CACI International (NYSE:CACI) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

CACI International (NYSE:CACI) announced its quarterly earnings results on Wednesday. The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.55 by $0.19, Briefing.com reports. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. CACI International had a return on equity of 13.65% and a net margin of 5.31%. CACI International’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.92 earnings per share. 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 Price Performance

CACI traded up $15.92 during trading on Thursday, hitting $395.30. The company’s stock had a trading volume of 135,145 shares, compared to its average volume of 122,268. The business’s fifty day simple moving average is $371.27 and its 200 day simple moving average is $344.37. CACI International has a twelve month low of $293.69 and a twelve month high of $403.85. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 24.28, a P/E/G ratio of 1.90 and a beta of 0.89. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of CACI International from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Jefferies Financial Group lowered CACI International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $375.00 to $350.00 in a research report on Wednesday, January 3rd. Truist Financial lifted their target price on CACI International from $385.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group lifted their price target on shares of CACI International from $379.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Company upped their target price on CACI International from $387.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $400.82.

Insider Buying and Selling at CACI International

In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the business’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 transaction of $188,740.00. Following the completion of the sale, the executive vice president now directly owns 23,385 shares in the company, valued at approximately $8,827,369.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Gregory G. Johnson sold 150 shares of the company’s stock in a transaction that occurred 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 directly owns 6,446 shares in the company, valued at approximately $2,331,453.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP J William Koegel, Jr. sold 500 shares of the business’s 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 sale, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The disclosure for this sale can be found here. Insiders own 1.23% 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.