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

Science Applications International (NYSE:SAIC) posted its quarterly earnings data on Thursday. The information technology services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19, Briefing.com reports. Science Applications International had a return on equity of 22.56% and a net margin of 6.28%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. 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 Price Performance

Shares of NYSE:SAIC opened at $135.28 on Friday. The company has a market cap of $6.93 billion, a P/E ratio of 15.84 and a beta of 0.70. The company’s fifty day moving average is $122.72 and its two-hundred day moving average is $127.36. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.13. Science Applications International has a 12-month low of $104.26 and a 12-month high of $145.17.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, October 11th. Science Applications International’s payout ratio is 17.33%.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on SAIC shares. Truist Financial dropped their price target on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Tuesday, June 4th. JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $140.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, StockNews.com downgraded Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus price target of $125.00.

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.