1,574,107 shares of the information technology services provider’s stock worth $145,085,000 after acquiring an additional 76,621 shares during the period. 78.35% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Company Profile (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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