Science Applications International Corp (NYSE:SAIC) – Analysts at Jefferies Financial Group raised their FY2020 earnings estimates for Science Applications International in a report released on Monday, December 2nd. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the information technology services provider will earn $5.60 per share for the year, up from their prior forecast of $5.55. Jefferies Financial Group also issued estimates for Science Applications International’s FY2021 earnings at $6.30 EPS and FY2022 earnings at $7.40 EPS.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.08. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.63 billion. Science Applications International had a net margin of 2.71% and a return on equity of 23.15%. The company’s revenue was up 43.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS.

Other equities analysts also recently issued research reports about the stock. Cowen upgraded shares of Science Applications International from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $92.00 to $102.00 in a research note on Monday, September 9th. JPMorgan Chase & Co. initiated coverage on Science Applications International in a research report on Tuesday, September 24th. They set an “overweight” rating and a $102.00 target price on the stock. ValuEngine downgraded Science Applications International from a “sell” rating to a “strong sell” rating in a report on Tuesday. Finally, Barclays began coverage on Science Applications International in a research report on Friday, September 20th. They issued an “overweight” rating and a $105.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. Science Applications International currently has a consensus rating of “Buy” and a consensus price target of $98.50.

Shares of NYSE:SAIC opened at $83.97 on Wednesday. Science Applications International has a 12 month low of $58.19 and a 12 month high of $92.49. The firm has a market capitalization of $4.84 billion, a P/E ratio of 16.66, a P/E/G ratio of 2.84 and a beta of 1.31. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.06. The company’s fifty day moving average price is $82.54 and its 200 day moving average price is $83.80.

Several large investors have recently modified their holdings of SAIC. Municipal Employees Retirement System of Michigan boosted its stake in shares of Science Applications International by 1.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,410 shares of the information technology services provider’s stock worth $815,000 after acquiring an additional 130 shares in the last quarter. Profund Advisors LLC raised its holdings in Science Applications International by 2.7% during the second quarter. Profund Advisors LLC now owns 5,489 shares of the information technology services provider’s stock worth $475,000 after purchasing an additional 142 shares during the last quarter. Advisory Services Network LLC boosted its position in Science Applications International by 54.5% during the second quarter. Advisory Services Network LLC now owns 499 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 176 shares in the last quarter. First Trust Advisors LP boosted its position in Science Applications International by 1.4% during the third quarter. First Trust Advisors LP now owns 15,714 shares of the information technology services provider’s stock worth $1,373,000 after purchasing an additional 220 shares in the last quarter. Finally, Usca Ria LLC acquired a new stake in Science Applications International in the third quarter valued at $31,000. 77.68% of the stock is currently owned by institutional investors and hedge funds.

In other Science Applications International news, Director John J. Hamre sold 10,000 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $86.43, for a total transaction of $864,300.00. Following the transaction, the director now directly owns 21,121 shares of the company’s stock, valued at approximately $1,825,488.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.64% of the stock is owned by corporate insiders.

Science Applications International Company Profile

Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.

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

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