Investment Analysts Give Mixed Reviews on Science Applications International
As of September 22, 2023, several equities analysts have weighed in on Science Applications International (SAIC), offering a range of ratings and price targets. Truist Financial lowered their target price from $120.00 to $115.00, while StockNews.com downgraded their rating from “strong-buy” to “buy.” On the other hand, Wells Fargo & Company raised their price objective from $114.00 to $116.00.
According to Bloomberg.com data, there is a diverse range of opinions among investment analysts regarding SAIC’s stock. Out of the total number of analysts surveyed, one analyst has rated the stock as a sell, four have designated it as a hold, and two have assigned it a buy rating. The average rating for the company stands at “Hold,” with an average target price of $113.00.
In recent news related to Science Applications International, insider Robert S. Genter executed a transaction on Wednesday, September 20th, selling 3,557 shares at an average price of $109.79 per share. This resulted in a total transaction value of $390,523.03. Following this sale, Genter now holds 57,155 shares in the company valued at $6,275,047.45.
Insider transactions are significant indicators for investors as they provide insight into management decisions within a company. In this case, company insiders own approximately 1.29% of Science Applications International’s stock.
On Friday morning’s trading session on September 22nd., SAIC’s stock opened at $106.55 per share. The company currently has a market capitalization of $5.64 billion with a price-to-earnings (PE) ratio of 11.66 and a beta value of 0.74 – reflecting its relatively lower volatility compared to the broader market.
Examining the company’s financial health, Science Applications International has a quick ratio of 1.08 and a current ratio of 1.14, indicating that it possesses sufficient assets to meet its short-term obligations. Furthermore, SAIC has a debt-to-equity ratio of 1.20, suggesting moderate leverage in its capital structure.
Looking at the company’s stock performance over the past year, SAIC has experienced a range from a low of $87.93 to a high of $123.53. With a 50-day moving average of $116.62 and a 200-day moving average of $109.05, it is evident that there have been fluctuations in the stock price over recent months.
As with any investment decision, potential investors should carefully consider all available information before making decisions based on rating updates and insider activity regarding Science Applications International’s stock.
[bs_slider_forecast ticker=”XOM”]
Science Applications International Co. (NYSE: SAIC) Earnings Estimates Revised Down for Q3 2024, but Exceed Expectations in Latest Quarterly Report
Science Applications International Co. (NYSE:SAIC) recently had its Q3 2024 earnings per share estimates dropped by equities researchers at Zacks Research on Thursday, September 21st. The information technology services provider is now expected to post earnings of $1.60 per share for the quarter, down from their previous estimate of $1.69. The consensus estimate for Science Applications International’s full-year earnings is currently set at $7.38 per share.
Zacks Research has also issued estimates for the company’s future earnings, including Q4 2024 earnings at $1.51 EPS, FY2024 earnings at $7.30 EPS, Q1 2025 earnings at $1.82 EPS, Q2 2025 earnings at $1.86 EPS, Q4 2025 earnings at $2.00 EPS, FY2025 earnings at $7.69 EPS, Q1 2026 earnings at $2.04 EPS, Q2 2026 earnings at $2.09 EPS and FY2026 earnings at $8.60 EPS.
In other news regarding Science Applications International, insider Robert S. Genter recently sold 3,557 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $109.79, resulting in a total transaction value of $390,523.03. Following this sale, Genter now owns 57,155 shares in the company with a value of approximately $6,275,047.45.
This transaction was disclosed in a document filed with the SEC and can be accessed via the provided hyperlink. Company insiders currently own about 1.29% of Science Applications International’s stock.
Science Applications International last released its quarterly earnings results on Thursday, September 7th when it reported an impressive earning per share (EPS) of $2.05 for the quarter. This beat the consensus estimate of $1.62 by $0.43. The company’s revenue for the quarter was also stronger than expected at $1.78 billion, surpassing analyst estimates of $1.69 billion. It is worth mentioning that Science Applications International experienced a 2.6% decrease in quarterly revenue compared to the same period last year when it posted earnings per share of $1.75.
Furthermore, Science Applications International recently announced its plans to pay a quarterly dividend on Friday, October 27th. Shareholders of record on Friday, October 13th will be eligible to receive a dividend payment of $0.37 per share. The ex-dividend date is set for Thursday, October 12th. This represents an annualized dividend payout ratio of 16.19% and a dividend yield of 1.39%.
In summary, Science Applications International had its Q3 2024 earnings per share estimates dropped and its full-year earnings estimate reduced as well by Zacks Research analysts following their research report issued on Thursday, September 21st. However, the company’s recent quarterly earnings results exceeded expectations and it plans to pay out a quarterly dividend in late October.
