CACI International (CACI) Set to Announce Earnings on Wednesday

CACI International (NYSE:CACI) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect CACI International to post earnings of $5.55 per share for the quarter. CACI International has set its FY24 guidance at $19.91-20.58 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.14). CACI International had a net margin of 5.31% and a return on equity of 13.65%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm earned $4.28 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. On average, analysts expect CACI International to post $20 EPS for the current fiscal year and $23 EPS for the next fiscal year.

CACI International Price Performance

CACI International stock opened at $366.52 on Wednesday. The firm has a market capitalization of $8.17 billion, a P/E ratio of 22.20, a PEG ratio of 1.83 and a beta of 0.89. CACI International has a one year low of $293.69 and a one year high of $382.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 1.32. The business has a fifty day moving average price of $369.92 and a 200-day moving average price of $342.31.

Wall Street Analyst Weigh In

CACI has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded shares of CACI International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $375.00 to $350.00 in a report on Wednesday, January 3rd. Truist Financial raised their price target 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. Robert W. Baird upped their price target on shares of CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Stifel Nicolaus raised CACI International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $365.00 to $380.00 in a research note on Friday, January 5th. Finally, StockNews.com lowered CACI International from a “buy” rating to a “hold” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $396.27.

Insider Activity

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. In other CACI International news, Director Gregory G. Johnson sold 150 shares of the company’s 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 directly owns 6,446 shares in the company, valued at $2,331,453.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $188,740.00. Following the completion of the transaction, the executive vice president now owns 23,385 shares in the company, valued at approximately $8,827,369.80. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of CACI International

Institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. grew its stake in shares of CACI International by 47.7% in the first quarter. Brown Brothers Harriman & Co. now owns 288 shares of the information technology services provider’s stock worth $87,000 after purchasing an additional 93 shares during the last quarter. Argent Trust Co purchased a new position in shares of CACI International during the first quarter valued at approximately $229,000. Raymond James Trust N.A. purchased a new position in shares of CACI International during the second quarter valued at approximately $287,000. Brevan Howard Capital Management LP bought a new position in shares of CACI International during the fourth quarter valued at approximately $316,000. Finally, Sanibel Captiva Trust Company Inc. purchased a new stake in CACI International in the fourth quarter worth $324,000. Hedge funds and other institutional investors own 86.43% 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.