CACI International (NYSE:CACI) Posts Earnings Results, Beats Estimates By $0.19 EPS

CACI International (NYSE:CACI) issued its earnings results on Wednesday. The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.19, Briefing.com reports. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. CACI International had a return on equity of 13.65% and a net margin of 5.31%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $4.92 EPS. CACI International updated its FY24 guidance to $20.13-20.58 EPS and its FY 2024 guidance to 20.130-20.580 EPS.

CACI International Stock Performance

NYSE:CACI traded up $17.23 during trading hours on Thursday, hitting $396.61. 157,476 shares of the company were exchanged, compared to its average volume of 122,550. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 1.32. CACI International has a 52-week low of $293.69 and a 52-week high of $403.85. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 1.90 and a beta of 0.89. The company’s 50 day moving average price is $371.27 and its 200-day moving average price is $344.37.

Insiders Place Their Bets

In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other 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 value of $54,253.50. Following the sale, the director now owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the completion of the transaction, the executive vice president now directly 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. Corporate insiders own 1.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

About CACI International

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.