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

CACI International (NYSE:CACI) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 20.130-20.580 for the period, compared to the consensus 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 Stock Down 0.8 %

Shares of CACI stock traded down $3.22 during mid-day trading on Wednesday, hitting $379.21. The company’s stock had a trading volume of 163,666 shares, compared to its average volume of 122,055. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.87 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.32. CACI International has a 52-week low of $293.69 and a 52-week high of $385.70. The business has a 50-day moving average price of $371.27 and a 200 day moving average price of $344.37.

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

Analyst Upgrades and Downgrades

CACI has been the topic of several recent research reports. Stifel Nicolaus increased their target price on CACI International from $390.00 to $430.00 and gave the company a buy rating in a research report on Tuesday. Wells Fargo & Company lifted their price target on CACI International from $387.00 to $410.00 and gave the company an overweight rating in a research note on Thursday, April 4th. Jefferies Financial Group lowered CACI International from a buy rating to a hold rating and cut their price target for the company from $375.00 to $350.00 in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. lifted their price objective on CACI International from $375.00 to $383.00 and gave the stock an overweight rating in a report on Tuesday, February 6th. Finally, Truist Financial boosted their target price on CACI International from $385.00 to $410.00 and gave the stock a buy rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $400.82.

Insider Activity

In related news, Director Gregory G. Johnson sold 150 shares of CACI International stock in a transaction on 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 owns 6,446 shares in the company, valued at approximately $2,331,453.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CACI International news, Director Gregory G. Johnson sold 150 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the transaction, the director now owns 6,446 shares in the company, valued at approximately $2,331,453.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 23,385 shares in the company, valued at approximately $8,827,369.80. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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.