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

Science Applications International (NYSE:SAIC) is anticipated to post its quarterly earnings results before the market opens on Monday, March 17th. Analysts expect Science Applications International to post earnings of $2.00 per share and revenue of $1.81 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Science Applications International Stock Up 0.2 %

Shares of SAIC stock opened at $104.43 on Friday. 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 firm’s 50-day moving average is $107.44 and its 200-day moving average is $123.14. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 17.61 and a beta of 0.66. Science Applications International has a 52-week low of $94.68 and a 52-week high of $156.34.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. Science Applications International’s payout ratio is 24.96%.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now directly owns 6,864 shares of the company’s stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group decreased their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $136.11.

About Science Applications International

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.