CACI International, Inc. (CACI) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS
CACI International, Inc. (NYSE:CACI) announced its earnings results on Wednesday. The information technology services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.15, Briefing.com reports. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. CACI International had a net margin of 3.76% and a return on equity of 9.52%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 EPS. CACI International updated its FY18 guidance to $6.76-7.08 EPS.
In other news, Director Gregory G. Johnson sold 400 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $125.25, for a total value of $50,100.00. Following the sale, the director now directly owns 4,817 shares of the company’s stock, valued at approximately $603,329.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas A. Mutryn sold 6,165 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $131.28, for a total transaction of $809,341.20. Following the completion of the sale, the chief financial officer now directly owns 37,555 shares in the company, valued at $4,930,220.40. The disclosure for this sale can be found here. Insiders have sold 7,806 shares of company stock worth $1,016,596 over the last ninety days. 1.44% of the stock is owned by insiders.
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Several brokerages have recently issued reports on CACI. Wells Fargo & Company upgraded shares of CACI International from a “market perform” rating to an “outperform” rating and set a $158.00 target price on the stock in a research report on Wednesday, October 25th. Jefferies Group LLC reissued a “buy” rating and issued a $154.00 price objective on shares of CACI International in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of CACI International from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. SunTrust Banks, Inc. reissued a “hold” rating and issued a $134.00 price objective on shares of CACI International in a research report on Friday, October 20th. Finally, Cowen and Company reissued a “buy” rating and issued a $152.00 price objective on shares of CACI International in a research report on Thursday, October 12th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $146.60.
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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