Analysts expect Caci International Inc (NYSE:CACI) to report $2.12 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Caci International’s earnings, with estimates ranging from $1.98 to $2.25. Caci International reported earnings per share of $2.05 during the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The firm is expected to issue its next quarterly earnings report on Wednesday, August 21st.
According to Zacks, analysts expect that Caci International will report full-year earnings of $10.62 per share for the current financial year, with EPS estimates ranging from $10.48 to $10.75. For the next fiscal year, analysts expect that the business will report earnings of $11.54 per share, with EPS estimates ranging from $10.80 to $13.33. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Caci International.
Caci International (NYSE:CACI) last released its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. Caci International had a net margin of 5.59% and a return on equity of 11.80%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the company earned $2.56 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year.
Several equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Caci International from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Cowen reiterated a “buy” rating and set a $195.00 price target on shares of Caci International in a research report on Thursday, May 2nd. Goldman Sachs Group assumed coverage on shares of Caci International in a research report on Thursday, May 9th. They set a “buy” rating and a $260.00 price target on the stock. Credit Suisse Group boosted their price target on shares of Caci International from $179.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Finally, Vertical Research raised shares of Caci International from a “buy” rating to a “top pick” rating in a research note on Wednesday, March 13th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $202.31.
Shares of NYSE CACI traded down $0.21 during midday trading on Friday, hitting $205.43. 969 shares of the company traded hands, compared to its average volume of 166,700. Caci International has a 12-month low of $138.39 and a 12-month high of $207.77. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $5.03 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.90 and a beta of 1.56.
In other news, Director Warren R. Phillips sold 335 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $181.09, for a total value of $60,665.15. Following the transaction, the director now owns 6,060 shares in the company, valued at $1,097,405.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gregory R. Bradford sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $195.00, for a total transaction of $975,000.00. Following the completion of the transaction, the insider now owns 44,095 shares in the company, valued at approximately $8,598,525. The disclosure for this sale can be found here. Insiders have sold 6,568 shares of company stock worth $1,267,882 in the last three months. 1.51% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CACI. Norges Bank bought a new position in Caci International during the fourth quarter valued at approximately $56,876,000. Thompson Siegel & Walmsley LLC lifted its position in Caci International by 458.0% during the first quarter. Thompson Siegel & Walmsley LLC now owns 69,156 shares of the information technology services provider’s stock valued at $12,588,000 after purchasing an additional 56,762 shares during the period. American International Group Inc. lifted its position in Caci International by 243.7% during the fourth quarter. American International Group Inc. now owns 66,375 shares of the information technology services provider’s stock valued at $9,560,000 after purchasing an additional 47,065 shares during the period. Tygh Capital Management Inc. bought a new position in Caci International during the fourth quarter valued at approximately $5,954,000. Finally, TIAA CREF Investment Management LLC lifted its position in Caci International by 15.9% during the third quarter. TIAA CREF Investment Management LLC now owns 290,773 shares of the information technology services provider’s stock valued at $53,546,000 after purchasing an additional 39,987 shares during the period. Hedge funds and other institutional investors own 89.86% of the company’s stock.
About Caci International
CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions in the areas of financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.
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