Science Applications International (NASDAQ:SAIC) Announces Earnings Results, Beats Expectations By $1.38 EPS

Key Points

• Science Applications International Corporation (SAIC) reported a quarterly earnings per share (EPS) of $3.63, exceeding the consensus estimate of $2.25 by $1.38.
• The company declared a quarterly dividend of $0.37 per share, resulting in an annualized dividend of $1.48 and a yield of 1.3%.
• SAIC's stock experienced a 3.5% decline following the earnings release, while analysts downgraded its rating from "strong-buy" to "hold."

Science Applications International (NASDAQ:SAIC - Get Free Report) issued its earnings results on Thursday. The company reported $3.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $1.38, Zacks reports. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.86 billion. Science Applications International had a return on equity of 33.36% and a net margin of 5.35%.

Science Applications International Stock Performance

Shares of NASDAQ SAIC traded down $2.33 during trading hours on Monday, hitting $102.60. The stock had a trading volume of 863,355 shares, compared to its average volume of 652,019. The company's 50-day moving average price is $115.42. Science Applications International has a 52 week low of $94.68 and a 52 week high of $156.34. The firm has a market capitalization of $4.72 billion, a P/E ratio of 12.42 and a beta of 0.49. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.22.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, October 10th. Science Applications International's payout ratio is currently 17.92%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Science Applications International from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 7th.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.