CACI International (NYSE:CACI) Releases FY24 Earnings Guidance

CACI International (NYSE:CACI) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $20.13-20.58 for the period, compared to the consensus EPS estimate of $20.33. The company issued revenue guidance of $7.5-7.6 billion, compared to the consensus revenue estimate of $7.40 billion. CACI International also updated its FY 2024 guidance to 20.130-20.580 EPS.

CACI International Stock Down 0.8 %

Shares of CACI International stock traded down $3.22 on Wednesday, reaching $379.21. The company’s stock had a trading volume of 163,666 shares, compared to its average volume of 122,055. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 1.87 and a beta of 0.89. The firm’s fifty day simple moving average is $371.27 and its two-hundred day simple moving average is $344.37. CACI International has a 52 week low of $293.69 and a 52 week high of $385.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

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

Analyst Ratings Changes

CACI has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on CACI International from $379.00 to $425.00 and gave the company a neutral rating in a report on Tuesday, April 16th. Wells Fargo & Company lifted their price objective on CACI International from $387.00 to $410.00 and gave the company an overweight rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. lifted their price target on CACI International from $375.00 to $383.00 and gave the company an overweight rating in a research note on Tuesday, February 6th. StockNews.com cut CACI International from a buy rating to a hold rating in a report on Monday, April 15th. 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 report on Tuesday. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $400.82.

Insider Transactions at CACI International

In other news, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was 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 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 at this link. In other 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 transaction, the director now 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 SEC, which is accessible through this hyperlink. Also, 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 approximately $8,827,369.80. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

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.