CACI International (NYSE:CACI) Issues FY24 Earnings Guidance

CACI International (NYSE:CACI) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $20.13-20.58 for the period, compared to the consensus EPS 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 Stock Performance

CACI traded down $3.05 on Wednesday, reaching $379.38. 156,991 shares of the stock were exchanged, compared to its average volume of 122,054. The company’s 50-day moving average price is $371.27 and its 200 day moving average price is $344.37. CACI International has a fifty-two week low of $293.69 and a fifty-two week high of $385.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $8.45 billion, a PE ratio of 23.15, a PEG ratio of 1.87 and a beta of 0.89.

CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.14). The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.84 billion. CACI International had a net margin of 5.31% and a return on equity of 13.65%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.28 EPS. As a group, sell-side analysts forecast that CACI International will post 20.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CACI. Stifel Nicolaus lifted their price target on CACI International from $390.00 to $430.00 and gave the company a buy rating in a research note on Tuesday. StockNews.com cut CACI International from a buy rating to a hold rating in a report on Monday, April 15th. JPMorgan Chase & Co. boosted their target price on CACI International from $375.00 to $383.00 and gave the stock an overweight rating in a report on Tuesday, February 6th. Robert W. Baird boosted their target price on CACI International from $370.00 to $464.00 and gave the stock an outperform rating in a report on Monday, April 8th. Finally, Jefferies Financial Group lowered CACI International from a buy rating to a hold rating and lowered their price target for the stock from $375.00 to $350.00 in a research report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, CACI International presently has an average rating of Moderate Buy and a consensus price target of $400.82.

Insider Activity

In other news, EVP J William Koegel, Jr. sold 500 shares of CACI International 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 approximately $8,827,369.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Gregory G. Johnson sold 150 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 6,446 shares of the company’s stock, valued at approximately $2,331,453.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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.