Science Applications International Corp (NYSE:SAIC) – Stock analysts at SunTrust Banks cut their FY2020 earnings per share estimates for Science Applications International in a report released on Thursday, December 5th, Zacks Investment Research reports. SunTrust Banks analyst T. Sommer now forecasts that the information technology services provider will earn $5.42 per share for the year, down from their previous estimate of $5.48. SunTrust Banks also issued estimates for Science Applications International’s Q4 2020 earnings at $1.31 EPS, Q1 2021 earnings at $1.44 EPS, Q2 2021 earnings at $1.46 EPS, Q3 2021 earnings at $1.65 EPS, Q4 2021 earnings at $1.46 EPS, FY2021 earnings at $6.00 EPS, Q1 2022 earnings at $1.73 EPS, Q2 2022 earnings at $1.68 EPS, Q3 2022 earnings at $1.94 EPS and FY2022 earnings at $7.08 EPS.
Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, December 5th. The information technology services provider reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by ($0.04). The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Science Applications International had a net margin of 2.62% and a return on equity of 22.10%. The business’s revenue was up 38.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.35 earnings per share.
A number of other analysts have also recently commented on SAIC. JPMorgan Chase & Co. assumed coverage on shares of Science Applications International in a research report on Tuesday, September 24th. They set an “overweight” rating and a $102.00 price target on the stock. Barclays assumed coverage on Science Applications International in a research note on Friday, September 20th. They issued an “overweight” rating and a $105.00 price objective on the stock. ValuEngine raised Science Applications International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 12th. Finally, Cowen reiterated a “buy” rating and issued a $102.00 target price on shares of Science Applications International in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Science Applications International has an average rating of “Buy” and an average target price of $98.50.
Shares of NYSE:SAIC traded down $1.15 during trading on Monday, reaching $88.34. The stock had a trading volume of 177,400 shares, compared to its average volume of 416,664. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 2.95 and a beta of 1.31. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.07 and a current ratio of 1.20. Science Applications International has a 52 week low of $58.19 and a 52 week high of $92.49. The firm’s fifty day moving average is $84.10 and its 200 day moving average is $84.56.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.48 annualized dividend and a dividend yield of 1.68%. Science Applications International’s dividend payout ratio is currently 29.37%.
In other news, Director John J. Hamre sold 10,000 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $86.43, for a total transaction of $864,300.00. Following the transaction, the director now owns 21,121 shares of the company’s stock, valued at approximately $1,825,488.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.64% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in Science Applications International by 7.8% during the 2nd quarter. BlackRock Inc. now owns 6,213,830 shares of the information technology services provider’s stock valued at $537,868,000 after purchasing an additional 447,661 shares in the last quarter. Boston Partners increased its position in shares of Science Applications International by 111.1% during the second quarter. Boston Partners now owns 2,605,620 shares of the information technology services provider’s stock worth $225,565,000 after acquiring an additional 1,371,022 shares in the last quarter. Millennium Management LLC increased its position in shares of Science Applications International by 183.1% during the third quarter. Millennium Management LLC now owns 844,589 shares of the information technology services provider’s stock worth $73,774,000 after acquiring an additional 546,291 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Science Applications International by 1.3% in the 2nd quarter. Northern Trust Corp now owns 833,725 shares of the information technology services provider’s stock worth $72,167,000 after acquiring an additional 10,388 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Science Applications International by 4,190.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 592,094 shares of the information technology services provider’s stock worth $51,252,000 after acquiring an additional 578,294 shares during the last quarter. 77.19% of the stock is currently owned by institutional investors.
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.
