CACI International (NYSE:CACI) Issues FY 2024 Earnings Guidance

CACI International (NYSE:CACI) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 20.130-20.580 for the period, compared to the consensus earnings per share estimate of 20.310. The company issued revenue guidance of $7.5 billion-$7.6 billion, compared to the consensus revenue estimate of $7.4 billion. CACI International also updated its FY24 guidance to $20.13-20.58 EPS.

CACI International Stock Down 0.8 %

NYSE:CACI traded down $3.05 during trading hours on Wednesday, reaching $379.38. 163,666 shares of the company traded hands, compared to its average volume of 122,055. The business’s 50-day moving average price is $371.27 and its two-hundred day moving average price is $344.37. The stock has a market capitalization of $8.45 billion, a P/E ratio of 22.98, a P/E/G ratio of 1.87 and a beta of 0.89. CACI International has a 1 year low of $293.69 and a 1 year high of $385.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 EPS for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.14). The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.84 billion. CACI International had a return on equity of 13.65% and a net margin of 5.31%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.28 EPS. Analysts predict that CACI International will post 20.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Truist Financial lifted their price objective on CACI International from $385.00 to $410.00 and gave the stock a buy rating in a report on Tuesday, April 9th. Jefferies Financial Group lowered CACI International from a buy rating to a hold rating and cut their price objective for the stock from $375.00 to $350.00 in a report on Wednesday, January 3rd. Wells Fargo & Company boosted their price target on CACI International from $387.00 to $410.00 and gave the company an overweight rating in a report on Thursday, April 4th. Robert W. Baird boosted their price objective on CACI International from $370.00 to $464.00 and gave the company an outperform rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus boosted their target price on CACI International from $390.00 to $430.00 and gave the stock a buy rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $400.82.

Insider Buying and Selling

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

CACI International Company Profile

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.