Brokerages expect that Science Applications International Corp (NYSE:SAIC) will report earnings of $0.85 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Science Applications International’s earnings, with estimates ranging from $0.78 to $0.88. Science Applications International posted earnings of $0.91 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.6%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, December 7th.

On average, analysts expect that Science Applications International will report full year earnings of $3.55 per share for the current year, with EPS estimates ranging from $3.47 to $3.61. For the next year, analysts anticipate that the company will post earnings of $3.82 per share, with EPS estimates ranging from $3.57 to $4.00. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Science Applications International.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Science Applications International had a return on equity of 48.69% and a net margin of 3.77%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm posted $0.85 EPS. Science Applications International’s quarterly revenue was down 1.6% on a year-over-year basis.

A number of brokerages have issued reports on SAIC. Zacks Investment Research cut Science Applications International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Cowen reaffirmed a “hold” rating and issued a $75.00 target price on shares of Science Applications International in a report on Friday, September 8th. Seaport Global Securities reaffirmed a “buy” rating and issued a $80.00 target price (down previously from $83.00) on shares of Science Applications International in a report on Friday, September 8th. BidaskClub raised Science Applications International from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $93.00 target price on shares of Science Applications International in a report on Friday, October 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $80.71.

Science Applications International (NYSE:SAIC) opened at $71.17 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.23 and a debt-to-equity ratio of 3.10. Science Applications International has a fifty-two week low of $60.21 and a fifty-two week high of $89.87. The company has a market capitalization of $3,070.51, a price-to-earnings ratio of 19.35, a PEG ratio of 4.00 and a beta of 1.62.

In other Science Applications International news, COO Nazzic S. Keene sold 18,772 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $68.85, for a total value of $1,292,452.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.94% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its holdings in Science Applications International by 13.4% in the second quarter. Sei Investments Co. now owns 1,571 shares of the information technology services provider’s stock worth $109,000 after acquiring an additional 186 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Science Applications International by 128.3% in the second quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock worth $132,000 after purchasing an additional 1,071 shares during the last quarter. GLG Partners LP purchased a new stake in shares of Science Applications International in the second quarter worth approximately $143,000. Riverhead Capital Management LLC raised its stake in shares of Science Applications International by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock worth $169,000 after purchasing an additional 930 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Science Applications International by 4.6% in the second quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock worth $203,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 63.41% of the company’s stock.

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About Science Applications International

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

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