Science Applications International Co. (NYSE:SAIC) declared a quarterly dividend on Friday, March 30th, Wall Street Journal reports. Investors of record on Friday, April 13th will be paid a dividend of 0.31 per share by the information technology services provider on Friday, April 27th. This represents a $1.24 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, April 12th.
Science Applications International has increased its dividend payment by an average of 3.5% per year over the last three years. Science Applications International has a payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Science Applications International to earn $4.49 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 27.6%.
Shares of NYSE SAIC opened at $81.98 on Friday. The firm has a market capitalization of $3,648.35, a P/E ratio of 23.22, a P/E/G ratio of 3.99 and a beta of 1.41. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.37 and a quick ratio of 1.18. Science Applications International has a 1-year low of $60.21 and a 1-year high of $88.49.
Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, March 29th. The information technology services provider reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.35. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.04 billion. Science Applications International had a net margin of 4.02% and a return on equity of 55.88%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 EPS. sell-side analysts expect that Science Applications International will post 4.28 earnings per share for the current year.
In other Science Applications International news, CEO Anthony J. Moraco sold 80,000 shares of the business’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $82.88, for a total transaction of $6,630,400.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.94% of the company’s stock.
A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Jefferies Group set a $83.00 target price on shares of Science Applications International and gave the stock a “hold” rating in a research note on Sunday, April 1st. Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Saturday, March 31st. Cowen reaffirmed a “hold” rating and issued a $72.00 target price on shares of Science Applications International in a research note on Friday, December 8th. Finally, Vertical Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Friday, December 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $81.86.
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About Science Applications International
Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.
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