Science Applications International (NASDAQ:SAIC) Announces Quarterly Earnings Results, Beats Estimates By $0.97 EPS

Science Applications International (NASDAQ:SAIC) issued its quarterly earnings data on Monday. The company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.97, FiscalAI reports. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%.

Science Applications International Stock Performance

Shares of SAIC stock opened at $104.20 on Monday. The business’s fifty day simple moving average is $96.43 and its 200-day simple moving average is $96.74. The company has a market cap of $4.52 billion, a PE ratio of 13.55 and a beta of 0.29. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.65. Science Applications International has a 12-month low of $81.08 and a 12-month high of $121.05.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. Science Applications International’s dividend payout ratio is presently 19.25%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SAIC. Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a report on Friday, March 27th. Truist Financial cut their price objective on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a report on Tuesday, March 17th. Citigroup cut their price objective on shares of Science Applications International from $133.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. BNP Paribas Exane began coverage on shares of Science Applications International in a report on Wednesday, May 27th. They set a “neutral” rating and a $95.00 price objective on the stock. Finally, Stifel Nicolaus cut their price objective on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.20.

Hedge Funds Weigh In On Science Applications International

Large investors have recently made changes to their positions in the business. Jump Financial LLC acquired a new stake in shares of Science Applications International during the fourth quarter worth $324,000. Mangrove Partners IM LLC acquired a new stake in shares of Science Applications International during the fourth quarter worth $250,000. Advisory Services Network LLC acquired a new stake in shares of Science Applications International during the third quarter worth $69,000. WFA of San Diego LLC acquired a new stake in shares of Science Applications International during the second quarter worth $56,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Science Applications International during the second quarter worth $208,000. 76.00% of the stock is owned by institutional investors and hedge funds.

About Science Applications International

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.