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

Science Applications International (NYSE:SAIC) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $6.150-6.400 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.300. The company issued revenue guidance of $7.15 billion-7.30 billion, compared to the consensus revenue estimate of $7.24 billion.

SAIC traded up $1.58 on Thursday, hitting $93.75. 311,533 shares of the stock traded hands, compared to its average volume of 437,969. Science Applications International has a 52 week low of $68.76 and a 52 week high of $103.95. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 1.58. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 26.33 and a beta of 0.91. The business has a fifty day moving average of $88.61.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Wednesday, June 2nd. The information technology services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.43. Science Applications International had a return on equity of 24.99% and a net margin of 2.96%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company posted $1.38 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. On average, research analysts forecast that Science Applications International will post 6.23 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 30th. Stockholders of record on Friday, July 16th will be paid a $0.37 dividend. The ex-dividend date is Thursday, July 15th. This represents a $1.48 annualized dividend and a dividend yield of 1.58%. Science Applications International’s dividend payout ratio is currently 23.60%.

Several equities research analysts have recently weighed in on SAIC shares. Wells Fargo & Company started coverage on Science Applications International in a research note on Tuesday, May 18th. They issued an equal weight rating and a $95.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on Science Applications International from $110.00 to $95.00 and set an overweight rating on the stock in a research report on Tuesday, March 30th. Barclays decreased their price target on Science Applications International from $107.00 to $100.00 and set an overweight rating on the stock in a research report on Wednesday, May 12th. Citigroup decreased their price target on Science Applications International from $115.00 to $105.00 in a research report on Friday, March 26th. Finally, Morgan Stanley increased their price target on Science Applications International from $97.00 to $101.00 and gave the stock an overweight rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $97.44.

In other news, CFO Prabu Natarajan acquired 3,000 shares of Science Applications International stock in a transaction on Monday, April 5th. The shares were purchased at an average price of $84.31 per share, with a total value of $252,930.00. Following the acquisition, the chief financial officer now owns 12,851 shares in the company, valued at $1,083,467.81. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.86% of the stock is currently owned by corporate insiders.

Science Applications International Company Profile

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.

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

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