Brokerages Expect Science Applications International Corp (NYSE:SAIC) Will Announce Quarterly Sales of $1.64 Billion

Equities research analysts expect Science Applications International Corp (NYSE:SAIC) to report $1.64 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Science Applications International’s earnings. The highest sales estimate is $1.69 billion and the lowest is $1.60 billion. Science Applications International reported sales of $1.18 billion in the same quarter last year, which would suggest a positive year over year growth rate of 39%. The firm is expected to report its next earnings report on Thursday, December 5th.

According to Zacks, analysts expect that Science Applications International will report full year sales of $6.48 billion for the current fiscal year, with estimates ranging from $6.40 billion to $6.61 billion. For the next fiscal year, analysts anticipate that the company will report sales of $6.74 billion, with estimates ranging from $6.59 billion to $6.87 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Science Applications International.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, September 5th. The information technology services provider reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.08. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.63 billion. Science Applications International had a net margin of 2.71% and a return on equity of 23.15%. The firm’s quarterly revenue was up 43.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 EPS.

Several brokerages have recently weighed in on SAIC. ValuEngine lowered shares of Science Applications International from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Morgan Stanley reiterated a “buy” rating and set a $96.00 price objective on shares of Science Applications International in a report on Wednesday, June 12th. Wells Fargo & Co reiterated a “buy” rating on shares of Science Applications International in a report on Friday, June 7th. Cowen upgraded shares of Science Applications International from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $92.00 to $102.00 in a report on Monday, September 9th. Finally, SunTrust Banks increased their price objective on shares of Science Applications International from $100.00 to $130.00 and gave the stock an “average” rating in a report on Friday, June 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $97.22.

Large investors have recently modified their holdings of the business. TRUE Private Wealth Advisors acquired a new stake in shares of Science Applications International during the second quarter worth approximately $30,000. Advisory Services Network LLC grew its position in shares of Science Applications International by 54.5% during the second quarter. Advisory Services Network LLC now owns 499 shares of the information technology services provider’s stock worth $43,000 after buying an additional 176 shares in the last quarter. Royce & Associates LP grew its position in shares of Science Applications International by 23.6% during the first quarter. Royce & Associates LP now owns 696 shares of the information technology services provider’s stock worth $54,000 after buying an additional 133 shares in the last quarter. Advisor Group Inc. grew its position in shares of Science Applications International by 53.0% during the second quarter. Advisor Group Inc. now owns 1,457 shares of the information technology services provider’s stock worth $126,000 after buying an additional 505 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Science Applications International by 34.9% during the first quarter. Bank of Montreal Can now owns 2,557 shares of the information technology services provider’s stock worth $196,000 after buying an additional 662 shares in the last quarter. 79.80% of the stock is owned by institutional investors.

NYSE:SAIC traded down $0.50 on Monday, reaching $83.75. The stock had a trading volume of 370,862 shares, compared to its average volume of 451,348. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 2.77 and a beta of 1.35. Science Applications International has a 12-month low of $58.19 and a 12-month high of $92.49. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.06. The firm’s fifty day moving average is $84.34 and its two-hundred day moving average is $80.24.

About Science Applications International

Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.

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