Science Applications International (NASDAQ:SAIC) Announces Quarterly Earnings Results

Key Points

• Science Applications International exceeded quarterly expectations, reporting EPS of $3.01 versus the $2.31 consensus and revenue of $1.88 billion versus estimates of $1.76 billion.
• The company declared a quarterly dividend of $0.37, equivalent to $1.48 annually and a 1.2% yield; the dividend is payable October 23 to shareholders of record October 9.
• Analysts maintain a consensus “Hold” rating with an average price target of $116.89, while institutional investors own approximately 76% of the company’s shares.

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

Science Applications International Price Performance

Shares of NASDAQ SAIC opened at $125.96 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.16 and a current ratio of 1.16. Science Applications International has a fifty-two week low of $81.08 and a fifty-two week high of $130.98. The stock has a market cap of $5.33 billion, a PE ratio of 14.18 and a beta of 0.28. The stock has a fifty day moving average of $118.02 and a 200-day moving average of $104.55.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be given 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 16.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in Science Applications International by 22.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company's stock valued at $16,454,000 after purchasing an additional 26,633 shares during the period. Empowered Funds LLC increased its holdings in shares of Science Applications International by 93.2% in the first quarter. Empowered Funds LLC now owns 10,722 shares of the company's stock worth $1,204,000 after purchasing an additional 5,173 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Science Applications International by 5.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the company's stock worth $16,863,000 after buying an additional 7,816 shares in the last quarter. Focus Partners Wealth raised its position in shares of Science Applications International by 3.3% in the first quarter. Focus Partners Wealth now owns 2,900 shares of the company's stock worth $326,000 after buying an additional 94 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in Science Applications International by 1.0% during the second quarter. Baird Financial Group Inc. now owns 17,335 shares of the company's stock valued at $1,952,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 76.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup increased their price target on shares of Science Applications International from $120.00 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, June 2nd. BNP Paribas Exane initiated coverage on shares of Science Applications International in a research report on Wednesday, May 27th. They issued a "neutral" rating and a $95.00 price objective on the stock. TD Cowen dropped their target price on shares of Science Applications International from $130.00 to $125.00 and set a "hold" rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings raised shares of Science Applications International from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 24th. Finally, Wall Street Zen upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $116.89.

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.

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