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

CACI International (NYSE:CACI) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 20.130-20.580 for the period, compared to the consensus EPS 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 Price Performance

CACI traded up $2.78 during trading on Friday, reaching $404.65. The company’s stock had a trading volume of 176,665 shares, compared to its average volume of 124,536. The firm has a fifty day simple moving average of $371.66 and a two-hundred day simple moving average of $344.62. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.89 and a beta of 0.89. 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 has a 1 year low of $293.69 and a 1 year high of $406.78.

CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.19. CACI International had a net margin of 5.37% and a return on equity of 13.97%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company posted $4.92 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. As a group, analysts anticipate that CACI International will post 20.27 EPS for the current year.

Analyst Ratings Changes

CACI has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on shares of CACI International from $390.00 to $430.00 and gave the company a buy rating in a research note on Tuesday. Truist Financial upped their price objective on CACI International from $385.00 to $410.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. The Goldman Sachs Group lifted their target price on CACI International from $379.00 to $425.00 and gave the company a neutral rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on CACI International from $375.00 to $383.00 and gave the stock an overweight rating in a report on Tuesday, February 6th. Finally, Wells Fargo & Company boosted their price objective on CACI International from $387.00 to $410.00 and gave the stock an overweight rating in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, CACI International presently has an average rating of Moderate Buy and a consensus target price of $400.82.

Insider Activity

In other news, Director Gregory G. Johnson sold 150 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $361.69, for a total transaction of $54,253.50. Following the transaction, the director now directly owns 6,446 shares in the company, valued at approximately $2,331,453.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CACI International news, Director Gregory G. Johnson sold 150 shares of the company’s 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 completion of the sale, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction dated 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 owns 23,385 shares of the company’s stock, valued at approximately $8,827,369.80. The disclosure for this sale can be found here. Company insiders own 1.23% 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.