Science Applications International (NASDAQ:SAIC) Releases Earnings Results, Beats Expectations By $0.97 EPS

Science Applications International (NASDAQ:SAIC) posted its earnings results on Monday. The company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.97, FiscalAI reports. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.82 billion.

Science Applications International Stock Performance

NASDAQ SAIC opened at $104.20 on Monday. Science Applications International has a fifty-two week low of $81.08 and a fifty-two week high of $121.05. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 13.55 and a beta of 0.29. The business has a fifty day moving average of $96.43 and a 200-day moving average of $96.74. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, July 10th. Science Applications International’s payout ratio is 19.25%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SAIC shares. Zacks Research cut Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Citigroup dropped their price target on Science Applications International from $133.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Stifel Nicolaus dropped their price target on Science Applications International from $128.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Truist Financial dropped their price target on Science Applications International from $110.00 to $95.00 and set a “hold” rating for the company in a research report on Tuesday, March 17th. Finally, The Goldman Sachs Group dropped their price target on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a research report on Thursday, February 12th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $109.20.

Institutional Investors Weigh In On Science Applications International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. boosted its position in shares of Science Applications International by 20.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock worth $264,429,000 after buying an additional 441,296 shares during the period. First Trust Advisors LP boosted its position in shares of Science Applications International by 25.9% in the fourth quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock worth $192,501,000 after buying an additional 393,344 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Science Applications International by 15.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,350,222 shares of the company’s stock worth $135,920,000 after buying an additional 176,160 shares during the period. AQR Capital Management LLC boosted its position in shares of Science Applications International by 36.3% in the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock worth $143,578,000 after buying an additional 347,456 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Science Applications International by 3.1% in the third quarter. Invesco Ltd. now owns 910,936 shares of the company’s stock worth $90,520,000 after buying an additional 27,548 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.