CACI International (NYSE:CACI) Announces Earnings Results, Beats Estimates By $0.19 EPS

CACI International (NYSE:CACI) issued its quarterly earnings results on Wednesday. The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.19, Briefing.com reports. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. CACI International had a net margin of 5.31% and a return on equity of 13.65%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.92 earnings per share. 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 Trading Up 4.9 %

CACI traded up $18.73 during trading on Thursday, reaching $398.11. 172,190 shares of the company’s stock were exchanged, compared to its average volume of 122,582. CACI International has a fifty-two week low of $293.69 and a fifty-two week high of $403.85. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $8.87 billion, a PE ratio of 24.28, a P/E/G ratio of 1.90 and a beta of 0.89. The company’s fifty day moving average price is $371.27 and its 200-day moving average price is $344.37.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CACI. Wells Fargo & Company lifted 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. Robert W. Baird raised their price target on CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Jefferies Financial Group downgraded CACI International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $375.00 to $350.00 in a research note on Wednesday, January 3rd. StockNews.com downgraded CACI International from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. upped their price target on CACI International from $375.00 to $383.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $400.82.

Insider Buying and Selling

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

About CACI International

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.