Brokerages expect Science Applications International Corp (NYSE:SAIC) to announce earnings of $1.16 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Science Applications International’s earnings. The lowest EPS estimate is $1.05 and the highest is $1.24. Science Applications International posted earnings per share of $0.97 in the same quarter last year, which would indicate a positive year over year growth rate of 19.6%. The company is scheduled to issue its next quarterly earnings results on Thursday, December 6th.

According to Zacks, analysts expect that Science Applications International will report full-year earnings of $4.53 per share for the current year, with EPS estimates ranging from $4.35 to $4.65. For the next fiscal year, analysts anticipate that the business will post earnings of $4.81 per share, with EPS estimates ranging from $4.48 to $5.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Science Applications International.

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

Several analysts have recently weighed in on SAIC shares. Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Friday, June 15th. Stifel Nicolaus started coverage on shares of Science Applications International in a research note on Friday, May 25th. They issued a “hold” rating and a $85.00 price target for the company. Vertical Research cut shares of Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a research note on Tuesday, September 11th. Cowen reissued a “hold” rating and issued a $82.00 price target on shares of Science Applications International in a research note on Tuesday, September 11th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $84.00 price target (down previously from $88.00) on shares of Science Applications International in a research note on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Science Applications International currently has an average rating of “Hold” and an average price target of $85.29.

Shares of Science Applications International stock traded up $1.02 during mid-day trading on Friday, hitting $79.53. The stock had a trading volume of 481,757 shares, compared to its average volume of 366,888. Science Applications International has a 12-month low of $61.27 and a 12-month 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 1.18. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 3.46 and a beta of 1.40.

In related news, CEO Anthony J. Moraco sold 21,737 shares of the stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $81.32, for a total transaction of $1,767,652.84. Following the completion of the transaction, the chief executive officer now owns 61,249 shares of the company’s stock, valued at approximately $4,980,768.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 22,322 shares of company stock valued at $1,814,728 in the last ninety days. 2.05% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of Science Applications International by 3.1% during the 2nd quarter. BlackRock Inc. now owns 4,642,065 shares of the information technology services provider’s stock worth $375,682,000 after purchasing an additional 137,944 shares during the period. FMR LLC lifted its holdings in Science Applications International by 3.1% during the 2nd quarter. FMR LLC now owns 1,968,833 shares of the information technology services provider’s stock worth $159,337,000 after buying an additional 58,804 shares in the last quarter. ETF Managers Group LLC lifted its holdings in Science Applications International by 6.6% during the 1st quarter. ETF Managers Group LLC now owns 684,627 shares of the information technology services provider’s stock worth $54,839,000 after buying an additional 42,489 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Science Applications International by 6.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 338,908 shares of the information technology services provider’s stock worth $27,428,000 after buying an additional 21,434 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Science Applications International by 26.6% during the 2nd quarter. Legal & General Group Plc now owns 327,926 shares of the information technology services provider’s stock worth $26,539,000 after buying an additional 68,845 shares in the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

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

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