Science Applications International Corp(NYSE: SAIC) has reported the adjusted earnings per share of $0.79 in the fourth quarter 2016  as compared to $0.74 in the prior year while the company reported that their adjusted revenue fell 4.2 percent to $1.03 billion in the fourth quarter 2016. The fall in the revenue in the fourth quarter due to lower subcontractor activity within the AMCOM contract portfolio ($12 million), the re-compete loss of an IT integration program for the Department of Homeland Security ($8 million), customer led delays on a Marine Corp IT services program ($12 million), various other decreases across the contract portfolio and one less productive day in the quarter ($17 million). These fall were partially offset by revenues on newly awarded programs including the Amphibious Combat Vehicle (ACV) and GSA Enterprise Operations programs ($47 million). As a result the stock lost over 13.1% on March 30^th, 2017 (Source: Google finance).

However, Science Applications International revenues for the FY 16 grew 3% to $135 million, due to revenues earned on contracts obtained through the acquisition of Scitor revenues on newly awarded programs including the ACV and GSA Enterprise Operations programs ($138 million) and revenues due to one additional week in the current year period ($88 million). These increases were partially offset by lower activity on the supply chain and logistics services programs as the result of the loss of two contracts in the prior year ($75 million), the expected decline on the Assault Amphibious Vehicle program as the completion of the prototyping phase ($25 million).

During the fourth quarter 2016, Science Applications International has deployed $51 million of capital, consisting of $13 million in cash dividends and $38 million in plan share repurchases (457 thousand shares) under SAIC’s previously announced share repurchase program.

Science Applications International has declared a cash dividend of $0.31 per share of the company’s common stock payable on April 28th, 2017 to stockholders of record on April 14th, 2017.

Science Applications International noted that its estimated backlog of signed business orders at the end of fiscal 2017 was about $8.0 billion. Of that total, around $1.8 billion was funded. Its book-to-bill ratio was around 0.8 in the fourth quarter, and 1.2 for the full year.

Science Applications International stock has risen 58.7% in the last one year (source: Google Finance). According to tipranks.com, 3 analysts has covered the stock while recommend a “Moderate Buy”.  SAIC has an average price target of $95.50, which is a further upside of 27.38%.