Zacks: Brokerages Expect CACI International, Inc. (NYSE:CACI) Will Post Quarterly Sales of $1.09 Billion
Equities analysts expect CACI International, Inc. (NYSE:CACI) to post sales of $1.09 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for CACI International’s earnings. The lowest sales estimate is $1.02 billion and the highest is $1.11 billion. CACI International reported sales of $1.11 billion in the same quarter last year, which would suggest a negative year over year growth rate of 1.8%. The business is expected to report its next earnings results after the market closes on Wednesday, August 16th.
According to Zacks, analysts expect that CACI International will report full-year sales of $1.09 billion for the current financial year, with estimates ranging from $4.24 billion to $4.33 billion. For the next year, analysts anticipate that the business will report sales of $4.42 billion per share, with estimates ranging from $4.40 billion to $4.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow CACI International.
A number of research firms recently weighed in on CACI. Noble Financial raised shares of CACI International from a “hold” rating to a “buy” rating in a report on Monday, May 15th. Zacks Investment Research raised shares of CACI International from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Wednesday, July 19th. Cowen and Company raised shares of CACI International from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $140.00 to $145.00 in a report on Monday, June 12th. Maxim Group reissued a “buy” rating and set a $161.00 price objective on shares of CACI International in a report on Thursday, June 22nd. Finally, ValuEngine raised shares of CACI International from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $125.33.
In other news, Director Gregory G. Johnson sold 355 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $127.00, for a total value of $45,085.00. Following the transaction, the director now directly owns 4,965 shares in the company, valued at approximately $630,555. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.15% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Martingale Asset Management L P increased its position in CACI International by 2.7% in the second quarter. Martingale Asset Management L P now owns 19,311 shares of the information technology services provider’s stock worth $2,415,000 after buying an additional 501 shares during the last quarter. Systematic Financial Management LP acquired a new position in CACI International during the second quarter worth about $1,751,000. AMG National Trust Bank increased its position in CACI International by 8.4% in the second quarter. AMG National Trust Bank now owns 4,391 shares of the information technology services provider’s stock worth $549,000 after buying an additional 342 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in CACI International by 13.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 91,488 shares of the information technology services provider’s stock worth $11,440,000 after buying an additional 11,197 shares during the last quarter. Finally, Cim Investment Mangement Inc. acquired a new position in CACI International during the second quarter worth about $357,000. Institutional investors own 89.05% of the company’s stock.
CACI International (NYSE CACI) traded up 0.54% during midday trading on Thursday, hitting $129.85. 20,312 shares of the stock traded hands. CACI International has a one year low of $92.65 and a one year high of $135.35. The company has a market cap of $3.18 billion, a PE ratio of 19.92 and a beta of 1.57. The company’s 50-day moving average is $126.72 and its 200-day moving average is $123.70.
CACI International Company Profile
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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