News articles about Science Applications International (NYSE:SAIC) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Science Applications International earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the information technology services provider an impact score of 46.6401738949319 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Science Applications International Target of Unusually High Options Trading (SAIC) (americanbankingnews.com)
- Here's Why SAIC Is Spending $2.5 Billion to Expand Its Government IT Business (finance.yahoo.com)
- Science Applications International Corp — Moody’s changes rating outlook of SAIC to negative from stable, affirms ratings including Ba2 CFR on plan to acquire Engility (finance.yahoo.com)
- Science Applications International Corp (SAIC) to Post Q4 2019 Earnings of $1.04 Per Share, SunTrust Banks Forecasts (americanbankingnews.com)
- Q3 2019 Earnings Forecast for Science Applications International Corp Issued By Jefferies Financial Group (SAIC) (americanbankingnews.com)
NYSE SAIC opened at $78.51 on Friday. Science Applications International has a 52-week low of $61.27 and a 52-week high of $93.31. The company has a market capitalization of $3.33 billion, a PE ratio of 17.85, a P/E/G ratio of 3.46 and a beta of 1.40. The company has a quick ratio of 1.18, a current ratio of 1.40 and a debt-to-equity ratio of 2.61.
Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, September 10th. The information technology services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.14. Science Applications International had a return on equity of 57.27% and a net margin of 4.21%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. sell-side analysts predict that Science Applications International will post 4.53 EPS for the current fiscal year.
Several analysts have weighed in on the stock. Vertical Research lowered shares of Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Tuesday. Cowen restated a “hold” rating and set a $82.00 price target on shares of Science Applications International in a research report on Tuesday. Wells Fargo & Co reiterated a “hold” rating and issued a $84.00 target price (down previously from $88.00) on shares of Science Applications International in a research report on Monday. Zacks Investment Research lowered shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Finally, Drexel Hamilton lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 13th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $85.29.
In other Science Applications International news, CEO Anthony J. Moraco sold 21,737 shares of the stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $81.32, for a total transaction of $1,767,652.84. Following the transaction, the chief executive officer now owns 61,249 shares in the company, valued at $4,980,768.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 22,322 shares of company stock worth $1,814,728. Corporate insiders own 2.05% 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.
Further Reading: Stock Symbols and CUSIP Explained
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