Science Applications International - SAIC Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Science Applications International in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SAIC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SAIC, but not buy additional shares or sell existing shares.
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8 brokers have issued 1 year price targets for Science Applications International's stock. Their SAIC share price forecasts range from $85.00 to $120.00. On average, they predict the company's stock price to reach $102.86 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
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Science Applications International's stock was trading at $83.59 at the start of the year. Since then, SAIC stock has increased by 11.9% and is now trading at $93.53.
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Science Applications International is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
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Science Applications International Co. (NYSE:SAIC) released its quarterly earnings results on Monday, June, 6th. The information technology services provider reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.10. The information technology services provider had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.93 billion. Science Applications International had a net margin of 3.58% and a trailing twelve-month return on equity of 25.28%. Science Applications International's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 EPS.

Science Applications International announced a quarterly dividend on Wednesday, June 1st. Shareholders of record on Friday, July 15th will be given a dividend of $0.37 per share on Friday, July 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, July 14th.
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Science Applications International (NYSE:SAIC) pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.57%. The dividend payout ratio is 31.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SAIC will have a dividend payout ratio of 19.58% next year. This indicates that the company will be able to sustain or increase its dividend.
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Science Applications International issued an update on its FY 2023 earnings guidance on Monday, July, 4th. The company provided earnings per share guidance of $6.90-$7.20 for the period, compared to the consensus earnings per share estimate of $6.99. The company issued revenue guidance of $7.43 billion-$7.55 billion, compared to the consensus revenue estimate of $7.47 billion.

139 employees have rated Science Applications International Chief Executive Officer Nazzic Keene on Glassdoor.com. Nazzic Keene has an approval rating of 93% among the company's employees. This puts Nazzic Keene in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Science Applications International investors own include Leidos (LDOS), AbbVie (ABBV), Alibaba Group (BABA), Boeing (BA), NVIDIA (NVDA), AT&T (T), Intel (INTC), QUALCOMM (QCOM), Raytheon Technologies (RTX) and Cisco Systems (CSCO).

Science Applications International trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAIC."

Science Applications International's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Horizon Kinetics Asset Management LLC (0.72%), Strs Ohio (0.46%), Loomis Sayles & Co. L P (0.43%), Wedge Capital Management L L P NC (0.34%), Retirement Systems of Alabama (0.27%) and Swiss National Bank (0.24%). Insiders that own company stock include Charles Alexander Mathis, John J Hamre, Katharina G Mcfarland, Nazzic S Keene, Prabu Natarajan, Steven G Mahon, Timothy J Mayopoulos and Yvette Kanouff.
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Shares of SAIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SAIC stock can currently be purchased for approximately $93.53.

Science Applications International (NYSE:SAIC) has a market capitalization of $5.21 billion and generates $7.39 billion in revenue each year. The information technology services provider earns $277 million in net income (profit) each year or $4.68 on an earnings per share basis.

Science Applications International employs 26,000 workers across the globe.

Science Applications International's mailing address is 12010 SUNSET HILLS ROAD, RESTON VA, 20190. The official website for the company is www.saic.com. The information technology services provider can be reached via phone at (703) 676-4300 or via email at shane.p.canestra@saic.com.