William Blair Analysts Raise Earnings Estimates for Science Applications International Co. (NYSE:SAIC)

Posted by Defense World Staff on Jun 5th, 2023

Science Applications International Co. (NYSE:SAIC – Get Rating) – Analysts at William Blair boosted their Q1 2024 earnings per share (EPS) estimates for shares of Science Applications International in a research report issued to clients and investors on Thursday, June 1st. William Blair analyst L. Dipalma now anticipates that the information technology services provider will earn $1.74 per share for the quarter, up from their prior forecast of $1.62. The consensus estimate for Science Applications International’s current full-year earnings is $6.93 per share. William Blair also issued estimates for Science Applications International’s Q2 2024 earnings at $1.61 EPS, Q3 2024 earnings at $1.75 EPS, Q4 2024 earnings at $1.74 EPS and FY2025 earnings at $7.38 EPS.

A number of other research analysts have also weighed in on the company. Stifel Nicolaus boosted their target price on Science Applications International from $110.00 to $112.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Wells Fargo & Company decreased their price objective on Science Applications International from $121.00 to $118.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 4th. The Goldman Sachs Group upped their price objective on Science Applications International from $90.00 to $97.00 and gave the company a “sell” rating in a report on Wednesday, April 5th. Citigroup decreased their price objective on Science Applications International from $141.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, April 4th. Finally, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and an average target price of $113.30.

Science Applications International Stock Up 2.6 %

SAIC stock opened at $101.45 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $5.50 billion, a PE ratio of 18.86 and a beta of 0.71. Science Applications International has a 1-year low of $83.68 and a 1-year high of $117.94. The business’s 50 day simple moving average is $102.54 and its 200 day simple moving average is $105.52.

Science Applications International (NYSE:SAIC – Get Rating) last posted its earnings results on Monday, April 3rd. The information technology services provider reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.86 billion. Science Applications International had a return on equity of 25.20% and a net margin of 3.89%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 EPS.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Friday, April 14th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.46%. The ex-dividend date was Thursday, April 13th. Science Applications International’s dividend payout ratio (DPR) is presently 27.51%.

Insider Activity at Science Applications International

In related news, CEO Nazzic S. Keene sold 26,237 shares of the firm’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $107.37, for a total value of $2,817,066.69. Following the sale, the chief executive officer now directly owns 65,680 shares of the company’s stock, valued at $7,052,061.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Nazzic S. Keene sold 26,237 shares of Science Applications International stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $107.37, for a total transaction of $2,817,066.69. Following the sale, the chief executive officer now directly owns 65,680 shares of the company’s stock, valued at $7,052,061.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharina G. Mcfarland sold 1,193 shares of Science Applications International stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $108.48, for a total value of $129,416.64. Following the sale, the director now directly owns 7,813 shares in the company, valued at $847,554.24. The disclosure for this sale can be found here. Insiders have sold 33,430 shares of company stock valued at $3,589,623 over the last ninety days. 1.29% of the stock is owned by corporate insiders.

Institutional Trading of Science Applications International

Hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in shares of Science Applications International by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 14,738 shares of the information technology services provider’s stock valued at $1,303,000 after buying an additional 94 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Science Applications International by 2.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,806 shares of the information technology services provider’s stock valued at $421,000 after buying an additional 95 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Science Applications International by 3.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,312 shares of the information technology services provider’s stock valued at $367,000 after buying an additional 96 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in Science Applications International by 1.5% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 6,800 shares of the information technology services provider’s stock worth $754,000 after purchasing an additional 100 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Science Applications International by 1.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,738 shares of the information technology services provider’s stock worth $747,000 after purchasing an additional 107 shares during the last quarter. 76.40% of the stock is owned by institutional investors and hedge funds.

About Science Applications International

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Science Applications International Corp. is a provider of technical, engineering and enterprise information technology (IT) services. Its offerings include engineering, systems integration and information technology offerings for large, complex government projects and offer a broad range of services with a targeted emphasis on higher end, differentiated technology services, and end-to-end services spanning the entire spectrum of its customers IT infrastructure.