FY2018 EPS Estimates for CACI International Inc Lowered by Seaport Global Securities (CACI)

CACI International Inc (NYSE:CACI) – Research analysts at Seaport Global Securities cut their FY2018 earnings per share (EPS) estimates for shares of CACI International in a research report issued on Thursday. Seaport Global Securities analyst J. Sullivan now forecasts that the information technology services provider will post earnings of $6.97 per share for the year, down from their previous forecast of $7.00. Seaport Global Securities currently has a “Buy” rating and a $152.00 target price on the stock.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, November 1st. The information technology services provider reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.15. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. CACI International had a net margin of 3.87% and a return on equity of 9.57%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $1.47 EPS.

A number of other brokerages have also recently weighed in on CACI. Zacks Investment Research upgraded shares of CACI International from a “hold” rating to a “strong-buy” rating and set a $163.00 price target for the company in a research note on Wednesday, October 18th. Credit Suisse Group cut shares of CACI International from an “outperform” rating to a “neutral” rating in a research note on Friday, January 12th. BidaskClub cut shares of CACI International from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Wells Fargo & Co upgraded shares of CACI International from a “market perform” rating to an “outperform” rating and set a $158.00 price target for the company in a research note on Wednesday, October 25th. Finally, ValuEngine cut shares of CACI International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. CACI International presently has an average rating of “Buy” and a consensus target price of $148.55.

Shares of CACI International (CACI) traded up $0.80 during trading hours on Monday, reaching $139.50. 80,554 shares of the company were exchanged, compared to its average volume of 92,227. The firm has a market cap of $3,430.00, a PE ratio of 20.76, a P/E/G ratio of 1.95 and a beta of 1.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.53 and a current ratio of 1.53. CACI International has a 12-month low of $112.10 and a 12-month high of $147.31.

Several hedge funds have recently added to or reduced their stakes in CACI. Riverhead Capital Management LLC lifted its stake in shares of CACI International by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,332 shares of the information technology services provider’s stock worth $167,000 after acquiring an additional 532 shares during the period. Nationwide Fund Advisors lifted its stake in shares of CACI International by 3.2% in the 2nd quarter. Nationwide Fund Advisors now owns 52,461 shares of the information technology services provider’s stock worth $6,560,000 after acquiring an additional 1,613 shares during the period. Amalgamated Bank lifted its stake in shares of CACI International by 1.4% in the 2nd quarter. Amalgamated Bank now owns 3,341 shares of the information technology services provider’s stock worth $418,000 after acquiring an additional 47 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of CACI International by 8.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 14,740 shares of the information technology services provider’s stock worth $1,843,000 after acquiring an additional 1,110 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of CACI International by 6.1% in the 2nd quarter. New York State Common Retirement Fund now owns 31,829 shares of the information technology services provider’s stock worth $3,980,000 after acquiring an additional 1,833 shares during the period. Institutional investors own 88.38% of the company’s stock.

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About CACI International

CACI International Inc is a simulation technology company. The Company provides information solutions and services. The Company operates through two segments: domestic operations and international operations. It serves clients in the United States federal government and commercial markets, primarily throughout North America and internationally on behalf of the United States customers, as well as in the United Kingdom and the Netherlands.

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