Brokerages Anticipate Science Applications International Corp (SAIC) Will Post Quarterly Sales of $1.15 Billion

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Wall Street brokerages expect Science Applications International Corp (NYSE:SAIC) to report sales of $1.15 billion for the current quarter, Zacks reports. Five analysts have made estimates for Science Applications International’s earnings, with the highest sales estimate coming in at $1.18 billion and the lowest estimate coming in at $1.10 billion. Science Applications International reported sales of $1.13 billion in the same quarter last year, which indicates a positive year over year growth rate of 1.8%. The company is scheduled to announce its next earnings results on Thursday, April 4th.

According to Zacks, analysts expect that Science Applications International will report full-year sales of $4.61 billion for the current fiscal year, with estimates ranging from $4.57 billion to $4.65 billion. For the next fiscal year, analysts expect that the company will report sales of $6.58 billion, with estimates ranging from $6.55 billion to $6.61 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Science Applications International.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, December 6th. The information technology services provider reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.21. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Science Applications International had a net margin of 4.29% and a return on equity of 57.96%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share.

A number of equities research analysts have recently weighed in on SAIC shares. Zacks Investment Research raised shares of Science Applications International from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Drexel Hamilton set a $90.00 price objective on shares of Science Applications International and gave the company a “buy” rating in a report on Friday, December 7th. ValuEngine lowered shares of Science Applications International from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Science Applications International in a report on Friday, January 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Science Applications International currently has an average rating of “Hold” and a consensus target price of $82.86.

Shares of SAIC traded down $0.43 during trading hours on Thursday, reaching $67.14. 291,100 shares of the company traded hands, compared to its average volume of 604,286. The firm has a market capitalization of $2.87 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.72 and a beta of 1.45. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.57 and a quick ratio of 1.40. Science Applications International has a 12-month low of $58.19 and a 12-month high of $93.31.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Friday, January 11th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, January 10th. This represents a $1.24 dividend on an annualized basis and a yield of 1.85%. Science Applications International’s dividend payout ratio is presently 35.13%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Science Applications International by 7.0% during the third quarter. Vanguard Group Inc. now owns 5,404,860 shares of the information technology services provider’s stock valued at $435,631,000 after purchasing an additional 352,533 shares during the period. Vanguard Group Inc lifted its position in Science Applications International by 7.0% during the third quarter. Vanguard Group Inc now owns 5,404,860 shares of the information technology services provider’s stock valued at $435,631,000 after purchasing an additional 352,533 shares during the period. BlackRock Inc. lifted its position in Science Applications International by 1.7% during the third quarter. BlackRock Inc. now owns 4,723,203 shares of the information technology services provider’s stock valued at $380,690,000 after purchasing an additional 81,138 shares during the period. FMR LLC lifted its position in Science Applications International by 3.1% during the second quarter. FMR LLC now owns 1,968,833 shares of the information technology services provider’s stock valued at $159,337,000 after purchasing an additional 58,804 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Science Applications International by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,010,999 shares of the information technology services provider’s stock valued at $81,485,000 after purchasing an additional 17,773 shares during the period. Institutional investors own 66.92% of the company’s stock.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its 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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