CACI International (NYSE:CACI) Releases FY24 Earnings Guidance

CACI International (NYSE:CACI) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $20.13-20.58 for the period, compared to the consensus EPS estimate of $20.33. The company issued revenue guidance of $7.5-7.6 billion, compared to the consensus revenue estimate of $7.40 billion. CACI International also updated its FY 2024 guidance to 20.130-20.580 EPS.

CACI International Price Performance

CACI stock traded down $3.22 during midday trading on Wednesday, reaching $379.21. 163,666 shares of the company’s stock traded hands, compared to its average volume of 122,055. The company has a 50-day simple moving average of $371.27 and a two-hundred day simple moving average of $344.37. The company 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. CACI International has a 1-year low of $293.69 and a 1-year high of $385.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $4.36 EPS 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 company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm earned $4.28 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts anticipate that CACI International will post 20.27 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on CACI shares. Stifel Nicolaus upped their target price on CACI International from $390.00 to $430.00 and gave the stock a buy rating in a report on Tuesday. StockNews.com downgraded CACI International from a buy rating to a hold rating in a research report on Monday, April 15th. Truist Financial increased their price target on CACI International from $385.00 to $410.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. Wells Fargo & Company raised their target price on CACI International from $387.00 to $410.00 and gave the company an overweight rating in a report on Thursday, April 4th. Finally, The Goldman Sachs Group raised their target price on CACI International from $379.00 to $425.00 and gave the company a neutral rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $400.82.

Insider Activity

In related news, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the transaction, 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 accessible through the SEC website. In related news, Director Gregory G. Johnson sold 150 shares of the company’s 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 completion of the transaction, the director now directly owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $188,740.00. Following the sale, the executive vice president now directly 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.

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.