Shares of Science Applications International Corporation (NASDAQ:SAIC – Get Free Report) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $125.2222.
SAIC has been the subject of a number of recent analyst reports. TD Cowen reiterated a “hold” rating on shares of Science Applications International in a research note on Monday, August 31st. BNP Paribas Exane started coverage on shares of Science Applications International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 target price on the stock. The Goldman Sachs Group raised their target price on shares of Science Applications International from $93.00 to $103.00 and gave the company a “sell” rating in a research note on Tuesday. Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 30th. Finally, UBS Group boosted their price target on Science Applications International from $108.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st.
Read Our Latest Report on Science Applications International
Institutional Inflows and Outflows
Science Applications International Stock Up 2.0%
NASDAQ:SAIC opened at $128.76 on Friday. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 15.06 and a beta of 0.30. Science Applications International has a twelve month low of $81.08 and a twelve month high of $142.66. The stock’s 50 day moving average price is $121.50 and its two-hundred day moving average price is $107.04. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.71.
Science Applications International (NASDAQ:SAIC – Get Free Report) last released its quarterly earnings data on Monday, August 31st. The company reported $3.01 EPS for the quarter, beating the consensus estimate of $2.31 by $0.70. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.63 EPS. Equities research analysts expect that Science Applications International will post 10.78 earnings per share 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 23rd. Stockholders of record on Friday, October 9th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, October 9th. Science Applications International’s payout ratio is currently 17.31%.
About Science Applications International
Science Applications International Corporation (SAIC) is a technology integrator and government services contractor that provides mission-critical solutions to the U.S. government. The company supports defense, intelligence, space, civilian, and federal law enforcement organizations with services designed to improve operational performance, modernize legacy systems, and address complex national security and public-sector challenges.
SAIC’s offerings include information technology modernization, cloud computing, cybersecurity, artificial intelligence and data analytics, digital engineering, software development, systems integration, and enterprise IT services.
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