Science Applications International (NASDAQ:SAIC) Announces Earnings Results, Beats Expectations By $0.70 EPS

Science Applications International (NASDAQ:SAIC) announced its earnings results on Monday. The company reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.70, FiscalAI reports. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.76 billion.

Science Applications International Price Performance

SAIC opened at $125.96 on Monday. The company has a market cap of $5.33 billion, a P/E ratio of 14.18 and a beta of 0.28. The business’s 50-day moving average price is $118.02 and its 200-day moving average price is $104.55. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73. Science Applications International has a 12 month low of $81.08 and a 12 month high of $130.98.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be issued a $0.37 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. Science Applications International’s payout ratio is currently 16.67%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SAIC shares. Truist Financial reissued a “hold” rating and issued a $110.00 price target (up from $95.00) on shares of Science Applications International in a report on Tuesday, June 2nd. Citigroup upped their target price on shares of Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Weiss Ratings raised Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 24th. Jefferies Financial Group raised their price target on Science Applications International from $115.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, August 19th. Finally, TD Cowen dropped their price target on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $116.89.

Hedge Funds Weigh In On Science Applications International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management LLC bought a new position in shares of Science Applications International in the fourth quarter worth approximately $25,000. Transamerica Financial Advisors LLC raised its holdings in Science Applications International by 477.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock valued at $26,000 after buying an additional 215 shares during the last quarter. Rakuten Securities Inc. boosted its position in Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after buying an additional 249 shares during the period. Wexford Capital LP bought a new stake in Science Applications International in the 3rd quarter worth $29,000. Finally, Global Retirement Partners LLC bought a new stake in Science Applications International in the 4th quarter worth $35,000. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.