Science Applications International Co. (NYSE:SAIC) Declares $0.37 Quarterly Dividend

Key Points

• Science Applications International Co. has declared a quarterly dividend of $0.37 per share, payable on October 24th to shareholders of record on October 10th, reflecting an annualized yield of 1.3%.
• The company reported earnings of $1.92 EPS for the last quarter, falling short of expectations, while also projecting FY 2026 EPS guidance between 9.100 and 9.300.
• Institutional investors hold 76% of the company’s stock, with significant recent investments by firms including LSV Asset Management and Norges Bank.

Science Applications International Co. (NYSE:SAIC - Get Free Report) announced a quarterly dividend on Thursday, August 28th, RTT News reports. Shareholders of record on Friday, October 10th will be paid a dividend of 0.37 per share by the information technology services provider on Friday, October 24th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, October 10th.

Science Applications International Price Performance

NYSE SAIC traded down $2.64 on Wednesday, reaching $115.63. The company had a trading volume of 328,390 shares, compared to its average volume of 641,150. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.42 billion, a PE ratio of 19.51 and a beta of 0.49. The firm's 50 day moving average price is $115.43 and its 200 day moving average price is $112.64. Science Applications International has a 12 month low of $94.68 and a 12 month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. During the same quarter in the prior year, the company earned $1.92 earnings per share. The business's revenue was up 1.6% on a year-over-year basis. As a group, equities analysts predict that Science Applications International will post 8.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SAIC. Barclays dropped their price objective on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research note on Monday, June 9th. Truist Financial lifted their price objective on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Wells Fargo & Company lifted their price objective on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. UBS Group dropped their price objective on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. Finally, Jefferies Financial Group lifted their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Science Applications International has an average rating of "Hold" and a consensus price target of $125.64.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.