Science Applications International (NYSE:SAIC) Releases Earnings Results, Beats Estimates By $0.19 EPS

Science Applications International (NYSE:SAIC) released its earnings results on Thursday. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19, Briefing.com reports. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.56% and a net margin of 6.28%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 earnings per share. Science Applications International updated its FY 2025 guidance to 8.100-8.300 EPS and its FY25 guidance to $8.10-$8.30 EPS.

Science Applications International Trading Down 1.6 %

Shares of SAIC stock opened at $133.15 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $6.82 billion, a PE ratio of 15.59 and a beta of 0.70. Science Applications International has a 1-year low of $104.26 and a 1-year high of $145.17. The business’s fifty day moving average price is $123.03 and its 200 day moving average price is $127.29.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Friday, October 11th. Science Applications International’s dividend payout ratio is presently 17.33%.

Insider Buying and Selling at Science Applications International

In other news, EVP Michelle A. O’hara bought 1,000 shares of the stock in a transaction on Friday, July 12th. The shares were bought at an average price of $118.00 per share, with a total value of $118,000.00. Following the completion of the acquisition, the executive vice president now owns 33,497 shares of the company’s stock, valued at $3,952,646. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michelle A. O’hara bought 1,000 shares of the stock in a transaction on Friday, July 12th. The shares were bought at an average price of $118.00 per share, with a total value of $118,000.00. Following the completion of the acquisition, the executive vice president now owns 33,497 shares of the company’s stock, valued at $3,952,646. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prabu Natarajan bought 2,000 shares of the stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of $114.85 per share, for a total transaction of $229,700.00. Following the acquisition, the chief financial officer now directly owns 60,630 shares of the company’s stock, valued at approximately $6,963,355.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 3,715 shares of company stock valued at $430,207. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

SAIC has been the topic of a number of recent research reports. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a report on Friday. Truist Financial boosted their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday. TD Cowen boosted their target price on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday. Finally, Citigroup upped their price objective on Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and an average price target of $138.29.

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.