CACI International Inc (NYSE:CACI) Expected to Announce Quarterly Sales of $1.56 Billion


Share on StockTwits

Wall Street analysts forecast that CACI International Inc (NYSE:CACI) will post sales of $1.56 billion for the current quarter, Zacks reports. Six analysts have made estimates for CACI International’s earnings, with the lowest sales estimate coming in at $1.53 billion and the highest estimate coming in at $1.59 billion. CACI International reported sales of $1.50 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4%. The firm is expected to issue its next earnings report on Wednesday, August 11th.

On average, analysts expect that CACI International will report full-year sales of $6.06 billion for the current year, with estimates ranging from $6.01 billion to $6.15 billion. For the next financial year, analysts forecast that the firm will report sales of $6.30 billion, with estimates ranging from $6.15 billion to $6.38 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow CACI International.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Tuesday, April 20th. The information technology services provider reported $4.78 EPS for the quarter, topping the Zacks’ consensus estimate of $3.69 by $1.09. CACI International had a return on equity of 13.22% and a net margin of 5.97%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company posted $3.16 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year.

CACI has been the subject of a number of research reports. Barclays raised their price objective on CACI International from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Investment Research downgraded CACI International from a “buy” rating to a “hold” rating and set a $254.00 price target for the company. in a research note on Monday, March 15th. Cowen reaffirmed a “buy” rating and set a $283.00 price target on shares of CACI International in a research note on Friday, February 5th. Credit Suisse Group cut their price target on CACI International from $296.00 to $288.00 and set an “outperform” rating for the company in a research note on Friday, January 29th. Finally, Morgan Stanley raised their price target on CACI International from $279.00 to $282.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 25th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $286.70.

In other CACI International news, insider Gregory R. Bradford purchased 2,275 shares of the company’s stock in a transaction on Tuesday, March 2nd. The shares were bought at an average cost of $219.29 per share, with a total value of $498,884.75. Following the transaction, the insider now directly owns 54,760 shares in the company, valued at approximately $12,008,320.40. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William S. Wallace sold 167 shares of CACI International stock in a transaction that occurred on Wednesday, February 10th. The stock was sold at an average price of $244.51, for a total value of $40,833.17. Following the completion of the transaction, the director now directly owns 10,387 shares in the company, valued at $2,539,725.37. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS Asset Management Americas Inc. increased its position in CACI International by 5.8% in the 4th quarter. UBS Asset Management Americas Inc. now owns 50,428 shares of the information technology services provider’s stock worth $12,573,000 after buying an additional 2,784 shares during the period. Patron Partners Advisors LLC bought a new position in CACI International in the 4th quarter worth approximately $656,000. Teachers Retirement System of The State of Kentucky increased its position in CACI International by 17.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 11,088 shares of the information technology services provider’s stock worth $2,363,000 after buying an additional 1,638 shares during the period. SG Americas Securities LLC increased its position in CACI International by 2,242.3% in the 4th quarter. SG Americas Securities LLC now owns 16,607 shares of the information technology services provider’s stock worth $4,141,000 after buying an additional 15,898 shares during the period. Finally, GW&K Investment Management LLC grew its holdings in shares of CACI International by 17.7% during the 4th quarter. GW&K Investment Management LLC now owns 150,046 shares of the information technology services provider’s stock worth $37,411,000 after purchasing an additional 22,586 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors.

NYSE CACI traded up $1.35 during trading on Thursday, reaching $263.44. 194,033 shares of the company’s stock were exchanged, compared to its average volume of 236,206. CACI International has a fifty-two week low of $190.16 and a fifty-two week high of $266.31. The firm has a market capitalization of $6.20 billion, a PE ratio of 19.34, a P/E/G ratio of 1.66 and a beta of 1.10. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $251.62 and its 200-day simple moving average is $239.79.

About CACI International

CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions for financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.

Featured Story: Investing in Blue-Chip Stocks

Get a free copy of the Zacks research report on CACI International (CACI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for CACI International (NYSE:CACI)

Receive News & Ratings for CACI International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CACI International and related companies with MarketBeat.com's FREE daily email newsletter.