Science Applications International (NYSE:SAIC) Releases FY 2022 Earnings Guidance

Science Applications International (NYSE:SAIC) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $6.500-$6.700 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.510. The company issued revenue guidance of $7.30 billion-$7.40 billion, compared to the consensus revenue estimate of $7.33 billion.

A number of research firms have weighed in on SAIC. Zacks Investment Research raised Science Applications International from a sell rating to a hold rating and set a $97.00 price objective on the stock in a research note on Tuesday, June 8th. Morgan Stanley boosted their price objective on Science Applications International from $97.00 to $101.00 and gave the stock an overweight rating in a research note on Monday, June 7th. Finally, The Goldman Sachs Group lowered Science Applications International from a neutral rating to a sell rating and set a $89.00 price objective on the stock. in a research note on Tuesday, June 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $97.44.

NYSE:SAIC traded up $0.92 on Friday, reaching $85.74. The company’s stock had a trading volume of 158,482 shares, compared to its average volume of 387,397. Science Applications International has a 12-month low of $72.44 and a 12-month high of $103.95. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.51. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 17.64 and a beta of 0.90. The stock has a 50 day moving average price of $85.00 and a 200 day moving average price of $87.96.

Science Applications International (NYSE:SAIC) last posted its earnings results on Wednesday, September 1st. The information technology services provider reported $1.97 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.50. Science Applications International had a return on equity of 26.92% and a net margin of 3.93%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the business earned $1.63 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts expect that Science Applications International will post 6.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Friday, October 15th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, October 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.73%. Science Applications International’s dividend payout ratio is presently 23.60%.

An institutional investor recently raised its position in Science Applications International stock. Morgan Stanley lifted its position in Science Applications International Co. (NYSE:SAIC) by 12.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 836,110 shares of the information technology services provider’s stock after buying an additional 91,475 shares during the quarter. Morgan Stanley owned approximately 1.44% of Science Applications International worth $73,352,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 75.72% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corp. is a provider of technical, engineering and enterprise information technology (IT) services primarily to the U.S. government. Its offerings include: engineering; technology integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services spanning the design, development, integration, deployment, management and operations, sustainment and security of its customers’ entire IT infrastructure.

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

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