Science Applications International Co. (NYSE:SAIC) has declared a quarterly dividend of $0.37 per share, set to be paid to shareholders on January 28, 2024. This announcement, made on December 2, 2023, indicates that stockholders on record by January 14, 2024 will receive the dividend, reflecting an annualized yield of 1.5%.
The company’s stock responded positively, rising by 16.3% during trading on Thursday, with shares reaching $101.79. The trading volume for the day was substantial, at 2,849,505 shares, significantly exceeding its average volume of 624,552 shares. As of this trading session, Science Applications International holds a market capitalization of $4.68 billion, a price-to-earnings (P/E) ratio of 17.17, and a beta of 0.30.
Financial Performance Overview
In its latest quarterly earnings report issued on December 4, 2023, Science Applications International announced earnings of $2.58 per share, surpassing analysts’ expectations of $2.07 by $0.51. The company reported revenue of $1.87 billion, aligning with analyst estimates. Despite the positive earnings, the revenue reflects a decline of 5.6% compared to the same quarter last year, when the company posted earnings of $2.61 per share.
The firm has also provided guidance for the fiscal year 2026, projecting earnings per share between $9.800 and $10.000. Analysts anticipate that Science Applications International will achieve an earnings per share of $8.27 for the current year.
Company Background and Services
Science Applications International Corporation specializes in providing technical, engineering, and enterprise information technology (IT) services, primarily within the United States. The company’s diverse offerings include IT modernization, digital engineering, artificial intelligence, and support for weapon systems. They play a crucial role in the design, modification, integration, and ongoing support of these systems.
Additionally, the company is involved in end-to-end services that encompass the management, development, integration, and security of IT infrastructure. Their support extends to training and simulation, as well as ground vehicle modifications for the armed forces.
With a solid track record and a focus on innovative solutions, Science Applications International continues to play a significant role in the technology and defense sectors.
