Wall Street analysts predict that CACI International Inc (NYSE:CACI) will announce $1.12 billion in sales for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for CACI International’s earnings. The highest sales estimate is $1.17 billion and the lowest is $1.10 billion. CACI International reported sales of $1.09 billion in the same quarter last year, which would suggest a positive year over year growth rate of 2.8%. The firm is expected to announce its next earnings report after the market closes on Wednesday, May 2nd.
On average, analysts expect that CACI International will report full-year sales of $1.12 billion for the current fiscal year, with estimates ranging from $4.42 billion to $4.57 billion. For the next year, analysts forecast that the business will post sales of $4.61 billion per share, with estimates ranging from $4.53 billion to $4.82 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for CACI International.
CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.29). CACI International had a return on equity of 9.64% and a net margin of 6.13%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the firm earned $1.69 EPS. CACI International’s revenue for the quarter was up 2.9% compared to the same quarter last year.
A number of brokerages have weighed in on CACI. UBS raised CACI International from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, March 20th. Zacks Investment Research upgraded CACI International from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Wednesday, January 10th. Loop Capital boosted their price target on CACI International to $140.00 in a research note on Wednesday, January 3rd. Raymond James Financial upgraded CACI International from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $159.00 to $175.00 in a research note on Tuesday, March 20th. Finally, Noble Financial downgraded CACI International to a “hold” rating in a research note on Friday, February 2nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. CACI International has an average rating of “Buy” and an average target price of $155.45.
In other CACI International news, CEO Kenneth Asbury sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $150.84, for a total value of $3,771,000.00. Following the completion of the transaction, the chief executive officer now directly owns 77,694 shares in the company, valued at approximately $11,719,362.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James L. Pavitt sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $154.00, for a total value of $154,000.00. Following the completion of the transaction, the director now owns 8,507 shares of the company’s stock, valued at $1,310,078. The disclosure for this sale can be found here. Insiders sold a total of 42,294 shares of company stock valued at $6,313,412 over the last 90 days. 1.44% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado purchased a new stake in shares of CACI International during the 4th quarter worth approximately $207,000. Alps Advisors Inc. purchased a new stake in shares of CACI International during the 4th quarter worth approximately $212,000. Bessemer Group Inc. purchased a new stake in shares of CACI International during the 4th quarter worth approximately $225,000. Wedge Capital Management L L P NC raised its holdings in CACI International by 18.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 3,165 shares of the information technology services provider’s stock valued at $419,000 after buying an additional 490 shares during the period. Finally, Meadow Creek Investment Management LLC raised its holdings in CACI International by 25.6% during the 4th quarter. Meadow Creek Investment Management LLC now owns 3,672 shares of the information technology services provider’s stock valued at $486,000 after buying an additional 748 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.
NYSE:CACI traded down $1.95 during mid-day trading on Friday, reaching $149.40. The company’s stock had a trading volume of 42,826 shares, compared to its average volume of 173,661. CACI International has a 12-month low of $112.10 and a 12-month high of $159.40. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $3,727.43, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 2.06 and a beta of 1.42.
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About CACI International
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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