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Science Applications International Co. (NYSE:SAIC) Expected to Post Earnings of $1.78 Per Share


Analysts predict that Science Applications International Co. (NYSE:SAICGet Rating) will post earnings of $1.78 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Science Applications International’s earnings. The highest EPS estimate is $1.99 and the lowest is $1.62. Science Applications International posted earnings per share of $1.94 during the same quarter last year, which would indicate a negative year over year growth rate of 8.2%. The company is expected to announce its next earnings results 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 fiscal year, with EPS estimates ranging from $6.93 to $7.10. For the next financial year, analysts anticipate that the firm will post earnings of $7.59 per share, with EPS estimates ranging from $7.22 to $7.85. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.32. Science Applications International had a return on equity of 25.99% and a net margin of 3.75%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the business posted $1.67 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis.

Several analysts have issued reports on SAIC shares. Truist Financial downgraded Science Applications International from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Friday, April 1st. StockNews.com started coverage on Science Applications International in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Wells Fargo & Company lifted their target price on Science Applications International from $90.00 to $96.00 and gave the company an “equal weight” rating in a research report on Thursday, March 24th. Barclays raised Science Applications International from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $105.00 to $90.00 in a research report on Monday, January 24th. Finally, Morgan Stanley lowered their target price on Science Applications International from $101.00 to $99.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $92.86.

In other news, Director Timothy J. Mayopoulos sold 3,500 shares of the business’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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven G. Mahon sold 4,132 shares of the business’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 owned by insiders.

Large investors have recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its stake in shares of Science Applications International by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 7,085 shares of the information technology services provider’s stock valued at $592,000 after acquiring an additional 126 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Science Applications International by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 2,524 shares of the information technology services provider’s stock valued at $211,000 after acquiring an additional 128 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Science Applications International by 3.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,686 shares of the information technology services provider’s stock valued at $308,000 after acquiring an additional 139 shares during the last quarter. HighTower Advisors LLC raised its position in Science Applications International by 0.4% during the 4th quarter. HighTower Advisors LLC now owns 31,874 shares of the information technology services provider’s stock worth $2,665,000 after purchasing an additional 139 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its position in Science Applications International by 1.4% during the 4th quarter. First Republic Investment Management Inc. now owns 12,201 shares of the information technology services provider’s stock worth $1,020,000 after purchasing an additional 163 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

SAIC opened at $87.63 on Friday. The business’s 50-day moving average price is $87.66 and its two-hundred day moving average price is $86.81. Science Applications International has a 1 year low of $78.10 and a 1 year high of $96.50. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 18.37 and a beta of 0.78. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, April 14th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Wednesday, April 13th. Science Applications International’s dividend payout ratio (DPR) is presently 31.03%.

Science Applications International Company Profile (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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Earnings History and Estimates for Science Applications International (NYSE:SAIC)



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