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

CACI International (NYSE:CACI) updated 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.

CACI International Stock Up 4.9 %

Shares of NYSE:CACI traded up $18.58 during trading on Thursday, hitting $397.96. 187,810 shares of the company were exchanged, compared to its average volume of 122,895. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 24.28, a P/E/G ratio of 1.90 and a beta of 0.89. 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 fifty-two week low of $293.69 and a fifty-two week high of $403.85. The firm has a fifty day moving average price of $371.27 and a two-hundred day moving average price of $344.37.

CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.19. CACI International had a return on equity of 13.65% and a net margin of 5.31%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company earned $4.92 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts anticipate that CACI International will post 20.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on CACI International from $390.00 to $430.00 and gave the stock a buy rating in a report on Tuesday. Jefferies Financial Group downgraded shares of CACI International from a buy rating to a hold rating and decreased their price target for the company from $375.00 to $350.00 in a research note on Wednesday, January 3rd. Truist Financial boosted their price objective on shares of CACI International from $385.00 to $410.00 and gave the company a buy rating in a report on Tuesday, April 9th. StockNews.com cut CACI International from a buy rating to a hold rating in a research note on Monday, April 15th. Finally, The Goldman Sachs Group upped their target price on CACI International from $379.00 to $425.00 and gave the company a neutral rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $400.82.

Insiders Place Their Bets

In related news, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were 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 in the company, valued at approximately $8,827,369.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Gregory G. Johnson sold 150 shares of the business’s 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 owns 6,446 shares in the company, valued at approximately $2,331,453.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP J William Koegel, Jr. sold 500 shares of the firm’s stock in a transaction dated 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 in the company, valued at $8,827,369.80. The disclosure for this sale can be found here. Corporate insiders own 1.23% of the company’s stock.

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.