CACI International (NYSE:CACI) Releases FY 2024 Earnings Guidance

CACI International (NYSE:CACI) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 20.130-20.580 for the period, compared to the consensus estimate of 20.310. The company issued revenue guidance of $7.5 billion-$7.6 billion, compared to the consensus revenue estimate of $7.4 billion. CACI International also updated its FY24 guidance to $20.13-20.58 EPS.

Analysts Set New Price Targets

Several research firms recently weighed in on CACI. Stifel Nicolaus boosted their target price on CACI International from $390.00 to $430.00 and gave the stock a buy rating in a report on Tuesday. Truist Financial lifted their price target on CACI International from $385.00 to $410.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. Jefferies Financial Group downgraded CACI International from a buy rating to a hold rating and dropped their price target for the stock from $375.00 to $350.00 in a research report on Wednesday, January 3rd. The Goldman Sachs Group lifted their price target on CACI International from $379.00 to $425.00 and gave the stock a neutral rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price target on CACI International from $375.00 to $383.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $400.82.

CACI International Trading Down 0.8 %

Shares of CACI traded down $3.05 during trading hours on Wednesday, hitting $379.38. 163,666 shares of the stock traded hands, compared to its average volume of 122,055. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53. 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 PE ratio of 22.98, a price-to-earnings-growth ratio of 1.87 and a beta of 0.89. The business has a fifty day moving average of $371.27 and a 200-day moving average of $344.37.

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 the consensus estimate of $4.50 by ($0.14). CACI International had a net margin of 5.31% and a return on equity of 13.65%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company earned $4.28 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. Analysts expect that CACI International will post 20.27 EPS for the current year.

Insider Activity

In other CACI International news, Director Gregory G. Johnson sold 150 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $361.69, for a total value of $54,253.50. Following the completion of the sale, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Gregory G. Johnson sold 150 shares of the stock in a transaction dated 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 directly owns 6,446 shares in the company, valued at $2,331,453.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 directly owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

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.