CACI International (NYSE:CACI) Releases FY24 Earnings Guidance

CACI International (NYSE:CACI) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $20.13-20.58 for the period, compared to the consensus 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 Trading Down 0.8 %

Shares of NYSE:CACI traded down $3.05 on Wednesday, hitting $379.38. The company had a trading volume of 156,991 shares, compared to its average volume of 122,054. CACI International has a 1 year low of $293.69 and a 1 year high of $385.70. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 1.87 and a beta of 0.89. The firm’s 50-day simple moving average is $371.27 and its two-hundred day simple moving average is $344.37. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

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

Wall Street Analysts Forecast Growth

CACI has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of CACI International from $387.00 to $410.00 and gave the company an overweight rating in a research report on Thursday, April 4th. Jefferies Financial Group downgraded shares of CACI International from a buy rating to a hold rating and lowered their target price for the stock from $375.00 to $350.00 in a report on Wednesday, January 3rd. StockNews.com downgraded shares of CACI International from a buy rating to a hold rating in a report on Monday, April 15th. Truist Financial upped their price target 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. Finally, JPMorgan Chase & Co. upped their price target 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. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $400.82.

Insider Buying and Selling at CACI International

In other news, EVP J William Koegel, Jr. sold 500 shares of the company’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 $8,827,369.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction that occurred on 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 owns 23,385 shares in the company, valued at approximately $8,827,369.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gregory G. Johnson sold 150 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was 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 approximately $2,331,453.74. The disclosure for this sale can be found here. Company 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.