CACI International, Inc. (NYSE:CACI) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.76-7.08 for the period, compared to the Thomson Reuters consensus estimate of $6.80. The company issued revenue guidance of $4.35-4.50 billion, compared to the consensus revenue estimate of $4.45 billion.
CACI International (NYSE:CACI) last released 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. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. CACI International had a return on equity of 9.52% and a net margin of 3.76%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 EPS.
CACI has been the subject of a number of recent research reports. Zacks Investment Research upgraded CACI International from a hold rating to a buy rating and set a $143.00 price target for the company in a research note on Wednesday, July 19th. Jefferies Group LLC raised CACI International from a hold rating to a buy rating and set a $154.00 price objective on the stock in a research report on Monday, July 17th. Cowen and Company reaffirmed a buy rating and set a $145.00 price objective on shares of CACI International in a research report on Monday, August 14th. ValuEngine raised CACI International from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, Maxim Group lowered their price objective on CACI International from $161.00 to $159.00 and set a buy rating on the stock in a research report on Thursday, August 31st. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. CACI International currently has an average rating of Buy and a consensus price target of $146.60.
In related news, Director Charles P. Revoile sold 750 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was 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 of the company’s stock, valued at approximately $4,019,884.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas A. Mutryn sold 6,165 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was 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 directly owns 37,555 shares in the company, valued at $4,930,220.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,806 shares of company stock worth $1,016,596. 1.44% of the stock is owned by insiders.
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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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