Science Applications International (SAIC) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Science Applications International in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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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6 Wall Street analysts have issued 1-year price objectives for Science Applications International's shares. Their SAIC share price forecasts range from $97.00 to $127.00. On average, they anticipate the company's stock price to reach $113.29 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price.
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Science Applications International's stock was trading at $110.93 at the beginning of 2023. Since then, SAIC stock has decreased by 4.7% and is now trading at $105.74.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, September 7th 2023.
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Science Applications International Co. (NYSE:SAIC) released its quarterly earnings results on Monday, June, 5th. The information technology services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $1.83 by $0.31. The information technology services provider earned $2.03 billion during the quarter, compared to the consensus estimate of $1.96 billion. Science Applications International had a net margin of 4.20% and a trailing twelve-month return on equity of 25.68%. Science Applications International's revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $1.88 EPS.

Science Applications International declared a quarterly dividend on Friday, June 2nd. Investors of record on Friday, July 14th will be given a dividend of $0.37 per share on Friday, July 28th. This represents a $1.48 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, July 13th.
Read our dividend analysis for SAIC.

ETFs with the largest weight of Science Applications International (NYSE:SAIC) stock in their portfolio include Horizon Kinetics Blockchain Development ETF (BCDF), iShares Cybersecurity and Tech ETF (IHAK), AdvisorShares Focused Equity ETF (CWS), First Trust Nasdaq Cybersecurity ETF (CIBR), First Trust Indxx Aerospace & Defense ETF (MISL), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), ETFMG Prime Cyber Security ETF (HACK) and First Trust Dorsey Wright Momentum & Value ETF (DVLU).

Science Applications International (NYSE:SAIC) pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.43%. The dividend payout ratio is 25.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SAIC will have a dividend payout ratio of 19.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SAIC.

Science Applications International updated its FY 2024 earnings guidance on Wednesday, June, 7th. The company provided EPS guidance of $7.00-$7.20 for the period, compared to the consensus EPS estimate of $6.96. The company issued revenue guidance of $7.13 billion-$7.22 billion, compared to the consensus revenue estimate of $7.15 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.29%), Wellington Management Group LLP (8.09%), Boston Partners (7.13%), FMR LLC (4.05%), State Street Corp (3.00%) and First Trust Advisors LP (2.88%). Insiders that own company stock include Charles Alexander Mathis, Katharina G Mcfarland, Michael W Larouche, Nazzic S Keene, Prabu Natarajan, Steven G Mahon and Timothy J Mayopoulos.
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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 $105.74.

Science Applications International (NYSE:SAIC) has a market capitalization of $5.68 billion and generates $7.74 billion in revenue each year. The information technology services provider earns $300 million in net income (profit) each year or $5.88 on an earnings per share basis.

The company employs 25,000 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.