CACI International (NYSE:CACI) Issues Quarterly Earnings Results

CACI International (NYSE:CACI) issued its quarterly earnings results on Wednesday. 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, Briefing.com reports. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $4.92 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. CACI International updated its FY24 guidance to $20.13-20.58 EPS and its FY 2024 guidance to 20.130-20.580 EPS.

CACI International Stock Performance

Shares of CACI stock opened at $404.54 on Friday. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.32 and a current ratio of 1.28. The company has a 50-day simple moving average of $373.20 and a 200 day simple moving average of $345.51. CACI International has a 52 week low of $293.69 and a 52 week high of $406.78.

Analyst Upgrades and Downgrades

CACI has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. StockNews.com upgraded shares of CACI International from a “hold” rating to a “buy” rating in a research note on Thursday. The Goldman Sachs Group lifted their price objective on shares of CACI International from $379.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Robert W. Baird lifted their price objective on shares of CACI International from $370.00 to $464.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Truist Financial lifted their price objective on shares of CACI International from $385.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $400.82.

Insider Buying and Selling

In related news, Director Gregory G. Johnson sold 150 shares of CACI International stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $361.69, for a total transaction of $54,253.50. Following the completion of the sale, the director now owns 6,446 shares of the company’s stock, valued at approximately $2,331,453.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other CACI International news, Director Gregory G. Johnson sold 150 shares of CACI International stock in a transaction dated Monday, February 12th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction 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 approximately $8,827,369.80. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by insiders.

About CACI International

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.