$1.31 Earnings Per Share Expected for Science Applications International Corp (NYSE:SAIC) This Quarter

Analysts predict that Science Applications International Corp (NYSE:SAIC) will announce $1.31 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Science Applications International’s earnings. The highest EPS estimate is $1.40 and the lowest is $1.22. Science Applications International reported earnings per share of $1.17 during the same quarter last year, which indicates a positive year-over-year growth rate of 12%. The company is scheduled to report its next earnings report on Thursday, March 26th.

According to Zacks, analysts expect that Science Applications International will report full-year earnings of $5.42 per share for the current financial year, with EPS estimates ranging from $5.34 to $5.50. For the next fiscal year, analysts forecast that the firm will report earnings of $6.18 per share, with EPS estimates ranging from $5.85 to $6.38. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Science Applications International.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, December 5th. The information technology services provider reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.04). The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. Science Applications International had a return on equity of 22.10% and a net margin of 2.62%. The business’s revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.35 EPS.

A number of research firms have commented on SAIC. Wells Fargo & Co upped their price objective on shares of Science Applications International from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. They noted that the move was a valuation call. Cowen reaffirmed a “buy” rating and set a $102.00 price objective on shares of Science Applications International in a research note on Thursday, December 5th. ValuEngine raised shares of Science Applications International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 14th. Finally, Barclays reaffirmed a “buy” rating and set a $115.00 price objective on shares of Science Applications International in a research note on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. Science Applications International has a consensus rating of “Buy” and a consensus price target of $102.00.

Several institutional investors and hedge funds have recently modified their holdings of SAIC. Usca Ria LLC acquired a new position in shares of Science Applications International in the 3rd quarter valued at about $31,000. AdvisorNet Financial Inc acquired a new position in Science Applications International in the third quarter worth approximately $61,000. Tower Research Capital LLC TRC increased its holdings in Science Applications International by 65.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the information technology services provider’s stock worth $127,000 after buying an additional 571 shares during the last quarter. Wilsey Asset Management Inc. acquired a new position in Science Applications International in the third quarter worth approximately $200,000. Finally, James Investment Research Inc. increased its holdings in Science Applications International by 19.1% in the fourth quarter. James Investment Research Inc. now owns 2,603 shares of the information technology services provider’s stock worth $226,000 after buying an additional 417 shares during the last quarter. Institutional investors own 76.81% of the company’s stock.

NYSE SAIC traded up $0.16 on Wednesday, reaching $89.84. The company’s stock had a trading volume of 10,484 shares, compared to its average volume of 353,458. Science Applications International has a twelve month low of $64.39 and a twelve month high of $96.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.07 and a current ratio of 1.20. The stock has a market cap of $5.18 billion, a PE ratio of 34.31, a PEG ratio of 3.01 and a beta of 1.29. The firm’s 50 day moving average is $88.54 and its two-hundred day moving average is $85.22.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, January 16th. Science Applications International’s dividend payout ratio is presently 29.37%.

About Science Applications International

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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