Analysts expect Science Applications International Corp (NYSE:SAIC) to post $1.09 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Science Applications International’s earnings, with estimates ranging from $1.02 billion to $1.15 billion. Science Applications International reported sales of $1.03 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.8%. The firm is expected to issue its next quarterly earnings report on Thursday, March 29th.

On average, analysts expect that Science Applications International will report full year sales of $1.09 billion for the current financial year, with estimates ranging from $4.34 billion to $4.47 billion. For the next year, analysts forecast that the business will post sales of $4.52 billion per share, with estimates ranging from $4.41 billion to $4.65 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Science Applications International.

A number of analysts have recently commented on SAIC shares. Cowen reiterated a “hold” rating and set a $75.00 target price on shares of Science Applications International in a research report on Friday, September 8th. Seaport Global Securities reiterated a “buy” rating and set a $80.00 target price (down previously from $83.00) on shares of Science Applications International in a research report on Friday, September 8th. BidaskClub upgraded Science Applications International from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. SunTrust Banks reiterated a “buy” rating and set a $93.00 target price on shares of Science Applications International in a research report on Friday, October 6th. Finally, Citigroup upgraded Science Applications International from a “neutral” rating to a “buy” rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $80.88.

Science Applications International (NYSE SAIC) traded up $0.60 during trading on Thursday, reaching $77.96. The company’s stock had a trading volume of 225,781 shares, compared to its average volume of 389,298. Science Applications International has a one year low of $60.21 and a one year high of $89.87. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.15 and a current ratio of 1.34. The firm has a market capitalization of $3,330.00, a PE ratio of 21.36, a PEG ratio of 4.25 and a beta of 1.61.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, January 11th. Science Applications International’s dividend payout ratio (DPR) is presently 33.97%.

In related news, COO Nazzic S. Keene sold 18,772 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $68.85, for a total value of $1,292,452.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.94% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. boosted its holdings in Science Applications International by 13.4% in the 2nd quarter. Sei Investments Co. now owns 1,571 shares of the information technology services provider’s stock valued at $109,000 after purchasing an additional 186 shares in the last quarter. Bank of Montreal Can boosted its holdings in Science Applications International by 128.3% in the 2nd quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock valued at $132,000 after purchasing an additional 1,071 shares in the last quarter. GLG Partners LP purchased a new stake in Science Applications International in the 2nd quarter valued at approximately $143,000. Riverhead Capital Management LLC boosted its holdings in Science Applications International by 62.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock valued at $169,000 after purchasing an additional 930 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Science Applications International by 4.6% in the 2nd quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock valued at $203,000 after purchasing an additional 128 shares in the last quarter. 64.14% of the stock is currently owned by institutional investors.

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

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