CACI International (CACI) to Release Quarterly 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 registering for the company’s earnings conference call can do so using this link.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share for the quarter, missing the consensus estimate of $4.50 by ($0.14). The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. CACI International had a net margin of 5.31% and a return on equity of 13.65%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.28 EPS. 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 Stock Up 0.5 %

Shares of CACI opened at $366.52 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $369.92 and a 200 day moving average of $342.31. The company has a market cap of $8.17 billion, a PE ratio of 22.20, a P/E/G ratio of 1.83 and a beta of 0.89. CACI International has a 52-week low of $293.69 and a 52-week high of $382.65.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird lifted their price target on shares of CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. The Goldman Sachs Group upped their target price on CACI International from $379.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday. Jefferies Financial Group downgraded CACI International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $375.00 to $350.00 in a report on Wednesday, January 3rd. Truist Financial boosted their price objective on CACI International from $385.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Wells Fargo & Company increased their target price on CACI International from $387.00 to $410.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $396.27.

Insider Activity at CACI International

In related news, Director Gregory G. Johnson sold 150 shares of the company’s stock in a transaction on Monday, February 12th. The stock was 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 approximately $2,331,453.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the sale, the executive vice president now directly owns 23,385 shares in the company, valued at $8,827,369.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gregory G. Johnson sold 150 shares of CACI International stock in a transaction on Monday, February 12th. The stock was sold at an average price of $361.69, for a total transaction of $54,253.50. Following the completion of the transaction, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of CACI International

A number of institutional investors have recently made changes to their positions in the business. Segall Bryant & Hamill LLC raised its stake in CACI International by 2,850.9% in the first quarter. Segall Bryant & Hamill LLC now owns 50,165 shares of the information technology services provider’s stock valued at $14,862,000 after buying an additional 48,465 shares during the last quarter. Geode Capital Management LLC boosted its stake in CACI International by 15.2% in the 1st quarter. Geode Capital Management LLC now owns 366,123 shares of the information technology services provider’s stock worth $108,475,000 after purchasing an additional 48,439 shares in the last quarter. Port Capital LLC grew its position in CACI International by 17.2% during the 4th quarter. Port Capital LLC now owns 99,261 shares of the information technology services provider’s stock worth $32,147,000 after purchasing an additional 14,586 shares during the last quarter. Putnam Investments LLC acquired a new position in CACI International during the 4th quarter valued at approximately $3,445,000. Finally, State of Tennessee Treasury Department lifted its stake in shares of CACI International by 261.6% during the fourth quarter. State of Tennessee Treasury Department now owns 14,280 shares of the information technology services provider’s stock worth $4,625,000 after buying an additional 10,331 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.

About CACI International

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.