Science Applications International Co. (NYSE:SAIC – Get Rating) – Investment analysts at Jefferies Financial Group lowered their FY2023 EPS estimates for Science Applications International in a research note issued on Thursday, November 17th. Jefferies Financial Group analyst S. Kahyaoglu now forecasts that the information technology services provider will earn $7.10 per share for the year, down from their previous forecast of $7.15. Jefferies Financial Group has a “Hold” rating and a $110.00 price target on the stock. The consensus estimate for Science Applications International’s current full-year earnings is $7.10 per share. Jefferies Financial Group also issued estimates for Science Applications International’s Q4 2023 earnings at $1.76 EPS and FY2024 earnings at $7.35 EPS.
Science Applications International (NYSE:SAIC – Get Rating) last posted its quarterly earnings results on Thursday, September 1st. The information technology services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.07. Science Applications International had a net margin of 3.46% and a return on equity of 24.18%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business posted $1.97 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year.
Separately, StockNews.com began coverage on shares of Science Applications International in a report on Wednesday, October 12th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Science Applications International presently has an average rating of “Hold” and a consensus price target of $106.43.
Science Applications International Stock Performance
NYSE:SAIC opened at $107.06 on Monday. Science Applications International has a 12-month low of $78.10 and a 12-month high of $113.03. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $5.90 billion, a PE ratio of 23.43 and a beta of 0.75. The firm has a 50-day moving average price of $98.42 and a 200 day moving average price of $93.37.
Science Applications International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Friday, October 14th were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, October 13th. This represents a $1.48 annualized dividend and a dividend yield of 1.38%. Science Applications International’s dividend payout ratio (DPR) is currently 32.39%.
Institutional Trading of Science Applications International
Hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its stake in shares of Science Applications International by 4.9% during the first quarter. Commonwealth Equity Services LLC now owns 3,867 shares of the information technology services provider’s stock valued at $356,000 after purchasing an additional 181 shares during the last quarter. Swiss National Bank grew its stake in shares of Science Applications International by 6.7% during the first quarter. Swiss National Bank now owns 136,115 shares of the information technology services provider’s stock valued at $12,546,000 after purchasing an additional 8,500 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Science Applications International by 7.8% during the first quarter. Bank of New York Mellon Corp now owns 672,332 shares of the information technology services provider’s stock valued at $61,968,000 after purchasing an additional 48,561 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Science Applications International by 0.8% during the first quarter. Mutual of America Capital Management LLC now owns 51,925 shares of the information technology services provider’s stock valued at $4,786,000 after purchasing an additional 434 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its stake in shares of Science Applications International by 2.1% during the first quarter. Cetera Advisor Networks LLC now owns 14,286 shares of the information technology services provider’s stock valued at $1,317,000 after purchasing an additional 299 shares during the last quarter. 75.26% of the stock is owned by institutional investors.
About Science Applications International
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Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company’s offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.
Further Reading
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