Science Applications International Corp (SAIC) Forecasted to Post Q1 2019 Earnings of $0.97 Per Share

Science Applications International Corp (NYSE:SAIC) – Research analysts at Seaport Global Securities upped their Q1 2019 earnings estimates for Science Applications International in a report issued on Thursday, Zacks Investment Research reports. Seaport Global Securities analyst J. Sullivan now expects that the information technology services provider will post earnings of $0.97 per share for the quarter, up from their previous forecast of $0.96. Seaport Global Securities also issued estimates for Science Applications International’s Q3 2019 earnings at $1.07 EPS.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, December 7th. The information technology services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. Science Applications International had a return on equity of 50.26% and a net margin of 3.77%.

Several other research firms have also recently commented on SAIC. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Tuesday, December 12th. Jefferies Group reaffirmed a “hold” rating and set a $78.00 price target on shares of Science Applications International in a research note on Monday, January 8th. Cowen reaffirmed a “hold” rating and set a $72.00 price target on shares of Science Applications International in a research note on Friday, December 8th. Vertical Research raised Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Friday, December 8th. Finally, BidaskClub raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $82.38.

Shares of Science Applications International (NYSE SAIC) opened at $68.95 on Friday. Science Applications International has a 1 year low of $60.21 and a 1 year high of $89.87. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.34 and a quick ratio of 1.15. The company has a market capitalization of $2,948.72, a P/E ratio of 18.49, a P/E/G ratio of 3.42 and a beta of 1.50.

A number of hedge funds and other institutional investors have recently modified their holdings of SAIC. Bank of Montreal Can boosted its stake in shares of Science Applications International by 73.8% during the 4th 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 in the last quarter. GLG Partners LP bought a new stake in shares of Science Applications International during the 2nd quarter worth $143,000. Riverhead Capital Management LLC boosted its stake in shares of Science Applications International by 62.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock worth $169,000 after acquiring an additional 930 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Science Applications International by 4.6% during the 2nd quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock worth $203,000 after acquiring an additional 128 shares in the last quarter. Finally, Hayek Kallen Investment Management bought a new stake in shares of Science Applications International during the 4th quarter worth $215,000. 63.09% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Thursday, January 11th. Science Applications International’s payout ratio is currently 34.07%.

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About Science Applications International

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

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

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