Science Applications International (NYSE:SAIC) Issues FY 2023 Earnings Guidance

Science Applications International (NYSE:SAICGet Rating) issued an update on its FY 2023 earnings guidance on Thursday morning. The company provided EPS guidance of $7.00-$7.20 for the period, compared to the consensus EPS estimate of $7.04. The company issued revenue guidance of $7.50 billion-$7.55 billion, compared to the consensus revenue estimate of $7.51 billion.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays upped their price objective on shares of Science Applications International from $90.00 to $95.00 and gave the company an equal weight rating in a report on Tuesday, June 7th. Cowen lifted their price target on shares of Science Applications International from $111.00 to $120.00 in a research report on Tuesday, June 7th. Finally, Cowen increased their price objective on shares of Science Applications International from $111.00 to $120.00 and gave the stock an outperform rating in a research note on Tuesday, June 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Science Applications International presently has a consensus rating of Hold and an average price target of $102.86.

Science Applications International Price Performance

SAIC stock opened at $91.33 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 1.07. The business has a 50-day simple moving average of $93.63 and a two-hundred day simple moving average of $90.26. The company has a market capitalization of $5.04 billion, a P/E ratio of 19.98 and a beta of 0.70. Science Applications International has a 52-week low of $78.10 and a 52-week high of $97.82.

Science Applications International (NYSE:SAICGet Rating) last issued its quarterly earnings data on Thursday, September 1st. The information technology services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.07. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. Science Applications International had a net margin of 3.46% and a return on equity of 24.18%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.97 EPS. Research analysts expect that Science Applications International will post 7.11 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, October 13th. Science Applications International’s payout ratio is 32.39%.

Insider Activity

In other Science Applications International news, Director Katharina G. Mcfarland sold 2,600 shares of Science Applications International stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $93.30, for a total transaction of $242,580.00. Following the completion of the sale, the director now owns 7,813 shares of the company’s stock, valued at $728,952.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in shares of Science Applications International by 3.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 263,495 shares of the information technology services provider’s stock worth $24,531,000 after acquiring an additional 9,431 shares during the period. First Republic Investment Management Inc. increased its position in shares of Science Applications International by 1.6% during the 2nd quarter. First Republic Investment Management Inc. now owns 11,754 shares of the information technology services provider’s stock valued at $1,094,000 after purchasing an additional 187 shares during the last quarter. Atlas Capital Advisors LLC purchased a new position in shares of Science Applications International during the 2nd quarter worth $66,000. Captrust Financial Advisors grew its holdings in Science Applications International by 5.1% during the second quarter. Captrust Financial Advisors now owns 2,654 shares of the information technology services provider’s stock valued at $247,000 after purchasing an additional 128 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Science Applications International by 7.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 21,636 shares of the information technology services provider’s stock worth $2,014,000 after acquiring an additional 1,518 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.

Science Applications International Company Profile

(Get Rating)

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.

Featured Stories

Earnings History and Estimates for Science Applications International (NYSE:SAIC)

Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.