Science Applications International (SAIC) Issues Earnings Results

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

NYSE:SAIC opened at $78.80 on Friday. The company has a market capitalization of $3,369.95, a price-to-earnings ratio of 19.22, a PEG ratio of 3.89 and a beta of 1.51. Science Applications International has a 1-year low of $60.21 and a 1-year high of $88.49. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.37 and a quick ratio of 1.15.

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The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be given 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%.

A number of analysts have commented on SAIC shares. Zacks Investment Research raised shares of Science Applications International from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Jefferies Group reaffirmed a “hold” rating and set a $78.00 target price on shares of Science Applications International in a report on Monday, January 8th. Cowen reaffirmed a “hold” rating and set a $72.00 target price on shares of Science Applications International in a report on Friday, December 8th. Finally, Vertical Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $82.13.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. bought a new position in shares of Science Applications International in the fourth quarter worth approximately $330,000. We Are One Seven LLC bought a new position in shares of Science Applications International in the fourth quarter worth approximately $124,000. MetLife Investment Advisors LLC bought a new position in shares of Science Applications International in the fourth quarter worth approximately $3,620,000. Millennium Management LLC bought a new position in shares of Science Applications International in the fourth quarter worth approximately $4,499,000. Finally, Meadow Creek Investment Management LLC boosted its position in shares of Science Applications International by 24.5% in the fourth quarter. Meadow Creek Investment Management LLC now owns 5,264 shares of the information technology services provider’s stock worth $403,000 after purchasing an additional 1,036 shares during the period. Institutional investors and hedge funds own 64.63% 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.

Earnings History for Science Applications International (NYSE:SAIC)

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