CACI International (NYSE:CACI) Issues 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 guidance of 20.130-20.580 for the period, compared to the consensus earnings per share 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.

CACI International Stock Down 0.8 %

Shares of CACI stock traded down $3.22 during trading on Wednesday, reaching $379.21. The company’s stock had a trading volume of 163,666 shares, compared to its average volume of 122,055. The business has a fifty day moving average price of $371.27 and a 200-day moving average price of $344.37. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 1.87 and a beta of 0.89. CACI International has a one year low of $293.69 and a one year high of $385.70.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.14). CACI International had a return on equity of 13.65% and a net margin of 5.31%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm posted $4.28 earnings per share. CACI International’s quarterly revenue was up 11.2% on a year-over-year basis. Analysts anticipate that CACI International will post 20.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on CACI. The Goldman Sachs Group upped their price target on shares of CACI International from $379.00 to $425.00 and gave the company a neutral rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. increased their target price on shares of CACI International from $375.00 to $383.00 and gave the stock an overweight rating in a report on Tuesday, February 6th. Stifel Nicolaus increased their target price on shares of CACI International from $390.00 to $430.00 and gave the stock a buy rating in a report on Tuesday. Wells Fargo & Company raised their price objective on shares of CACI International from $387.00 to $410.00 and gave the company an overweight rating in a report on Thursday, April 4th. Finally, Robert W. Baird lifted their target price on shares of CACI International from $370.00 to $464.00 and gave the stock an outperform rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, CACI International currently has a consensus rating of Moderate Buy and a consensus price target of $400.82.

Insider Buying and Selling

In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the sale, the executive vice president now owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the sale, the executive vice president now owns 23,385 shares of the company’s stock, valued at approximately $8,827,369.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gregory G. Johnson sold 150 shares of CACI International stock in a transaction that occurred on 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 approximately $2,331,453.74. The disclosure for this sale can be found here. 1.20% of the stock is owned by company 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.