CACI International (NYSE:CACI) Issues Quarterly Earnings Results

CACI International (NYSE:CACI) released its quarterly earnings results on Wednesday. The information technology services provider reported $5.74 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.19, Briefing.com reports. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. CACI International had a return on equity of 13.97% and a net margin of 5.37%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $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 Up 5.8 %

CACI International stock opened at $401.48 on Friday. The company has a market cap of $8.94 billion, a PE ratio of 23.19, a PEG ratio of 1.89 and a beta of 0.89. CACI International has a fifty-two week low of $293.69 and a fifty-two week high of $403.85. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.32. The business’s 50-day simple moving average is $371.66 and its two-hundred day simple moving average is $344.62.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CACI shares. Robert W. Baird lifted their target price on CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. StockNews.com raised CACI International from a “hold” rating to a “buy” rating in a research note on Thursday. Jefferies Financial Group lowered CACI International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $375.00 to $350.00 in a research note on Wednesday, January 3rd. Truist Financial raised their price target on CACI International from $385.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. raised their price target on CACI International from $375.00 to $383.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, CACI International has an average rating of “Moderate Buy” and an average target price of $400.82.

Insider Buying and Selling

In other news, EVP J William Koegel, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the transaction, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction that occurred 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 transaction, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gregory G. Johnson sold 150 shares of CACI International stock in a transaction that occurred on Monday, February 12th. The stock was 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 disclosure for this sale can be found here. 1.23% of the stock is currently owned by insiders.

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.