CACI International (NYSE:CACI) Updates FY24 Earnings Guidance

CACI International (NYSE:CACI) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $20.13-20.58 for the period, compared to the consensus earnings per share estimate of $20.33. The company issued revenue guidance of $7.5-7.6 billion, compared to the consensus revenue estimate of $7.40 billion. CACI International also updated its FY 2024 guidance to 20.130-20.580 EPS.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of CACI International from $370.00 to $464.00 and gave the company an outperform rating in a research note on Monday, April 8th. Truist Financial raised their target price on shares of CACI International from $385.00 to $410.00 and gave the company a buy rating in a research note on Tuesday, April 9th. The Goldman Sachs Group raised their target price on shares of CACI International from $379.00 to $425.00 and gave the company a neutral rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on shares of CACI International from $375.00 to $383.00 and gave the company an overweight rating in a research note on Tuesday, February 6th. Finally, Wells Fargo & Company raised their price target on shares of CACI International from $387.00 to $410.00 and gave the stock an overweight rating in a report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $400.82.

CACI International Price Performance

CACI traded up $4.39 on Friday, reaching $406.26. 113,717 shares of the company’s stock were exchanged, compared to its average volume of 124,143. The stock has a market cap of $9.05 billion, a PE ratio of 23.19, a P/E/G ratio of 1.89 and a beta of 0.89. CACI International has a twelve month low of $293.69 and a twelve month high of $406.69. The stock’s fifty day moving average price is $371.66 and its 200-day moving average price is $344.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 1.32.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.19. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. CACI International had a net margin of 5.37% and a return on equity of 13.97%. CACI International’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $4.92 earnings per share. Sell-side analysts expect that CACI International will post 20.27 EPS for the current year.

Insider Buying and Selling at CACI International

In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total value of $188,740.00. Following the transaction, the executive vice president now directly owns 23,385 shares in the company, valued at approximately $8,827,369.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Gregory G. Johnson sold 150 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the sale, the director now directly owns 6,446 shares of the company’s stock, valued at approximately $2,331,453.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the completion of the sale, the executive vice president now directly owns 23,385 shares in the company, valued at $8,827,369.80. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by company insiders.

CACI International Company Profile

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.