Science Applications International Corp (NYSE:SAIC) – Equities research analysts at Jefferies Financial Group lowered their FY2020 earnings per share (EPS) estimates for Science Applications International in a research note issued to investors on Monday, January 7th, Zacks Investment Research reports. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the information technology services provider will post earnings of $4.40 per share for the year, down from their prior forecast of $4.85. Jefferies Financial Group also issued estimates for Science Applications International’s FY2021 earnings at $4.70 EPS.
Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, December 6th. The information technology services provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.21. Science Applications International had a return on equity of 57.96% and a net margin of 4.29%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company posted $0.98 earnings per share. Science Applications International’s quarterly revenue was up 2.8% on a year-over-year basis.
Other equities analysts also recently issued research reports about the company. Drexel Hamilton reiterated a “buy” rating and issued a $90.00 price objective on shares of Science Applications International in a research note on Thursday, January 24th. Zacks Investment Research downgraded Science Applications International from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Wells Fargo & Co reiterated a “hold” rating on shares of Science Applications International in a research note on Sunday, December 9th. Finally, ValuEngine downgraded Science Applications International from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $82.86.
Science Applications International stock traded up $0.47 during trading on Thursday, hitting $67.61. The stock had a trading volume of 452,879 shares, compared to its average volume of 607,229. Science Applications International has a 1 year low of $58.19 and a 1 year high of $93.31. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 2.50. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 2.71 and a beta of 1.50.
Several large investors have recently bought and sold shares of the business. Wilsey Asset Management Inc. purchased a new stake in shares of Science Applications International in the fourth quarter worth $144,000. Point72 Hong Kong Ltd raised its position in shares of Science Applications International by 219.4% in the second quarter. Point72 Hong Kong Ltd now owns 2,616 shares of the information technology services provider’s stock worth $212,000 after buying an additional 1,797 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Science Applications International in the third quarter worth $243,000. Savant Capital LLC purchased a new stake in shares of Science Applications International in the third quarter worth $249,000. Finally, CWM LLC raised its position in shares of Science Applications International by 55,450.0% in the third quarter. CWM LLC now owns 3,333 shares of the information technology services provider’s stock worth $269,000 after buying an additional 3,327 shares in the last quarter. Hedge funds and other institutional investors own 66.92% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Friday, January 11th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, January 10th. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. Science Applications International’s dividend payout ratio is currently 35.13%.
About Science Applications International
Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; 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 design, development, integration, deployment, management and operations, sustainment, and security of its customers’ IT infrastructure.