Science Applications International (SAIC) Projected to Post Quarterly Earnings on Monday

Science Applications International (NYSE:SAIC) is expected to issue its quarterly earnings data before the market opens on Monday, March 17th. Analysts expect the company to announce earnings of $2.00 per share and revenue of $1.81 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Science Applications International Trading Up 8.9 %

Shares of SAIC stock opened at $111.25 on Monday. Science Applications International has a 52-week low of $94.68 and a 52-week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a 50-day simple moving average of $108.03 and a two-hundred day simple moving average of $123.89. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 18.76 and a beta of 0.66.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International’s dividend payout ratio is currently 24.96%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SAIC. The Goldman Sachs Group reduced their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International has a consensus rating of “Hold” and a consensus target price of $136.11.

Insider Activity

In other Science Applications International news, EVP Barbara Supplee bought 425 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the transaction, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% 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. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.