CACI International, Inc. (CACI) Updates FY18 Earnings Guidance
CACI International, Inc. (NYSE:CACI) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $6.76-7.08 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.80. The company issued revenue guidance of $4.35-4.50 billion, compared to the consensus revenue estimate of $4.45 billion.
CACI International (NYSE:CACI) last posted its earnings results on Wednesday, November 1st. The information technology services provider reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.15. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. CACI International had a net margin of 3.76% and a return on equity of 9.52%. CACI International’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 earnings per share.
A number of research firms recently issued reports on CACI. BidaskClub raised shares of CACI International from a sell rating to a hold rating in a research note on Wednesday, September 20th. Noble Financial downgraded shares of CACI International from a buy rating to a hold rating in a research note on Tuesday, October 3rd. Zacks Investment Research downgraded shares of CACI International from a buy rating to a hold rating in a research note on Wednesday, August 16th. Cowen and Company reissued a buy rating and issued a $152.00 price target on shares of CACI International in a research note on Thursday, October 12th. Finally, FBR & Co reissued a neutral rating and issued a $123.00 price target on shares of CACI International in a research note on Sunday, August 20th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $146.60.
In other CACI International news, Director Gregory G. Johnson sold 400 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $125.25, for a total transaction of $50,100.00. Following the completion of the transaction, the director now owns 4,817 shares of the company’s stock, valued at $603,329.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas A. Mutryn sold 6,165 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $131.28, for a total transaction of $809,341.20. Following the transaction, the chief financial officer now directly owns 37,555 shares of the company’s stock, valued at approximately $4,930,220.40. The disclosure for this sale can be found here. Insiders have sold 7,806 shares of company stock valued at $1,016,596 in the last ninety days. Insiders own 1.44% of the company’s stock.
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About CACI International
CACI International Inc is a simulation technology company. The Company provides information solutions and services. The Company operates through two segments: domestic operations and international operations. It serves clients in the United States federal government and commercial markets, primarily throughout North America and internationally on behalf of the United States customers, as well as in the United Kingdom and the Netherlands.
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