CACI International (NYSE:CACI) Issues Quarterly Earnings Results

CACI International (NYSE:CACI) posted its earnings results on Wednesday. The information technology services provider reported $7.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $1.09, Zacks reports. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.51 billion. CACI International had a return on equity of 15.65% and a net margin of 5.60%.

CACI International Stock Performance

CACI International stock traded up $12.38 during trading on Wednesday, reaching $620.13. The company had a trading volume of 245,361 shares, compared to its average volume of 285,592. CACI International has a 52 week low of $434.70 and a 52 week high of $683.50. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.00 and a beta of 0.59. The firm’s 50-day simple moving average is $625.77 and its 200 day simple moving average is $550.24.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CACI shares. BNP Paribas Exane lowered shares of CACI International from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $675.00 to $540.00 in a report on Tuesday, October 6th. TD Cowen dropped their price target on shares of CACI International from $625.00 to $550.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings raised CACI International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, October 13th. Wells Fargo & Company restated an “overweight” rating and set a $715.00 target price on shares of CACI International in a research note on Monday, August 10th. Finally, Stifel Nicolaus set a $892.00 price target on shares of CACI International in a research note on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $710.36.

CACI International Company Profile

CACI International Inc is a professional services and information technology company that provides mission-critical solutions to government customers, primarily in the United States. The company supports defense, intelligence, homeland security, and federal civilian agencies with expertise in areas such as enterprise IT, data analytics, artificial intelligence, cybersecurity, and software development.

CACI also delivers capabilities for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR), electronic warfare, signals intelligence, and other national security missions.