FY2024 Earnings Estimate for CACI International Inc Issued By William Blair (NYSE:CACI)

CACI International Inc (NYSE:CACI) – Research analysts at William Blair boosted their FY2024 earnings per share (EPS) estimates for CACI International in a research report issued to clients and investors on Thursday, April 25th. William Blair analyst L. Dipalma now anticipates that the information technology services provider will earn $20.42 per share for the year, up from their prior forecast of $20.19. The consensus estimate for CACI International’s current full-year earnings is $20.27 per share. William Blair also issued estimates for CACI International’s Q4 2024 earnings at $5.97 EPS and FY2025 earnings at $23.43 EPS.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 EPS for the quarter, topping analysts’ consensus estimates of $5.55 by $0.19. CACI International had a return on equity of 13.97% and a net margin of 5.37%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the business posted $4.92 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year.

CACI has been the topic of a number of other research reports. StockNews.com upgraded CACI International from a “hold” rating to a “buy” rating in a research report on Thursday. Robert W. Baird lifted their price objective on CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus lifted their price objective on CACI International from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday. 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 report on Tuesday, April 9th. Finally, Jefferies Financial Group downgraded CACI International from a “buy” rating to a “hold” rating and reduced their target price for the company from $375.00 to $350.00 in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, CACI International currently has a consensus rating of “Moderate Buy” and an average target price of $400.82.

CACI International Stock Performance

Shares of CACI International stock opened at $401.48 on Friday. CACI International has a one year low of $293.69 and a one year high of $403.85. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.89 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. The business’s 50 day moving average price is $371.66 and its 200 day moving average price is $344.62.

Insider Activity at CACI International

In related news, 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 value of $188,740.00. Following the sale, the executive vice president now owns 23,385 shares in the company, valued at approximately $8,827,369.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, 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 value of $188,740.00. Following the sale, the executive vice president now owns 23,385 shares in the company, valued at approximately $8,827,369.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, 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. Company insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CACI. Fort Washington Investment Advisors Inc. OH acquired a new position in CACI International during the 4th quarter worth $18,360,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in CACI International during the 3rd quarter worth $12,950,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of CACI International during the 3rd quarter worth about $12,267,000. Bank of New York Mellon Corp boosted its position in shares of CACI International by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 680,633 shares of the information technology services provider’s stock worth $213,671,000 after acquiring an additional 23,521 shares in the last quarter. Finally, Ophir Asset Management Pty Ltd boosted its position in shares of CACI International by 12.9% during the 4th quarter. Ophir Asset Management Pty Ltd now owns 66,359 shares of the information technology services provider’s stock worth $21,491,000 after acquiring an additional 7,596 shares in the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

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.