Wall Street brokerages forecast that Caci International Inc (NYSE:CACI) will announce sales of $1.35 billion for the current quarter, according to Zacks. Seven analysts have provided estimates for Caci International’s earnings. The lowest sales estimate is $1.31 billion and the highest is $1.38 billion. Caci International reported sales of $1.17 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.4%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, October 30th.

On average, analysts expect that Caci International will report full year sales of $5.62 billion for the current financial year, with estimates ranging from $5.60 billion to $5.66 billion. For the next fiscal year, analysts anticipate that the company will report sales of $5.90 billion, with estimates ranging from $5.87 billion to $5.97 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Caci International.

Caci International (NYSE:CACI) last released its quarterly earnings results on Wednesday, August 14th. The information technology services provider reported $1.96 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.16). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. Caci International had a return on equity of 11.61% and a net margin of 5.33%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm earned $2.05 EPS.

Several research analysts have commented on CACI shares. Credit Suisse Group reaffirmed a “buy” rating and set a $269.00 price target on shares of Caci International in a research report on Thursday, September 19th. Barclays started coverage on Caci International in a research report on Friday, September 20th. They set an “overweight” rating and a $260.00 price target on the stock. ValuEngine lowered Caci International from a “hold” rating to a “sell” rating in a report on Wednesday. Goldman Sachs Group reissued a “buy” rating and issued a $258.00 target price on shares of Caci International in a report on Wednesday, September 18th. Finally, Morgan Stanley boosted their target price on Caci International from $215.00 to $224.00 and gave the company an “equal weight” rating in a report on Monday, June 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $234.18.

CACI traded up $3.26 during trading on Thursday, hitting $228.41. 95,959 shares of the stock were exchanged, compared to its average volume of 216,745. The firm has a market capitalization of $5.60 billion, a P/E ratio of 21.84, a PEG ratio of 1.86 and a beta of 1.32. Caci International has a 1-year low of $138.39 and a 1-year high of $235.00. The stock has a fifty day moving average price of $220.10 and a two-hundred day moving average price of $205.63. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.68.

In related news, Director James L. Pavitt sold 500 shares of Caci International stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $217.27, for a total value of $108,635.00. Following the sale, the director now directly owns 6,224 shares in the company, valued at $1,352,288.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kenneth Asbury sold 14,050 shares of Caci International stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $209.53, for a total value of $2,943,896.50. Following the completion of the sale, the insider now owns 51,080 shares in the company, valued at $10,702,792.40. The disclosure for this sale can be found here. In the last three months, insiders sold 15,411 shares of company stock worth $3,237,888. Corporate insiders own 1.51% of the company’s stock.

Several institutional investors have recently bought and sold shares of CACI. New York State Common Retirement Fund boosted its stake in shares of Caci International by 6.1% in the first quarter. New York State Common Retirement Fund now owns 30,578 shares of the information technology services provider’s stock valued at $5,566,000 after buying an additional 1,771 shares in the last quarter. Piedmont Investment Advisors Inc. purchased a new stake in Caci International during the first quarter worth $257,000. Thompson Siegel & Walmsley LLC boosted its position in Caci International by 458.0% during the first quarter. Thompson Siegel & Walmsley LLC now owns 69,156 shares of the information technology services provider’s stock worth $12,588,000 after purchasing an additional 56,762 shares in the last quarter. Marshall Wace LLP purchased a new stake in Caci International during the first quarter worth $93,000. Finally, Laurel Wealth Advisors Inc. purchased a new stake in Caci International during the first quarter worth $240,000. Hedge funds and other institutional investors own 86.63% of the company’s stock.

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 in the areas of 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.

See Also: Return on Equity (ROE)

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

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