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

Science Applications International (NYSE:SAIC) issued its earnings results on Thursday. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19, Briefing.com reports. The company 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%. Science Applications International’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $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 Stock Performance

Shares of SAIC stock opened at $135.28 on Friday. Science Applications International has a 52 week low of $104.26 and a 52 week high of $145.17. The firm’s 50-day simple moving average is $122.72 and its two-hundred day simple moving average is $127.36. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 15.84 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.95 and a current ratio of 0.95.

Science Applications International Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.09%. Science Applications International’s dividend payout ratio (DPR) is presently 17.33%.

Insider Transactions at Science Applications International

In other news, EVP James Joshua Jackson acquired 400 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average price of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the purchase, the executive vice president now owns 13,677 shares in the company, valued at $1,563,007.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP James Joshua Jackson acquired 400 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the purchase, the executive vice president now owns 13,677 shares of the company’s stock, valued at approximately $1,563,007.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michelle A. O’hara bought 1,000 shares of the business’s stock in a transaction on Friday, July 12th. The shares were acquired at an average price of $118.00 per share, with a total value of $118,000.00. Following the transaction, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at $3,952,646. The disclosure for this purchase can be found here. Insiders purchased a total of 3,715 shares of company stock worth $430,207 in the last quarter. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

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