Brokerages expect that Caci International Inc (NYSE:CACI) will report $1.37 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Caci International’s earnings, with the highest sales estimate coming in at $1.41 billion and the lowest estimate coming in at $1.35 billion. Caci International posted sales of $1.17 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 17.1%. The firm is expected to report its next quarterly earnings report on Wednesday, August 21st.
According to Zacks, analysts expect that Caci International will report full-year sales of $4.99 billion for the current year, with estimates ranging from $4.96 billion to $5.02 billion. For the next financial year, analysts forecast that the company will report sales of $5.52 billion, with estimates ranging from $5.44 billion to $5.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Caci International.
Caci International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.39. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.24 billion. Caci International had a return on equity of 11.80% and a net margin of 5.59%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.56 earnings per share.
Several brokerages have recently issued reports on CACI. Zacks Investment Research lowered Caci International from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Credit Suisse Group upped their price target on Caci International from $179.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Cowen reaffirmed a “buy” rating and set a $195.00 price target on shares of Caci International in a research note on Thursday, May 2nd. Goldman Sachs Group began coverage on Caci International in a research note on Thursday, May 9th. They set a “buy” rating and a $260.00 price target on the stock. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Caci International in a research note on Wednesday, January 30th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $202.31.
Caci International stock traded up $0.68 on Friday, reaching $205.65. The company’s stock had a trading volume of 1,960 shares, compared to its average volume of 174,728. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 1.54. Caci International has a twelve month low of $138.39 and a twelve month high of $209.79. The firm has a market cap of $5.16 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.94 and a beta of 1.56.
In other Caci International news, Director James Gilmore III sold 207 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $203.18, for a total value of $42,058.26. Following the completion of the sale, the director now directly owns 13,818 shares in the company, valued at $2,807,541.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gregory R. Bradford sold 5,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $195.00, for a total value of $975,000.00. Following the completion of the sale, the insider now owns 44,095 shares of the company’s stock, valued at $8,598,525. The disclosure for this sale can be found here. Insiders sold 6,540 shares of company stock valued at $1,269,896 in the last quarter. 1.51% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in shares of Caci International by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 303,691 shares of the information technology services provider’s stock worth $43,739,000 after buying an additional 19,892 shares during the period. Securian Asset Management Inc acquired a new position in shares of Caci International during the fourth quarter worth about $446,000. HL Financial Services LLC acquired a new position in shares of Caci International during the fourth quarter worth about $3,150,000. Advisor Partners LLC boosted its position in shares of Caci International by 5.0% during the fourth quarter. Advisor Partners LLC now owns 1,493 shares of the information technology services provider’s stock worth $215,000 after buying an additional 71 shares during the period. Finally, James Investment Research Inc. acquired a new position in shares of Caci International during the fourth quarter worth about $1,008,000. Institutional investors own 90.06% of the company’s stock.
About Caci International
CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions in the areas of financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.
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