Science Applications International (SAIC) Projected to Post Quarterly Earnings on Monday

Science Applications International (NYSE:SAIC - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Monday, June 2nd. Analysts expect the company to announce earnings of $2.17 per share and revenue of $1.87 billion for the quarter. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS and its FY26 guidance at $9.10-9.30 EPS.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the previous year, the firm posted $1.43 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts expect Science Applications International to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Science Applications International Stock Up 2.3%

Shares of SAIC traded up $2.65 during mid-day trading on Tuesday, reaching $119.93. The company had a trading volume of 430,540 shares, compared to its average volume of 512,217. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a 50-day moving average price of $116.54 and a 200 day moving average price of $114.20. Science Applications International has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 20.22 and a beta of 0.55.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.37 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.23%. Science Applications International's payout ratio is currently 20.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SAIC shares. Jefferies Financial Group boosted their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. UBS Group upped their price objective on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. cut their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company cut their price target on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Truist Financial cut their price target on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Science Applications International currently has a consensus rating of "Hold" and an average price target of $131.20.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Milford W. Mcguirt purchased 500 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $110.58 per share, with a total value of $55,290.00. Following the acquisition, the director now owns 6,841 shares in the company, valued at approximately $756,477.78. The trade was a 7.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Toni Townes-Whitley acquired 2,000 shares of Science Applications International stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the transaction, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. This trade represents a 4.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 3,260 shares of company stock valued at $365,037 in the last 90 days. Insiders own 0.44% of the company's stock.

Institutional Investors Weigh In On Science Applications International

Several institutional investors have recently bought and sold shares of SAIC. Goldman Sachs Group Inc. lifted its position in Science Applications International by 22.2% during the first quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the information technology services provider's stock valued at $16,454,000 after purchasing an additional 26,633 shares during the period. Empowered Funds LLC increased its holdings in Science Applications International by 93.2% in the first quarter. Empowered Funds LLC now owns 10,722 shares of the information technology services provider's stock valued at $1,204,000 after buying an additional 5,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in 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 information technology services provider's stock valued at $16,863,000 after buying an additional 7,816 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in Science Applications International by 3.3% in the first quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider's stock valued at $326,000 after buying an additional 94 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

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.