Analysts predict that Caci International Inc (NYSE:CACI) will post sales of $1.38 billion for the current quarter, Zacks reports. Six analysts have made estimates for Caci International’s earnings. The highest sales estimate is $1.41 billion and the lowest is $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 17.9%. The business is scheduled to announce its next quarterly earnings report on Wednesday, August 21st.
According to Zacks, analysts expect that Caci International will report full year sales of $4.98 billion for the current year, with estimates ranging from $4.96 billion to $5.01 billion. For the next year, analysts forecast that the firm will report sales of $5.62 billion, with estimates ranging from $5.60 billion to $5.66 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Caci International.
Caci International (NYSE:CACI) last issued its earnings results on Wednesday, May 1st. The information technology services provider reported $2.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.39. Caci International had a net margin of 5.59% and a return on equity of 11.80%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the company posted $2.56 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year.
Several research analysts recently issued reports on CACI shares. Zacks Investment Research cut shares of Caci International from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Morgan Stanley raised their target price on shares of Caci International from $215.00 to $224.00 and gave the stock an “equal weight” rating in a report on Monday, June 24th. ValuEngine cut shares of Caci International from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Vertical Research raised shares of Caci International from a “buy” rating to a “top pick” rating in a report on Wednesday, March 13th. Finally, Credit Suisse Group raised their target price on shares of Caci International from $179.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Caci International presently has a consensus rating of “Buy” and an average price target of $208.50.
Shares of Caci International stock opened at $214.67 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. The business’s fifty day simple moving average is $205.40. Caci International has a 1 year low of $138.39 and a 1 year high of $215.29. The stock has a market capitalization of $5.34 billion, a PE ratio of 20.76, a PEG ratio of 1.79 and a beta of 1.33.
In other news, insider Gregory R. Bradford sold 5,000 shares of Caci International stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $195.00, for a total value of $975,000.00. Following the sale, the insider now owns 44,095 shares in the company, valued at $8,598,525. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Gilmore III sold 207 shares of Caci International stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $203.18, for a total transaction of $42,058.26. Following the completion of the sale, the director now owns 13,818 shares in the company, valued at approximately $2,807,541.24. The disclosure for this sale can be found here. Insiders sold 8,204 shares of company stock valued at $1,631,040 in the last ninety days. 1.51% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dorsey Wright & Associates acquired a new stake in Caci International during the 2nd quarter worth $2,099,000. Laurel Wealth Advisors Inc. purchased a new position in Caci International during the 1st quarter worth $240,000. Marshall Wace LLP purchased a new position in Caci International during the 1st quarter worth $93,000. Thompson Siegel & Walmsley LLC raised its position in Caci International by 458.0% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 69,156 shares of the information technology services provider’s stock worth $12,588,000 after buying an additional 56,762 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. purchased a new position in Caci International during the 1st quarter worth $257,000. Institutional investors and hedge funds own 89.23% of the company’s stock.
Caci International Company Profile
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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