Science Applications International (SAIC) Projected to Post 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 expected 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 (NYSE:SAIC - Get Free Report) last released its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.Science Applications International's revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm 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 Trading Up 0.5%

Shares of NYSE:SAIC traded up $0.57 during midday trading on Tuesday, hitting $118.27. 571,434 shares of the stock were exchanged, compared to its average volume of 643,135. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 19.94 and a beta of 0.49. 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 business'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 Dividend Announcement

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 1.3%. The ex-dividend date is Friday, October 10th. Science Applications International's payout ratio is 20.76%.

Analysts Set New Price Targets

A number of research firms have weighed in on SAIC. Truist Financial increased their target price on shares of Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Stifel Nicolaus began coverage on shares of Science Applications International in a research report on Tuesday, June 24th. They set a "buy" rating and a $130.00 target price for the company. Wells Fargo & Company increased their target price on shares of Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Jefferies Financial Group increased 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. Finally, Barclays decreased their target price on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research report on Monday, June 9th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $125.64.

Institutional Trading of Science Applications International

Several large investors have recently modified their holdings of SAIC. Rakuten Securities Inc. grew its position in shares of Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider's stock worth $30,000 after buying an additional 249 shares during the period. WFA of San Diego LLC acquired a new stake in shares of Science Applications International during the 2nd quarter worth approximately $56,000. Flow Traders U.S. LLC acquired a new stake in shares of Science Applications International during the 2nd quarter worth approximately $205,000. EP Wealth Advisors LLC acquired a new stake in shares of Science Applications International during the 2nd quarter worth approximately $208,000. Finally, Cresset Asset Management LLC grew 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 during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

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.