CACI International (NYSE:CACI) Announces Quarterly Earnings Results

CACI International (NYSE:CACI) released its quarterly earnings data on Wednesday. The information technology services provider reported $5.74 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.19, Briefing.com reports. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $4.92 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. CACI International updated its FY24 guidance to $20.13-20.58 EPS and its FY 2024 guidance to 20.130-20.580 EPS.

CACI International Price Performance

CACI opened at $404.54 on Friday. The firm has a market cap of $9.02 billion, a P/E ratio of 23.37, a PEG ratio of 1.99 and a beta of 0.89. The firm has a 50-day moving average of $373.20 and a 200 day moving average of $345.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.32 and a current ratio of 1.28. CACI International has a fifty-two week low of $293.69 and a fifty-two week high of $406.78.

Insider Activity at CACI International

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CACI shares. Robert W. Baird upped their price objective on shares of CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. StockNews.com upgraded shares of CACI International from a “hold” rating to a “buy” rating in a report on Thursday. Jefferies Financial Group downgraded shares of CACI International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $375.00 to $350.00 in a report on Wednesday, January 3rd. Wells Fargo & Company increased their target price on shares of CACI International from $387.00 to $410.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Stifel Nicolaus increased their target price on shares of CACI International from $390.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $400.82.

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.