Science Applications International (NYSE:SAIC) Announces Quarterly Earnings Results

Science Applications International (NYSE:SAIC) issued its earnings results on Monday. The information technology services provider reported $1.92 EPS for the quarter, meeting the consensus estimate of $1.92, Briefing.com reports. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.14 EPS. Science Applications International updated its FY25 guidance to $8.00-$8.20 EPS and its FY 2025 guidance to 8.000-8.200 EPS.

Science Applications International Stock Up 0.7 %

Science Applications International stock traded up $0.79 during trading on Thursday, hitting $118.88. 41,712 shares of the company were exchanged, compared to its average volume of 289,496. Science Applications International has a 52 week low of $102.23 and a 52 week high of $145.17. The business’s 50 day moving average is $130.30 and its 200 day moving average is $129.71. The company has a current ratio of 0.95, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $6.09 billion, a P/E ratio of 15.28 and a beta of 0.73.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a $0.37 dividend. The ex-dividend date is Friday, July 12th. This represents a $1.48 dividend on an annualized basis and a yield of 1.24%. Science Applications International’s dividend payout ratio (DPR) is presently 17.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SAIC shares. The Goldman Sachs Group dropped their price target on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. Truist Financial lowered their price objective on Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Tuesday. StockNews.com cut Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company increased their price objective on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. lowered their price objective on Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $126.60.

Insider Transactions at Science Applications International

In related news, EVP Vincent P. Difronzo bought 795 shares of the company’s stock in a transaction on Friday, April 12th. The shares were purchased at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares in the company, valued at $1,105,622.88. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other Science Applications International news, CEO Toni Townes-Whitley bought 3,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was purchased at an average price of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the transaction, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Vincent P. Difronzo purchased 795 shares of the stock in a transaction dated Friday, April 12th. The stock was acquired at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the transaction, the executive vice president now owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The disclosure for this purchase can be found here. Company insiders own 0.67% 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.