Science Applications International (NYSE:SAIC) Releases Quarterly Earnings Results, Beats Expectations By $0.51 EPS

Science Applications International (NYSE:SAIC) posted its quarterly earnings data on Thursday. The information technology services provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.07 by $0.51, Briefing.com reports. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.Science Applications International’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.61 EPS. Science Applications International updated its FY 2026 guidance to 9.800-10.000 EPS.

Science Applications International Price Performance

SAIC stock opened at $101.79 on Friday. Science Applications International has a one year low of $84.15 and a one year high of $133.00. The company’s fifty day moving average price is $93.39 and its 200-day moving average price is $105.27. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $4.68 billion, a PE ratio of 17.17 and a beta of 0.30.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. Science Applications International’s dividend payout ratio (DPR) is presently 17.92%.

Institutional Trading of Science Applications International

A number of institutional investors and hedge funds have recently bought and sold shares of SAIC. AQR Capital Management LLC lifted its stake in Science Applications International by 36.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the information technology services provider’s stock worth $143,578,000 after purchasing an additional 347,456 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Science Applications International in the second quarter worth about $31,271,000. Two Sigma Investments LP lifted its position in shares of Science Applications International by 192.4% in the third quarter. Two Sigma Investments LP now owns 170,800 shares of the information technology services provider’s stock worth $16,972,000 after buying an additional 112,382 shares in the last quarter. Man Group plc boosted its stake in Science Applications International by 55.7% during the second quarter. Man Group plc now owns 173,705 shares of the information technology services provider’s stock valued at $19,561,000 after buying an additional 62,155 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in Science Applications International by 65.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 82,606 shares of the information technology services provider’s stock valued at $8,209,000 after buying an additional 32,556 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SAIC shares. UBS Group reduced their price target on Science Applications International from $111.00 to $110.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $115.00 price objective (down from $140.00) on shares of Science Applications International in a research note on Monday, September 8th. Jefferies Financial Group reduced their target price on shares of Science Applications International from $130.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, September 10th. Stifel Nicolaus dropped their price target on shares of Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, September 5th. Finally, The Goldman Sachs Group decreased their price objective on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a research report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Science Applications International presently has an average rating of “Hold” and a consensus target price of $115.10.

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.