Wall Street brokerages predict that Science Applications International Corp (NYSE:SAIC) will announce sales of $1.16 billion for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Science Applications International’s earnings, with estimates ranging from $1.15 billion to $1.18 billion. Science Applications International posted sales of $1.15 billion in the same quarter last year, which indicates a positive year over year growth rate of 0.9%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, December 6th.

On average, analysts expect that Science Applications International will report full-year sales of $4.58 billion for the current financial year, with estimates ranging from $4.55 billion to $4.63 billion. For the next fiscal year, analysts expect that the company will report sales of $4.74 billion, with estimates ranging from $4.64 billion to $4.82 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Science Applications International.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, September 10th. The information technology services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.14. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Science Applications International had a return on equity of 57.27% and a net margin of 4.21%. Science Applications International’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 EPS.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut Science Applications International from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine cut Science Applications International from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Vertical Research cut Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a report on Tuesday, September 11th. Cowen restated a “hold” rating and set a $82.00 target price on shares of Science Applications International in a report on Tuesday, September 11th. Finally, Wells Fargo & Co restated a “hold” rating and set a $84.00 target price (down from $88.00) on shares of Science Applications International in a report on Monday, September 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Science Applications International presently has a consensus rating of “Hold” and a consensus target price of $86.86.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its holdings in Science Applications International by 0.7% in the second quarter. Northern Trust Corp now owns 670,818 shares of the information technology services provider’s stock valued at $54,289,000 after acquiring an additional 4,916 shares during the last quarter. Savant Capital LLC acquired a new position in Science Applications International in the third quarter valued at approximately $249,000. Wells Fargo & Company MN lifted its holdings in Science Applications International by 55.7% in the second quarter. Wells Fargo & Company MN now owns 149,071 shares of the information technology services provider’s stock valued at $12,064,000 after acquiring an additional 53,308 shares during the last quarter. Legal & General Group Plc lifted its holdings in Science Applications International by 26.6% in the second quarter. Legal & General Group Plc now owns 327,926 shares of the information technology services provider’s stock valued at $26,539,000 after acquiring an additional 68,845 shares during the last quarter. Finally, MetLife Investment Advisors LLC lifted its holdings in Science Applications International by 1.4% in the second quarter. MetLife Investment Advisors LLC now owns 45,875 shares of the information technology services provider’s stock valued at $3,713,000 after acquiring an additional 632 shares during the last quarter. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Shares of Science Applications International stock traded down $1.98 on Friday, hitting $68.53. 16,499 shares of the company were exchanged, compared to its average volume of 261,585. The stock has a market cap of $3.00 billion, a P/E ratio of 19.41, a P/E/G ratio of 3.12 and a beta of 1.49. Science Applications International has a 1-year low of $66.24 and a 1-year high of $93.31. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.40 and a quick ratio of 1.24.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Monday, October 15th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Friday, October 12th. Science Applications International’s dividend payout ratio is presently 35.13%.

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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