$1.07 Billion in Sales Expected for CACI International, Inc. (CACI) This Quarter
Wall Street brokerages predict that CACI International, Inc. (NYSE:CACI) will announce sales of $1.07 billion for the current quarter, according to Zacks Investment Research. Seven analysts have made 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 business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, November 1st.
On average, analysts expect that CACI International will report full-year sales of $1.07 billion for the current financial year, with estimates ranging from $4.37 billion to $4.49 billion. For the next fiscal year, analysts expect that the company will report sales of $4.56 billion per share, with estimates ranging from $4.45 billion to $4.65 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow CACI International.
CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, August 16th. The information technology services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.08. CACI International had a return on equity of 9.52% and a net margin of 3.76%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $1.75 EPS. The business’s revenue was up 2.1% compared to the same quarter last year.
Several equities analysts recently commented on the company. BidaskClub raised CACI International from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Noble Financial lowered CACI International from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Zacks Investment Research lowered CACI International from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Cowen and Company reissued a “buy” rating and issued a $152.00 target price on shares of CACI International in a report on Thursday, October 12th. Finally, FBR & Co reissued a “neutral” rating and issued a $123.00 target price on shares of CACI International in a report on Sunday, August 20th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. CACI International presently has an average rating of “Buy” and a consensus price target of $145.33.
In other CACI International news, CFO Thomas A. Mutryn sold 6,165 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $131.28, for a total value of $809,341.20. Following the completion of the transaction, the chief financial officer now owns 37,555 shares in the company, valued at $4,930,220.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory G. Johnson sold 400 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $125.25, for a total transaction of $50,100.00. Following the completion of the transaction, the director now owns 4,817 shares of the company’s stock, valued at approximately $603,329.25. The disclosure for this sale can be found here. Insiders sold 7,806 shares of company stock valued at $1,016,596 in the last 90 days. 1.44% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in CACI International by 3.6% in the second quarter. State Street Corp now owns 601,924 shares of the information technology services provider’s stock valued at $75,282,000 after acquiring an additional 21,125 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in CACI International by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 483,033 shares of the information technology services provider’s stock valued at $60,403,000 after acquiring an additional 2,805 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in CACI International by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 345,420 shares of the information technology services provider’s stock valued at $43,194,000 after acquiring an additional 1,989 shares in the last quarter. Prudential PLC boosted its stake in CACI International by 33.7% in the second quarter. Prudential PLC now owns 213,500 shares of the information technology services provider’s stock valued at $26,698,000 after acquiring an additional 53,800 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in CACI International by 3.9% in the second quarter. Teachers Advisors LLC now owns 203,527 shares of the information technology services provider’s stock valued at $25,451,000 after acquiring an additional 7,628 shares in the last quarter. Institutional investors own 88.72% of the company’s stock.
CACI International (NYSE:CACI) traded down 0.10% during mid-day trading on Monday, hitting $143.00. The stock had a trading volume of 7,049 shares. CACI International has a 52-week low of $96.05 and a 52-week high of $144.70. The stock has a market cap of $3.50 billion, a P/E ratio of 21.90 and a beta of 1.61. The firm has a 50-day moving average of $137.28 and a 200-day moving average of $127.20.
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CACI International Company Profile
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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