Wall Street analysts expect that Science Applications International Co. (NYSE:SAIC) will post $1.02 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Science Applications International’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $0.99. Science Applications International posted earnings per share of $1.08 during the same quarter last year, which indicates a negative year-over-year growth rate of 5.6%. The company is expected to issue its next earnings results after the market closes on Tuesday, June 12th.
On average, analysts expect that Science Applications International will report full-year earnings of $4.29 per share for the current year, with EPS estimates ranging from $4.05 to $4.40. For the next fiscal year, analysts expect that the firm will post earnings of $4.56 per share, with EPS estimates ranging from $4.15 to $4.85. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Science Applications International.
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Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, March 29th. The information technology services provider reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.35. Science Applications International had a return on equity of 55.88% and a net margin of 4.02%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business earned $0.79 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis.
Several research analysts have recently commented on SAIC shares. Zacks Investment Research raised Science Applications International from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Tuesday. ValuEngine raised Science Applications International from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Wells Fargo & Co downgraded Science Applications International from an “outperform” rating to a “market perform” rating and set a $87.00 price target on the stock. in a research note on Thursday, May 17th. Finally, Stifel Nicolaus initiated coverage on Science Applications International in a research note on Friday, May 25th. They set a “hold” rating and a $85.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $85.13.
Shares of Science Applications International opened at $88.07 on Monday, according to MarketBeat.com. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.37 and a quick ratio of 1.27. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 4.08 and a beta of 1.39. Science Applications International has a twelve month low of $60.21 and a twelve month high of $90.84.
In related news, CEO Anthony J. Moraco sold 80,000 shares of the firm’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $82.88, for a total value of $6,630,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Nazzic S. Keene sold 24,838 shares of the firm’s stock in a transaction on 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 sale, the chief operating officer now owns 50,690 shares in the company, valued at $4,245,794.40. The disclosure for this sale can be found here. 2.05% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Mackay Shields LLC acquired a new stake in shares of Science Applications International during the 1st quarter valued at about $392,000. Deutsche Bank AG raised its stake in shares of Science Applications International by 113.7% in the fourth quarter. Deutsche Bank AG now owns 198,551 shares of the information technology services provider’s stock worth $15,202,000 after acquiring an additional 105,651 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Science Applications International by 255.3% in the fourth quarter. Teachers Advisors LLC now owns 314,407 shares of the information technology services provider’s stock worth $24,074,000 after acquiring an additional 225,922 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Science Applications International by 73.8% in 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. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Science Applications International during the fourth quarter worth approximately $861,000. Institutional investors and hedge funds own 64.65% 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.
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