Science Applications International (NYSE:SAIC) Posts Earnings Results

Science Applications International (NYSE:SAIC) released its quarterly 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. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.61 EPS. Science Applications International updated its FY 2026 guidance to 9.800-10.000 EPS.

Science Applications International Trading Down 0.0%

Shares of NYSE:SAIC opened at $87.53 on Thursday. Science Applications International has a 52 week low of $84.15 and a 52 week high of $133.00. The company’s 50 day moving average is $93.30 and its two-hundred day moving average is $105.30. The company has a market cap of $4.03 billion, a PE ratio of 14.76 and a beta of 0.30. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Hedge Funds Weigh In On Science Applications International

Large investors have recently bought and sold shares of the business. Wexford Capital LP acquired a new stake in Science Applications International in the third quarter valued at $29,000. Rakuten Securities Inc. raised its position in shares of Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 249 shares in the last quarter. WFA of San Diego LLC purchased a new stake in Science Applications International during the second quarter worth approximately $56,000. Advisory Services Network LLC purchased a new stake in Science Applications International during the third quarter worth approximately $69,000. Finally, Flow Traders U.S. LLC acquired a new position in Science Applications International in the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analyst Ratings Changes

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