Wall Street analysts forecast that Science Applications International Corporation (NYSE:SAIC) will report sales of $1.11 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Science Applications International Corporation’s earnings, with estimates ranging from $1.09 billion to $1.12 billion. Science Applications International Corporation also reported sales of $1.11 billion during the same quarter last year. The company is scheduled to report its next earnings report on Thursday, December 14th.

According to Zacks, analysts expect that Science Applications International Corporation will report full-year sales of $1.11 billion for the current year, with estimates ranging from $4.29 billion to $4.41 billion. For the next year, analysts expect that the company will post sales of $4.44 billion per share, with estimates ranging from $4.37 billion to $4.54 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Science Applications International Corporation.

Science Applications International Corporation (NYSE:SAIC) last posted its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). Science Applications International Corporation had a net margin of 3.77% and a return on equity of 48.69%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company earned $0.85 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year.

Several analysts have commented on the company. Seaport Global Securities restated a “buy” rating and issued a $80.00 price target (down previously from $83.00) on shares of Science Applications International Corporation in a report on Friday, September 8th. Cowen and Company restated a “hold” rating and issued a $75.00 price target on shares of Science Applications International Corporation in a report on Friday, September 8th. Zacks Investment Research cut Science Applications International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. BidaskClub cut Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Jefferies Group LLC cut Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Science Applications International Corporation currently has an average rating of “Hold” and a consensus target price of $80.00.

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In other news, insider Douglas Martin Wagoner sold 1,524 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $71.58, for a total transaction of $109,087.92. Following the completion of the sale, the insider now owns 106,147 shares in the company, valued at approximately $7,598,002.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 35,072 shares of company stock valued at $2,427,610 in the last quarter. Company insiders own 2.28% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SAIC. Capstone Asset Management Co. lifted its position in Science Applications International Corporation by 4.8% during the 1st quarter. Capstone Asset Management Co. now owns 4,404 shares of the information technology services provider’s stock worth $328,000 after acquiring an additional 200 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Science Applications International Corporation by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,743 shares of the information technology services provider’s stock worth $1,171,000 after acquiring an additional 200 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Science Applications International Corporation by 1.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 25,975 shares of the information technology services provider’s stock worth $1,931,000 after acquiring an additional 475 shares in the last quarter. Tyers Asset Management LLC lifted its position in Science Applications International Corporation by 11.8% during the 1st quarter. Tyers Asset Management LLC now owns 1,360 shares of the information technology services provider’s stock worth $101,000 after acquiring an additional 144 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Science Applications International Corporation by 17.6% during the 1st quarter. First Trust Advisors LP now owns 153,831 shares of the information technology services provider’s stock worth $11,445,000 after acquiring an additional 23,013 shares in the last quarter. 64.42% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Corporation (SAIC) remained flat at $63.28 on Friday. 368,534 shares of the stock were exchanged. The company has a market cap of $2.76 billion, a P/E ratio of 17.62 and a beta of 1.64. The stock has a 50-day moving average of $69.85 and a 200 day moving average of $74.37. Science Applications International Corporation has a 52 week low of $60.21 and a 52 week high of $89.87.

Science Applications International Corporation Company Profile

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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