$1.07 Billion in Sales Expected for CACI International, Inc. (CACI) This Quarter
Wall Street brokerages forecast that CACI International, Inc. (NYSE:CACI) will post $1.07 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for CACI International’s earnings, with estimates ranging from $1.04 billion to $1.10 billion. CACI International also posted sales of $1.07 billion in the same quarter last year. The company is scheduled to report its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that CACI International will report full year sales of $1.07 billion for the current year, with estimates ranging from $4.37 billion to $4.49 billion. For the next year, analysts expect that the firm will report sales of $4.56 billion per share, with estimates ranging from $4.45 billion to $4.65 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for CACI International.
CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, August 16th. The information technology services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.08. CACI International had a net margin of 3.76% and a return on equity of 9.52%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis.
Several equities research analysts recently commented on the stock. Noble Financial lowered shares of CACI International from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised shares of CACI International from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. ValuEngine raised shares of CACI International from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Maxim Group lowered their target price on shares of CACI International from $161.00 to $159.00 and set a “buy” rating for the company in a report on Thursday, August 31st. Finally, FBR & Co reiterated a “neutral” rating and set a $123.00 target price on shares of CACI International in a report on Sunday, August 20th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. CACI International presently has an average rating of “Buy” and a consensus price target of $128.33.
In other news, Director Warren R. Phillips sold 400 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $125.30, for a total transaction of $50,120.00. Following the transaction, the director now directly owns 5,344 shares of the company’s stock, valued at $669,603.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles P. Revoile sold 750 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $127.28, for a total value of $95,460.00. Following the transaction, the director now directly owns 31,583 shares in the company, valued at $4,019,884.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,806 shares of company stock worth $1,016,596. Corporate insiders own 1.15% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CACI. Riverhead Capital Management LLC increased its holdings in CACI International by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,332 shares of the information technology services provider’s stock worth $167,000 after buying an additional 532 shares in the last quarter. SG Americas Securities LLC raised its position in CACI International by 5.9% in the 1st quarter. SG Americas Securities LLC now owns 1,658 shares of the information technology services provider’s stock worth $194,000 after buying an additional 93 shares during the last quarter. Miles Capital Inc. purchased a new position in CACI International in the 2nd quarter worth about $211,000. World Asset Management Inc lifted its stake in CACI International by 0.3% during the 2nd quarter. World Asset Management Inc now owns 1,800 shares of the information technology services provider’s stock valued at $225,000 after acquiring an additional 6 shares during the period. Finally, Nomura Holdings Inc. bought a new position in CACI International during the 1st quarter valued at about $252,000. Institutional investors own 88.87% of the company’s stock.
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Shares of CACI International (NYSE:CACI) traded down 0.74% on Wednesday, hitting $141.35. 104,769 shares of the stock were exchanged. The company has a market cap of $3.46 billion, a PE ratio of 21.65 and a beta of 1.61. CACI International has a 12 month low of $96.05 and a 12 month high of $143.60. The company has a 50-day moving average price of $131.18 and a 200 day moving average price of $125.20.
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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