Science Applications International Corp (SAIC) Anticipated to Post FY2019 Revenue of $4.55 Per Share

Science Applications International Corp (SAIC) Anticipated to Post FY2019 Revenue of $4.55 Per Share

Science Applications International Corp (NYSE:SAIC) – Investment analysts at Jefferies Financial Group dropped their FY2019 earnings estimates for Science Applications International in a report released on Monday, March 11th. Jefferies Financial Group analyst S. Kahyaoglu now forecasts that the information technology services provider will post earnings of $4.55 per share for the year, down from their prior forecast of $4.60. Jefferies Financial Group also issued estimates for Science Applications International’s Q4 2019 earnings at $0.94 EPS, Q1 2020 earnings at $0.97 EPS, Q2 2020 earnings at $0.98 EPS, Q3 2020 earnings at $1.15 EPS, Q4 2020 earnings at $1.18 EPS, FY2020 earnings at $4.40 EPS, FY2021 earnings at $5.15 EPS and FY2022 earnings at $6.00 EPS.

Several other analysts have also weighed in on the company. Citigroup initiated coverage on Science Applications International in a report on Tuesday, February 19th. They set a “buy” rating on the stock. Wells Fargo & Co restated a “hold” rating on shares of Science Applications International in a report on Friday, January 11th. Drexel Hamilton restated a “buy” rating and set a $90.00 price target on shares of Science Applications International in a report on Thursday, January 24th. Zacks Investment Research lowered Science Applications International from a “hold” rating to a “sell” rating in a report on Thursday, November 22nd. Finally, ValuEngine upgraded Science Applications International from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $84.29.

NYSE:SAIC opened at $73.30 on Thursday. Science Applications International has a fifty-two week low of $58.19 and a fifty-two week high of $93.31. The firm has a market cap of $3.08 billion, a P/E ratio of 15.19, a P/E/G ratio of 2.69 and a beta of 1.56. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.40 and a current ratio of 1.57.

A number of large investors have recently added to or reduced their stakes in SAIC. Russell Investments Group Ltd. grew its stake in Science Applications International by 192.6% during the third quarter. Russell Investments Group Ltd. now owns 21,993 shares of the information technology services provider’s stock worth $1,772,000 after buying an additional 14,476 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in Science Applications International during the third quarter worth about $1,162,000. Commonwealth Bank of Australia bought a new stake in Science Applications International during the third quarter worth about $403,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Science Applications International by 25.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17,057 shares of the information technology services provider’s stock worth $1,375,000 after buying an additional 3,440 shares during the last quarter. Finally, AXA grew its stake in Science Applications International by 10.2% during the third quarter. AXA now owns 55,206 shares of the information technology services provider’s stock worth $4,450,000 after buying an additional 5,090 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

Science Applications International Company Profile

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.

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