Science Applications International (NYSE:SAIC) Posts Earnings Results

Key Points

• Science Applications International (SAIC) reported $3.63 earnings per share for the quarter, significantly exceeding the analysts' estimate of $2.25, although revenue fell short at $1.77 billion against predictions of $1.87 billion.
• The company's stock experienced a 3.5% decline following the earnings announcement, with a current market cap of $5.35 billion and a price-to-earnings ratio of 19.24.
• SAIC announced a quarterly dividend of $0.37 per share, reflecting a 1.3% yield and a payout ratio of 20.76% as it prepares for future fiscal projections.

Science Applications International (NYSE:SAIC - Get Free Report) issued its quarterly earnings data on Thursday. The information technology services provider reported $3.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $1.38, Briefing.com reports. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.During the same period last year, the company earned $2.05 earnings per share. The firm's revenue was down 2.7% compared to the same quarter last year. Science Applications International updated its FY 2026 guidance to 9.400-9.600 EPS.

Science Applications International Stock Down 3.5%

Shares of NYSE:SAIC opened at $114.11 on Thursday. The business's 50 day moving average is $115.56 and its 200 day moving average is $112.66. Science Applications International has a 12-month low of $94.68 and a 12-month high of $156.34. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 19.24 and a beta of 0.49. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, October 10th. Science Applications International's dividend payout ratio (DPR) is currently 20.76%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SAIC. Stifel Nicolaus assumed coverage on shares of Science Applications International in a research note on Tuesday, June 24th. They set a "buy" rating and a $130.00 target price for the company. Truist Financial raised their target price on Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Barclays lowered their target price on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. UBS Group reduced 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 report on Tuesday, June 3rd. Finally, Jefferies Financial Group boosted their target price on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $125.64.

Hedge Funds Weigh In On Science Applications International

Hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. raised its holdings in shares of Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider's stock valued at $30,000 after purchasing an additional 249 shares during the last quarter. WFA of San Diego LLC purchased a new position in Science Applications International during the second quarter worth about $56,000. Flow Traders U.S. LLC bought a new stake in Science Applications International in the 2nd quarter worth about $205,000. EP Wealth Advisors LLC purchased a new stake in Science Applications International in the 2nd quarter valued at about $208,000. Finally, Cresset Asset Management LLC lifted its position in shares of Science Applications International by 4.4% during the 2nd quarter. Cresset Asset Management LLC now owns 2,075 shares of the information technology services provider's stock worth $234,000 after buying an additional 88 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.

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