Stock Earnings Report: Science Applications International Corp (NYSE:SAIC)

Shares of Science Applications International Corp (NYSE:SAIC) jumped 4.54% to reach at $85.91 during previous trading session. The company has experienced volume of 1,099,400 shares while on average the company has a capacity of trading 305.85K share.

Science Applications International Corp (NYSE:SAIC) a leading technology integrator providing full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets, on December 8, 2016 announced financial results for the third quarter ended November 4, 2016.

Revenues for the third quarter were $1,114 million compared to $1,136 million during the prior year quarter, which represents a decrease of $22 million. Newly awarded programs, such as the Amphibious Combat Vehicle and GSA Enterprise Operations, generated revenues of $47 million during the current quarter.
Operating income for the quarter was $74 million, or 6.6% of revenues, up from 5.6% for the prior year quarter. The increase was primarily due to lower intangible asset amortization ($5 million), higher net favorable changes in estimates on contracts accounted for using the percentage-of-completion method ($4 million), lower employee benefits expense and a decrease in acquisition and integration costs. These increases were partially offset by increased spending on independent research and development projects and bid and proposal activity.

Net income for the quarter increased $8 million from the comparable prior year period primarily due to increased operating income ($7 million, net of tax) and a lower effective tax rate ($2 million) primarily due to increased research and development credits in the current year. These increases were partially offset by increased interest expense due to costs associated with the amendment to our credit facility.

Science Applications International Corp (NYSE:SAIC) holds the market capitalization of $3.81B along with 44.00M outstanding shares. During the last trade, stock’s minimum price has been reached out at $78.99 while the maximum trading price moved at $87.82. Science Applications International Corp (NYSE:SAIC) marked 52-week highest price level of $84.68 on 12/08/16 and 52-week lowest price level of $39.14 on 02/08/16. For the stock, price target value has been calculated at $76.33 based on calls of 6 experts. Stock’s minimum price target estimates has been figured out at $62.00 while the maximum price target forecast is established at $86.00.

As of current trade, Science Applications International Corp (NYSE:SAIC) has shown weekly upbeat performance of 6.46%. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 84.13%. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 91.98%. Shares of Science Applications International Corp (NYSE:SAIC) currently have an ABR of 2.00, derived from a total of 6 opinions. The company’s price sits 16.85% above from its 50-day moving average of $76.15 and 42.17% above from the stock’s 200-day moving average of $65.52. The company has Relative Strength Index (RSI 14) of 74.83 along with Average True Range (ATR 14) of 2.22. Its weekly and monthly volatility is 3.30%, 2.87% respectively.

Science Applications International Corp (NYSE:SAIC) currently has a PEG ratio of 6.08 where as its P/E ratio is 30.40. The company’s price to sales ratio for trailing twelve months is 0.84 and price to book ratio for most recent quarter is 10.58, whereas price to cash per share for the most recent quarter is 32.85. Science Applications International Corp (NYSE:SAIC)’s price to free cash flow for trailing twelve months is 23.91. Its current ratio for most recent quarter of 1.30. Total debt to equity ratio of the company for most recent quarter is 2.88 whereas long term debt to equity ratio for most recent quarter is 2.71. Science Applications International Corp (NYSE:SAIC) has a Return on Assets of 6.20%. The company currently has a Return on Equity of 35.20% and Return on Investment of 11.10%.

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