
SAIC stock has experienced a significant increase in its stock price, with a high of $140.57 in 2020, according to historical data.
The company's market capitalization has also been steadily rising, reaching $14.3 billion as of 2022. This growth can be attributed to SAIC's strong financial performance and its position as a leading provider of technology and engineering services to the US government.
SAIC's revenue has consistently exceeded $4 billion annually since 2018, with a high of $4.3 billion in 2020. This revenue growth has contributed to the company's increased market value.
SAIC's stock price has been influenced by various market trends, including the increasing demand for technology and engineering services in the defense and intelligence sectors.
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Financial Performance
In 2023, SAIC's revenue was $7.44 billion, a decrease of -3.37% compared to the previous year's $7.70 billion. This decline in revenue is a notable trend in the company's financial performance.
The company's earnings were $477.00 million, an increase of 59.00% from the previous year. This significant jump in earnings is a promising sign for SAIC's financial health.
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Over the past year, SAIC's stock price has experienced some volatility, with a 1-week increase of 1.40% and a 1-month decrease of -0.58%. However, its 5-year performance is more stable, with a 25.89% growth rate.
Here's a breakdown of SAIC's financial performance over the past year:
SAIC's financial strength is also worth noting, with a cash-to-debt ratio of 0.02 and an equity-to-asset ratio of 0.31. These metrics suggest that the company is taking on a significant amount of debt to fund its operations.
Analyst Insights
Analysts are overwhelmingly optimistic about SAIC stock, with an average rating of "Buy" from 8 analysts. They expect a significant increase in stock price, forecasting $142.0 in 12 months, a 34.10% rise from the latest price.
The current analyst recommendations are as follows: 3 analysts recommend buying, 8 analysts suggest holding, 1 analyst recommends selling, and there are no overweight or underweight recommendations.
Here's a breakdown of the current analyst recommendations:
Analysts Recommendations
Most analysts currently recommend holding onto SAIC stock, with a mean recommendation of "Hold" based on the current analyst consensus.
There are 3 analysts who currently recommend buying SAIC stock, which is a decrease from 4 analysts who recommended buying 1 month ago.
8 analysts currently recommend holding onto SAIC stock, which is an increase from 7 analysts who recommended holding 3 months ago.
Only 1 analyst currently recommends selling SAIC stock, which is consistent with their recommendation 1 month and 3 months ago.
Here is a breakdown of the current analyst recommendations:
Still Attractive High Return Business
The US industrial sector is performing well, which is a great sign for the economy. This is a key factor in why certain industries and corporations are still attractive options for investors.
Equity markets are holding up near all-time highs, indicating a stable economic environment. This stability is a major draw for investors looking for high return businesses.
Science Applications International Corporation is one such company that is still attractively rated, offering a high return on investment. Its solid financials and strong industry presence make it a compelling choice for those seeking profitable ventures.
Stock Performance
SAIC's revenue decreased by 3.37% in 2023 to $7.44 billion, but earnings increased by 59.00% to $477.00 million.
The company's share price has been relatively stable, with a 1 month change of -1.96% and a 3 month change of -25.70%. However, it's worth noting that SAIC's share price has been volatile in the past, with a 52 week high of $156.34 and a 52 week low of $107.59.
Here's a summary of SAIC's price performance over the past year:
Stock Rises on Stronger Than Expected Results
SAIC's stock rose significantly after the company posted better-than-expected results and increased its guidance.
The company's revenue in 2023 was $7.44 billion, a decrease of 3.37% compared to the previous year.
Earnings were $477.00 million, a notable increase of 59.00% year-over-year.
Shares of SAIC advanced on the news, a clear indication of investor confidence in the company's performance.
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Price History & Performance
The price history and performance of SAIC's stock is a fascinating topic. In 2023, the company's revenue was $7.44 billion, a decrease of -3.37% compared to the previous year's $7.70 billion.
The current share price of SAIC is $108.96, which is a significant drop from its 52-week high of $156.34. This represents a 1-month change of -1.96% and a 3-month change of -25.70%.
SAIC's stock has shown a remarkable increase in value since its IPO, with a change of 246.68%. However, the 1-year change is a more modest -16.74%.
Here's a breakdown of SAIC's performance over different time periods:
SAIC's beta is 0.66, which indicates a relatively stable stock. The 52-week low is $107.59, showing that the stock has maintained a relatively stable value over time.
Board Declares Cash Dividend
The SAIC Board of Directors has a history of declaring cash dividends, with the most recent announcement being in December 2024, where they declared a cash dividend of $0.37 per share.
In fact, this is not the first time SAIC has declared a cash dividend, as you can see from the dividend calendar, which shows that the company has been consistently paying out dividends since 2014, with a payout ratio of 0.18.
The dividend payout ratio is a measure of how much of the company's earnings are being distributed to shareholders, and in SAIC's case, it's a relatively low 0.18, indicating that the company is being conservative with its dividend payments.
Here's a breakdown of SAIC's dividend history:
As you can see, the dividend amount has been relatively stable over the years, with the company paying out $1.48 per share from 2020 to 2023, and $0.37 per share in 2024.
Contract Awards
Science Applications International Corp. (SAIC) has been awarded multiple contracts in recent years, demonstrating its capabilities and expertise in various areas.
SAIC has been awarded a prime position on the $1.8 billion PRISM contract, a significant win for the company.
The company's contract awards include a $1.8 billion PRISM contract, three contracts worth $58.2 million for engineering services to support the Airborne Electronic Attack (AEA) Integrated Product Team, and a position on a $130 billion pipeline.
SAIC's contract awards are a testament to its ability to deliver high-quality solutions to the US government.
SAIC has been awarded contracts to support the Airborne Electronic Attack (AEA) Integrated Product Team, a significant contribution to the US Navy's mission.
These contract awards are a significant boost to SAIC's revenue and outlook, according to JP Morgan analyst Seth M. Seifman.
SAIC's contract awards also demonstrate its expertise in IT solutions, as seen in its work on advancing IT solutions for NORAD and U.S. Northern Command.
Frequently Asked Questions
Is SAIC a publicly traded company?
Yes, SAIC is a publicly traded company, listed on the NYSE under the ticker symbol SAIC. Its common stock is identified by the CUSIP number 808625107.
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