Science Applications International (NYSE:SAIC) Announces Earnings Results, Beats Estimates By $0.51 EPS

Science Applications International (NYSE:SAIC) issued its earnings results on Thursday. The information technology services provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.51, Briefing.com reports. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the firm posted $2.61 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. Science Applications International updated its FY 2026 guidance to 9.800-10.000 EPS.

Science Applications International Price Performance

Shares of NYSE:SAIC opened at $102.00 on Thursday. The stock has a market cap of $4.69 billion, a PE ratio of 17.41 and a beta of 0.30. The company’s fifty day moving average is $93.30 and its 200 day moving average is $105.30. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a 52 week low of $84.15 and a 52 week high of $133.00.

Hedge Funds Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wexford Capital LP bought a new position in Science Applications International during the 3rd quarter valued at approximately $29,000. Rakuten Securities Inc. raised its holdings in Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 249 shares in the last quarter. WFA of San Diego LLC bought a new stake in Science Applications International during the second quarter worth about $56,000. Advisory Services Network LLC purchased a new stake in Science Applications International in the third quarter worth about $69,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Science Applications International during the second quarter valued at approximately $205,000. 76.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group dropped their price objective on Science Applications International from $111.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $115.00 price objective (down previously from $140.00) on shares of Science Applications International in a research note on Monday, September 8th. The Goldman Sachs Group lowered their target price on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a research note on Monday, September 8th. Stifel Nicolaus decreased their price target on shares of Science Applications International from $130.00 to $128.00 and set a “buy” rating on the stock in a report on Friday, September 5th. Finally, Jefferies Financial Group dropped their price target on Science Applications International from $130.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Science Applications International currently has an average rating of “Hold” and an average target price of $115.10.

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 IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; 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 training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.