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

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

Science Applications International Stock Performance

Science Applications International stock opened at $104.20 on Monday. The company has a 50 day moving average price of $96.43 and a 200-day moving average price of $96.74. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.20 and a current ratio of 1.20. Science Applications International has a fifty-two week low of $81.08 and a fifty-two week high of $121.05. The company has a market capitalization of $4.52 billion, a PE ratio of 13.55 and a beta of 0.29.

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 paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend 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 currently 19.25%.

Institutional Trading of Science Applications International

Institutional investors and hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC bought a new stake in shares of Science Applications International during the fourth quarter valued at approximately $25,000. Transamerica Financial Advisors LLC raised its stake in shares of Science Applications International by 477.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock valued at $26,000 after acquiring an additional 215 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after acquiring an additional 249 shares in the last quarter. Wexford Capital LP bought a new stake in shares of Science Applications International during the third quarter valued at approximately $29,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Science Applications International during the fourth quarter valued at approximately $35,000. Institutional investors own 76.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on SAIC. Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a research report on Friday, March 27th. BNP Paribas Exane began coverage on shares of Science Applications International in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price objective on the stock. Wall Street Zen lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Finally, Stifel Nicolaus reduced their price objective on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $109.20.

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.