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Jefferies maintain Hold rating on Science Applications shares

EditorTanya Mishra
Published 27/08/2024, 13:36
SAIC
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Jefferies has maintained a Hold rating on Science Applications (NASDAQ:SAIC) International Corporation (NASDAQ: SAIC) with a steady price target of $135.00. The decision comes as the firm adjusts its estimates for the company before the second fiscal quarter earnings report, which is anticipated on September 5.

The revised estimates now reflect an adjusted earnings per share (EPS) of $1.87 for the second fiscal quarter of 2025, a slight decrease from the previous $1.89. The change is attributed to an expected more gradual improvement in adjusted EBITDA margins, which increased by 20 basis points quarter over quarter in the first fiscal quarter, as opposed to the 30 basis points increase that was initially projected.

In other recent news, Science Applications was awarded three contracts totaling $58.2 million to support various Naval Air Warfare Center Weapons Division programs. This is in addition to a $120 million contract from Naval Supply Systems Command to provide training support for the U.S. Navy.

SAIC reported robust first-quarter results for the fiscal year 2025, with a revenue of $1.85 billion and an adjusted EBITDA of $166 million.

Meanwhile, Investment firm Jefferies maintained a 'Hold' rating on SAIC stock, citing the company's strategic direction and investment plans. On a similar note, TD Cowen reiterated a 'Buy' rating for SAIC, highlighting the company's high cash flow yield and potential for growth in fiscal year 2026.

In global trade developments, the European Union has initiated tariffs on electric vehicles (EVs) imported from China, with SAIC facing tariffs of 37.6%. This move has prompted Canada to consider implementing similar tariffs on Chinese-made EVs. These shifts in international trade policy could potentially impact SAIC's EV market operations.

InvestingPro Insights

As Science Applications International Corporation (NASDAQ:SAIC) prepares to release its second fiscal quarter earnings on September 5, investors may find value in the real-time data and insights from InvestingPro. SAIC's market capitalization stands at $6.59 billion, reflecting the size and scale of the company within its industry. The firm currently trades at a P/E ratio of 14.81, suggesting that it may be undervalued relative to its near-term earnings growth, as indicated by a low PEG ratio of 0.31 for the last twelve months as of Q1 2025. This is further supported by InvestingPro Tips, which highlight that SAIC is trading at a low P/E ratio relative to near-term earnings growth and has maintained dividend payments for 12 consecutive years, with a recent dividend yield of 1.15%.

InvestingPro also notes a high shareholder yield and management's aggressive share buyback strategy, which could signal confidence in the company's value from its leadership. Despite a decline in revenue growth by 6.11% over the last twelve months as of Q1 2025, SAIC has been profitable over the same period, with analysts predicting profitability to continue this year. These metrics and strategic insights are part of a broader set of additional tips available on InvestingPro, providing investors with a comprehensive understanding of SAIC's financial health and market position ahead of its earnings report.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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