Science Applications International (NYSE:SAIC) issued FY2023 revenue guidance.

Science Applications International (NYSE:SAIC – Get Rating ) updated its FY2023 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $6.90-$7.20 for the period, compared to the consensus estimate of $6.99. The company posted revenue guidance of $7.43 billion to $7.55 billion, compared to the consensus estimate for revenue of $7.47 billion.

Several equities research analysts recently weighed in on the stock. Barclays boosted their target price on shares of Science Applications International from $90.00 to $95.00 and gave the stock an equal weight rating in a report on Tuesday, June 7th. Cowen upped their target price on shares of Science Applications International from $111.00 to $120.00 and gave the stock an outperform rating in a report on Tuesday, June 7th. Stifel Nicolaus assumed coverage on shares of Science Applications International in a report on Thursday, March 17th. They assign a hold rating to the stock. Truist Financial cut shares of Science Applications International from a buy rating to a hold rating and set a $105.00 target price on the stock. in a report from Friday, April 1. Finally, StockNews.com assumed coverage on shares of Science Applications International in a report on Thursday, March 31st. They assign a buy rating to the stock. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Science Applications International presently has an average rating of Hold and an average target price of $102.86, according to MarketBeat data.

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Shares of NYSE:SAIC opened at $94.94 on Monday. The firm has a market cap of $5.29 billion, a P/E ratio of 20.29 and a beta of 0.70. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.42. Science Applications International has a 12-month low of $78.10 and a 12-month high of $95.98. The company’s 50-day moving average is $86.84, and its 200-day moving average is $86.59.

Science Applications International (NYSE:SAIC – Get Rating) last posted its earnings results on Monday, June 6th. The information technology services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.10. The company had revenue of $2 billion for the quarter, compared to analysts’ estimates of $1.93 billion. Science Applications International had a net margin of 3.58% and a return on equity of 25.28%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. In the same quarter last year, the firm earned $1.94 EPS. As a group, equities analysts forecast that Science Applications International will post 7.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be given a $0.37 dividend. This represents an annual dividend of $1.48 and a dividend yield of 1.56%. The ex-dividend date is Thursday, July 14th. Science Applications International’s dividend payout ratio (DPR) is currently 31.62%.

Several hedge funds and other institutional investors have recently modified their holdings of SAIC. Covestor Ltd raised its position in shares of Science Applications International by 90.6% in the first quarter. Covestor Ltd now owns 1,590 shares of the information technology services provider’s stock valued at $147,000 after acquiring an additional 756 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Science Applications International in the first quarter valued at approximately $219,000. Pearl River Capital LLC acquired a new stake in shares of Science Applications International in the first quarter valued at approximately $253,000. Neuberger Berman Group LLC raised its position in shares of Science Applications International by 11.3% in the first quarter. Neuberger Berman Group LLC now owns 3,103 shares of the information technology services provider’s stock valued at $286,000 after acquiring an additional 315 shares during the period. Finally, PDT Partners LLC acquired a new stake in shares of Science Applications International in the first quarter valued at approximately $570,000. 78.35% of the stock is currently owned by institutional investors.

About Science Applications International (Get Rating)

Science Applications International Corporation provides technical, engineering and enterprise information technology (IT) services primarily in the United States. The company’s offerings include engineering; technological integration; IT modernization; maintenance of land and sea systems; logistics; training and simulation; operational and program support services; and end-to-end services such as design, development, integration, implementation, management and operations, maintenance and security of its customers’ IT infrastructure, as well as cloud migration, managed services, infrastructure modernization and enterprise IT-such as -a- service solutions.

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Science Applications International (NYSE:SAIC) Earnings History and Forecasts

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