$1.87 Billion in Sales Expected for Science Applications International Co. (NYSE:SAIC) This Quarter

Equities analysts expect Science Applications International Co. (NYSE:SAIC) to post $1.87 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Science Applications International’s earnings, with the highest sales estimate coming in at $1.90 billion and the lowest estimate coming in at $1.85 billion. Science Applications International reported sales of $1.82 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The company is expected to issue its next earnings results on Thursday, December 2nd.

According to Zacks, analysts expect that Science Applications International will report full year sales of $7.37 billion for the current financial year, with estimates ranging from $7.32 billion to $7.42 billion. For the next financial year, analysts anticipate that the firm will post sales of $7.68 billion, with estimates ranging from $7.58 billion to $7.80 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Science Applications International.

Science Applications International (NYSE:SAIC) last released its earnings results on Wednesday, September 1st. The information technology services provider reported $1.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.50. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Science Applications International had a net margin of 3.93% and a return on equity of 26.92%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 EPS.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Science Applications International from a “sell” rating to a “hold” rating and set a $97.00 target price for the company in a research note on Tuesday, June 8th. Morgan Stanley increased their price objective on shares of Science Applications International from $97.00 to $101.00 and gave the company an “overweight” rating in a research note on Monday, June 7th. Wells Fargo & Company began coverage on shares of Science Applications International in a research note on Tuesday, May 18th. They issued an “equal weight” rating and a $95.00 price objective for the company. Finally, The Goldman Sachs Group cut shares of Science Applications International from a “neutral” rating to a “sell” rating and set a $89.00 price objective for the company. in a research note on Tuesday, June 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Science Applications International presently has an average rating of “Hold” and an average target price of $97.44.

Institutional investors and hedge funds have recently bought and sold shares of the company. New Mexico Educational Retirement Board grew its holdings in shares of Science Applications International by 18.6% in the 2nd quarter. New Mexico Educational Retirement Board now owns 12,100 shares of the information technology services provider’s stock worth $1,062,000 after purchasing an additional 1,900 shares during the last quarter. Systematic Financial Management LP grew its holdings in Science Applications International by 170.6% during the 1st quarter. Systematic Financial Management LP now owns 149,749 shares of the information technology services provider’s stock worth $12,518,000 after acquiring an additional 94,414 shares during the last quarter. Geode Capital Management LLC grew its holdings in Science Applications International by 4.1% during the 1st quarter. Geode Capital Management LLC now owns 726,013 shares of the information technology services provider’s stock worth $60,687,000 after acquiring an additional 28,377 shares during the last quarter. Tealwood Asset Management Inc. grew its holdings in Science Applications International by 3.1% during the 1st quarter. Tealwood Asset Management Inc. now owns 11,497 shares of the information technology services provider’s stock worth $961,000 after acquiring an additional 347 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Science Applications International during the 1st quarter worth about $277,000. 75.72% of the stock is currently owned by institutional investors and hedge funds.

NYSE:SAIC traded up $1.18 during trading hours on Friday, hitting $85.81. 4,489 shares of the company traded hands, compared to its average volume of 388,622. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 17.60 and a beta of 0.90. Science Applications International has a twelve month low of $72.44 and a twelve month high of $103.95. The firm has a 50-day moving average of $85.65 and a 200 day moving average of $88.13. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.51.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Stockholders of record on Friday, October 15th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, October 14th. Science Applications International’s payout ratio is 23.60%.

Science Applications International Company Profile

Science Applications International Corp. is a provider of technical, engineering and enterprise information technology (IT) services primarily to the U.S. government. Its offerings include: engineering; technology integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services spanning the design, development, integration, deployment, management and operations, sustainment and security of its customers’ entire IT infrastructure.

See Also: Terms to Better Understand Call Options

Get a free copy of the Zacks research report on Science Applications International (SAIC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.