Seaport Global Securities Analysts Lower Earnings Estimates for CACI International Inc (CACI)

CACI International Inc (NYSE:CACI) – Equities researchers at Seaport Global Securities cut their FY2018 EPS estimates for shares of CACI International in a report released on Thursday. Seaport Global Securities analyst J. Sullivan now forecasts that the information technology services provider will post earnings per share of $6.97 for the year, down from their previous estimate of $7.00. Seaport Global Securities has a “Buy” rating and a $152.00 price target on the stock.

Several other brokerages have also recently weighed in on CACI. B. Riley reissued a “neutral” rating on shares of CACI International in a research note on Friday, November 3rd. Zacks Investment Research raised CACI International from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research note on Wednesday, January 10th. Cowen reissued a “buy” rating and set a $152.00 price objective on shares of CACI International in a research note on Thursday, October 12th. Loop Capital boosted their price objective on CACI International to $140.00 in a research note on Wednesday, January 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $165.00 price objective on shares of CACI International in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. CACI International presently has a consensus rating of “Buy” and an average price target of $148.55.

CACI International (NYSE:CACI) traded up $2.05 during trading hours on Monday, hitting $139.50. The company had a trading volume of 92,900 shares, compared to its average volume of 94,054. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $3,434.64, a P/E ratio of 20.73, a P/E/G ratio of 1.95 and a beta of 1.57. CACI International has a 12 month low of $112.10 and a 12 month high of $147.31.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, November 1st. The information technology services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.15. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. CACI International had a return on equity of 9.57% and a net margin of 3.87%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.47 earnings per share.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its stake in shares of CACI International by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 1,332 shares of the information technology services provider’s stock valued at $167,000 after buying an additional 532 shares during the last quarter. Miles Capital Inc. bought a new position in shares of CACI International during the second quarter valued at approximately $211,000. Ramsey Quantitative Systems bought a new position in shares of CACI International during the second quarter valued at approximately $326,000. Amalgamated Bank grew its stake in shares of CACI International by 1.4% during the second quarter. Amalgamated Bank now owns 3,341 shares of the information technology services provider’s stock valued at $418,000 after buying an additional 47 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of CACI International in the second quarter valued at approximately $661,000. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

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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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