Science Applications International Co. (NYSE: SAIC – Get Rating) – Investment analysts at Jefferies Financial Group upped their Q3 2023 earnings per share estimates for shares of Science Applications International in a research note issued to investors on Wednesday, June 8th. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the information technology services provider will earn $ 1.77 per share for the quarter, up from their previous estimate of $ 1.74. The consensus estimate for Science Applications International’s current full-year earnings is $ 7.04 per share. Jefferies Financial Group also issued estimates for Science Applications International’s Q4 2023 earnings at $ 1.72 EPS.
Several other analysts also recently weighed in on SAIC. Truist Financial downgraded Science Applications International from a “buy” rating to a “hold” rating and set a $ 105.00 target price for the company. in a research note on Friday, April 1st. Cowen raised their target price on Science Applications International from $ 111.00 to $ 120.00 and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley lowered their target price on Science Applications International from $ 101.00 to $ 99.00 and set an “overweight” rating for the company in a research note on Tuesday, March 29th. Stifel Nicolaus assumed coverage on Science Applications International in a research note on Thursday, March 17th. They set a “hold” rating for the company. Finally, Wells Fargo & Company increased their price target on shares of Science Applications International from $ 90.00 to $ 96.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 24th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $ 102.86.
Shares of Science Applications International stock opened at $ 89.95 on Friday. The business has a 50-day moving average of $ 86.60 and a 200-day moving average of $ 86.01. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.97 and a quick ratio of 0.89. The company has a market capitalization of $ 5.01 billion, a PE ratio of 19.22 and a beta of 0.79. Science Applications International has a 1-year low of $ 78.10 and a 1-year high of $ 95.98.
Science Applications International (NYSE: SAIC – Get Rating) last announced its quarterly earnings results on Monday, June 6th. The information technology services provider reported $ 1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.77 by $ 0.11. Science Applications International had a return on equity of 25.28% and a net margin of 3.58%. The firm had revenue of $ 2 billion during the quarter, compared to the estimate consensus of $ 1.93 billion. During the same period in the prior year, the firm earned $ 1.94 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be issued a $ 0.37 dividend. The ex-dividend date is Thursday, July 14th. This represents a $ 1.48 dividend on an annualized basis and a yield of 1.65%. Science Applications International’s dividend payout ratio is currently 31.62%.
In other Science Applications International news, EVP Steven G. Mahon sold 4,132 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $ 91.03, for a total value of $ 376,135.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy J. Mayopoulos sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $ 92.94, for a total transaction of $ 325,290.00. The disclosure for this sale can be found here. Company insiders own 1.12% of the company stock.
Large investors have recently made changes to their positions in the business. Counterpoint Mutual Funds LLC acquired a new position in shares of Science Applications International during the fourth quarter valued at approximately $ 25,000. AdvisorNet Financial Inc grew its position in Science Applications International by 208.0% in the fourth quarter. AdvisorNet Financial Inc now owns 345 shares of the information technology services provider’s stock worth $ 29,000 after buying an additional 233 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new position in Science Applications International in the fourth quarter worth approximately $ 46,000. Covestor Ltd acquired a new position in Science Applications International in the fourth quarter worth approximately $ 70,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Science Applications International in the first quarter worth approximately $ 79,000. Institutional investors own 78.35% of the company stock.
About Science Applications International: (Get Rating)
Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company 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.
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