Science Applications International (SAIC) Announces Quarterly Earnings Results

Science Applications International (NYSE:SAIC) issued its quarterly earnings results on Thursday. The information technology services provider reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.35, Briefing.com reports. Science Applications International had a return on equity of 55.88% and a net margin of 4.02%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business earned $0.79 EPS. Science Applications International’s revenue was up 10.2% on a year-over-year basis.

Shares of NYSE:SAIC traded up $5.53 during mid-day trading on Friday, reaching $78.80. The company’s stock had a trading volume of 697,672 shares, compared to its average volume of 272,815. Science Applications International has a 12-month low of $60.21 and a 12-month high of $88.49. The company has a market cap of $3,369.95, a P/E ratio of 22.32, a PEG ratio of 3.89 and a beta of 1.51. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.15 and a current ratio of 1.37.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be issued a $0.31 dividend. The ex-dividend date is Thursday, April 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.57%. Science Applications International’s payout ratio is currently 35.13%.

Several equities research analysts have weighed in on SAIC shares. Vertical Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Friday, December 8th. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Tuesday, December 12th. Jefferies Group restated a “hold” rating and set a $78.00 price target on shares of Science Applications International in a report on Monday, January 8th. Finally, Cowen restated a “hold” rating and set a $72.00 price target on shares of Science Applications International in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $81.38.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in shares of Science Applications International by 73.8% in the 4th quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock valued at $128,000 after acquiring an additional 708 shares during the last quarter. Dowling & Yahnke LLC increased its holdings in shares of Science Applications International by 3.7% in the 4th quarter. Dowling & Yahnke LLC now owns 22,849 shares of the information technology services provider’s stock valued at $1,750,000 after acquiring an additional 808 shares during the last quarter. Strs Ohio increased its holdings in shares of Science Applications International by 23.7% in the 4th quarter. Strs Ohio now owns 4,700 shares of the information technology services provider’s stock valued at $359,000 after acquiring an additional 900 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Science Applications International by 3.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 27,125 shares of the information technology services provider’s stock valued at $2,077,000 after acquiring an additional 908 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its holdings in shares of Science Applications International by 24.5% in the 4th quarter. Meadow Creek Investment Management LLC now owns 5,264 shares of the information technology services provider’s stock valued at $403,000 after acquiring an additional 1,036 shares during the last quarter. Institutional investors and hedge funds own 64.63% of the company’s stock.

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Science Applications International Company Profile

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.

Earnings History for Science Applications International (NYSE:SAIC)

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