Science Applications International Corporation (SAIC) To Go Ex-Dividend on July 10th

Science Applications International Corporation (NASDAQ:SAIC) announced a quarterly dividend on Friday, May 29th. Shareholders of record on Friday, July 10th will be given a dividend of 0.37 per share on Friday, July 24th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, July 10th.

Science Applications International Stock Performance

Shares of SAIC stock opened at $104.20 on Friday. The stock has a market cap of $4.52 billion, a PE ratio of 13.55 and a beta of 0.28. The business has a 50-day simple moving average of $96.43 and a 200-day simple moving average of $96.71. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. Science Applications International has a 52-week low of $81.08 and a 52-week high of $121.05.

Science Applications International (NASDAQ:SAIC) last issued its quarterly earnings data on Monday, March 16th. The company reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.83. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.57 EPS. On average, equities analysts expect that Science Applications International will post 9.61 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Science Applications International from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. The Goldman Sachs Group decreased their price objective on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a report on Thursday, February 12th. JPMorgan Chase & Co. decreased their price objective on Science Applications International from $125.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Citigroup decreased their price objective on Science Applications International from $133.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Zacks Research cut Science Applications International from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Science Applications International has a consensus rating of “Hold” and an average target price of $109.20.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.