Science Applications International (SAIC) Set to Announce Earnings on Thursday
Science Applications International (NYSE:SAIC) will be posting its quarterly earnings results after the market closes on Thursday, December 7th. Analysts expect Science Applications International to post earnings of $0.94 per share for the quarter.
Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Science Applications International had a net margin of 3.77% and a return on equity of 48.69%. Science Applications International’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, analysts expect Science Applications International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Science Applications International (NYSE:SAIC) opened at $73.27 on Wednesday. The company has a market cap of $3,170.00, a PE ratio of 19.91, a P/E/G ratio of 4.11 and a beta of 1.61. Science Applications International has a 12 month low of $60.21 and a 12 month high of $89.87. The company has a quick ratio of 1.23, a current ratio of 1.41 and a debt-to-equity ratio of 3.10.
In other news, COO Nazzic S. Keene sold 18,772 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $68.85, for a total transaction of $1,292,452.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.94% of the company’s stock.
A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised shares of Science Applications International from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Wednesday, October 25th. Cowen reaffirmed a “market perform” rating and set a $72.00 price target (down from $75.00) on shares of Science Applications International in a research note on Thursday, October 5th. Jefferies Group reaffirmed a “hold” rating and set a $66.00 price target on shares of Science Applications International in a research note on Tuesday, October 24th. SunTrust Banks reaffirmed a “buy” rating and set a $93.00 price target on shares of Science Applications International in a research note on Friday, October 6th. Finally, BidaskClub cut shares of Science Applications International from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $80.71.
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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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