CACI International (NYSE:CACI) Releases FY 2021 Earnings Guidance


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CACI International (NYSE:CACI) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 18.000-18.400 for the period, compared to the Thomson Reuters consensus estimate of $15.320. The company issued revenue guidance of $6 billion-$6.08 billion, compared to the consensus revenue estimate of $6.14 billion.

Shares of NYSE:CACI traded down $0.23 during midday trading on Tuesday, hitting $261.86. 2,226 shares of the stock were exchanged, compared to its average volume of 236,715. CACI International has a twelve month low of $190.16 and a twelve month high of $266.31. 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 has a 50 day moving average price of $251.20 and a 200-day moving average price of $239.56. The stock has a market cap of $6.17 billion, a P/E ratio of 19.24, a PEG ratio of 1.66 and a beta of 1.10.

CACI International (NYSE:CACI) last announced its earnings results on Tuesday, April 20th. The information technology services provider reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $1.09. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. CACI International had a net margin of 5.97% and a return on equity of 13.22%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.16 earnings per share. On average, equities research analysts expect that CACI International will post 14.99 earnings per share for the current year.

A number of brokerages have commented on CACI. Truist increased their target price on CACI International from $275.00 to $290.00 in a report on Friday, January 29th. Barclays increased their price objective on CACI International from $250.00 to $300.00 and gave the company an overweight rating in a research note on Monday. Zacks Investment Research downgraded shares of CACI International from a buy rating to a hold rating and set a $254.00 target price for the company. in a research note on Monday, March 15th. Credit Suisse Group decreased their price target on shares of CACI International from $296.00 to $288.00 and set an outperform rating on the stock in a research note on Friday, January 29th. Finally, Cowen reissued a buy rating and issued a $283.00 price objective on shares of CACI International in a research report on Friday, February 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. CACI International currently has an average rating of Buy and an average price target of $286.70.

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

A hedge fund recently bought a new stake in CACI International stock. OLD Mission Capital LLC bought a new position in shares of CACI International Inc (NYSE:CACI) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 3,383 shares of the information technology services provider’s stock, valued at approximately $721,000. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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