Science Applications International (SAIC) to Release Quarterly Earnings on Thursday

Key Points

• Science Applications International (SAIC) is set to announce its quarterly earnings on September 4th, with analysts predicting $2.25 earnings per share and $1.866 billion in revenue.
• The company recently reported a net margin of 4.11% and return on equity of 24.18% for the last quarter, missing the consensus earnings estimate of $2.17 per share.
• Institutional investors own 76% of SAIC's stock, with significant stakes purchased by various funds during the second quarter.

Science Applications International (NYSE:SAIC - Get Free Report) is anticipated to issue its results before the market opens on Thursday, September 4th. Analysts expect the company to announce earnings of $2.25 per share and revenue of $1.8660 billion for the quarter. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $1.92 EPS. 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 Performance

SAIC stock opened at $119.34 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market cap of $5.59 billion, a P/E ratio of 20.12 and a beta of 0.49. Science Applications International has a 12-month low of $94.68 and a 12-month high of $156.34. The stock's 50 day simple moving average is $114.35 and its 200 day simple moving average is $112.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. grew its stake 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 worth $30,000 after purchasing an additional 249 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of Science Applications International in the second quarter worth $56,000. Flow Traders U.S. LLC bought a new position in shares of Science Applications International in the second quarter worth $205,000. EP Wealth Advisors LLC bought a new position in shares of Science Applications International in the second quarter worth $208,000. Finally, Cresset Asset Management LLC grew its stake in shares of Science Applications International by 4.4% in the second quarter. Cresset Asset Management LLC now owns 2,075 shares of the information technology services provider's stock worth $234,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 76.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SAIC shares. Truist Financial upped their price target on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Barclays dropped their price target on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Monday, June 9th. Stifel Nicolaus initiated coverage on Science Applications International in a research report on Tuesday, June 24th. They set a "buy" rating and a $130.00 price target on the stock. Jefferies Financial Group increased their target price on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. Finally, UBS Group dropped their target price on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $125.64.

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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.