Zacks: Analysts Anticipate Science Applications International Co. (SAIC) Will Announce Quarterly Sales of $1.12 Billion

Analysts predict that Science Applications International Co. (NYSE:SAIC) will report $1.12 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Science Applications International’s earnings, with the highest sales estimate coming in at $1.14 billion and the lowest estimate coming in at $1.11 billion. Science Applications International posted sales of $1.10 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 1.8%. The company is scheduled to issue its next earnings results on Monday, June 11th.

According to Zacks, analysts expect that Science Applications International will report full-year sales of $4.57 billion for the current fiscal year, with estimates ranging from $4.48 billion to $4.63 billion. For the next financial year, analysts expect that the company will post sales of $4.73 billion per share, with estimates ranging from $4.56 billion to $4.82 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Science Applications International.

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Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, March 29th. The information technology services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $0.81 by $0.35. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Science Applications International had a net margin of 4.02% and a return on equity of 55.88%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS.



Several equities research analysts recently commented on the stock. Jefferies Group set a $83.00 price objective on shares of Science Applications International and gave the company a “hold” rating in a research report on Sunday, April 1st. ValuEngine raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Saturday, March 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Science Applications International has an average rating of “Buy” and an average target price of $81.86.

SAIC traded down $0.54 during trading on Friday, hitting $85.28. The company had a trading volume of 178,398 shares, compared to its average volume of 247,392. The stock has a market capitalization of $3,676.58, a P/E ratio of 24.16, a P/E/G ratio of 4.02 and a beta of 1.41. Science Applications International has a one year low of $60.21 and a one year high of $88.49. The company has a current ratio of 1.37, a quick ratio of 1.27 and a debt-to-equity ratio of 3.01.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, April 12th. This represents a $1.24 annualized dividend and a yield of 1.45%. Science Applications International’s dividend payout ratio (DPR) is presently 35.13%.

In other Science Applications International news, CEO Anthony J. Moraco sold 80,000 shares of the business’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $82.88, for a total transaction of $6,630,400.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Nazzic S. Keene sold 24,838 shares of the business’s stock in a transaction dated 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 transaction, 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. Insiders own 2.94% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. We Are One Seven LLC acquired a new position in shares of Science Applications International during the 4th quarter worth about $124,000. Bank of Montreal Can increased 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 purchasing an additional 708 shares during the last quarter. Hayek Kallen Investment Management acquired a new position in shares of Science Applications International during the 4th quarter worth about $215,000. Cetera Advisor Networks LLC acquired a new position in shares of Science Applications International during the 3rd quarter worth about $223,000. Finally, Boston Family Office LLC acquired a new position in shares of Science Applications International during the 4th quarter worth about $229,000. Institutional investors own 64.79% of the company’s stock.

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About Science Applications International

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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