Science Applications International (SAIC) to Release Earnings on Monday

Key Points

• Science Applications International (SAIC) will report quarterly results before the market opens on Monday, March 16, with analysts forecasting EPS $1.79 and revenue $1.7765 billion.
• In the prior quarter SAIC beat EPS estimates ($2.58 vs. $2.07) while revenue declined 5.6% year‑over‑year; analysts now expect about $8 EPS for the current fiscal year and $9 for the next.
• The stock trades near $95.40 with a market cap of $4.31 billion and a consensus analyst rating of "Hold" (target ~$116.44); CEO James Reagan recently bought 1,000 shares, and institutions own roughly 76% of the stock.

Science Applications International (NYSE:SAIC - Get Free Report) is projected to announce its results before the market opens on Monday, March 16th. Analysts expect the company to announce earnings of $1.79 per share and revenue of $1.7765 billion for the quarter.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.07 by $0.51. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $2.61 EPS. The company's revenue was down 5.6% on a year-over-year basis. On average, analysts expect Science Applications International to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Science Applications International Stock Up 2.1%

Shares of SAIC stock opened at $95.40 on Monday. Science Applications International has a 12 month low of $81.08 and a 12 month high of $124.11. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market cap of $4.31 billion, a PE ratio of 16.09 and a beta of 0.31. The stock has a 50 day moving average of $99.42 and a 200-day moving average of $99.20.

Insider Activity at Science Applications International

In other Science Applications International news, CEO James Reagan bought 1,000 shares of the firm's stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average cost of $100.17 per share, for a total transaction of $100,170.00. Following the transaction, the chief executive officer owned 26,460 shares in the company, valued at approximately $2,650,498.20. The trade was a 3.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.44% of the company's stock.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. lifted its position in shares of Science Applications International by 20.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the information technology services provider's stock worth $264,429,000 after buying an additional 441,296 shares during the period. First Trust Advisors LP grew its position in Science Applications International by 25.9% in the fourth quarter. First Trust Advisors LP now owns 1,912,390 shares of the information technology services provider's stock valued at $192,501,000 after acquiring an additional 393,344 shares during the period. Dimensional Fund Advisors LP raised its stake in Science Applications International by 15.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,350,222 shares of the information technology services provider's stock worth $135,920,000 after acquiring an additional 176,160 shares in the last quarter. AQR Capital Management LLC raised its stake in Science Applications International by 36.3% during the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the information technology services provider's stock worth $143,578,000 after acquiring an additional 347,456 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Science Applications International by 3.1% during the third quarter. Invesco Ltd. now owns 910,936 shares of the information technology services provider's stock valued at $90,520,000 after acquiring an additional 27,548 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on SAIC. Citigroup upped their target price on shares of Science Applications International from $122.00 to $133.00 and gave the company a "buy" rating in a research note on Tuesday, January 13th. UBS Group boosted their price objective on shares of Science Applications International from $110.00 to $113.00 and gave the stock a "neutral" rating in a report on Monday, December 8th. JPMorgan Chase & Co. upped their price objective on shares of Science Applications International from $115.00 to $125.00 and gave the company a "neutral" rating in a research report on Friday, December 5th. Finally, The Goldman Sachs Group reduced their target price on shares of Science Applications International from $94.00 to $82.00 and set a "sell" rating for the company in a research note on Thursday, February 12th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Science Applications International has a consensus rating of "Hold" and a consensus target price of $116.44.

About Science Applications International

Science Applications International Corp. NYSE: SAIC is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC's offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company's core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.