Wall Street brokerages forecast that CACI International Inc (NYSE:CACI) will report $1.08 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for CACI International’s earnings, with the lowest sales estimate coming in at $1.06 billion and the highest estimate coming in at $1.09 billion. CACI International posted sales of $1.06 billion in the same quarter last year, which suggests a positive year over year growth rate of 1.9%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, January 31st.
According to Zacks, analysts expect that CACI International will report full-year sales of $1.08 billion for the current fiscal year, with estimates ranging from $4.38 billion to $4.47 billion. For the next fiscal year, analysts forecast that the firm will report sales of $4.57 billion per share, with estimates ranging from $4.46 billion to $4.64 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover CACI International.
CACI International (NYSE:CACI) last announced its earnings results on Wednesday, November 1st. The information technology services provider reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.15. CACI International had a net margin of 3.87% and a return on equity of 9.57%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm earned $1.47 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis.
Several research analysts have recently commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of CACI International in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of CACI International from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Wednesday, January 10th. Stifel Nicolaus reiterated a “buy” rating and set a $165.00 price target on shares of CACI International in a research report on Tuesday, January 9th. Cowen reiterated a “buy” rating and set a $152.00 price target on shares of CACI International in a research report on Thursday, October 12th. Finally, Loop Capital increased their price target on shares of CACI International to $140.00 in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $148.55.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its position in shares of CACI International by 66.5% during 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 in the last quarter. Miles Capital Inc. acquired a new stake in shares of CACI International during the 2nd quarter worth approximately $211,000. Sawgrass Asset Management LLC acquired a new stake in CACI International in the second quarter valued at approximately $315,000. Ramsey Quantitative Systems acquired a new stake in CACI International in the second quarter valued at approximately $326,000. Finally, Amalgamated Bank boosted its position in CACI International by 1.4% in the second quarter. Amalgamated Bank now owns 3,341 shares of the information technology services provider’s stock valued at $418,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 88.39% of the company’s stock.
CACI International (NYSE CACI) opened at $139.50 on Friday. CACI International has a fifty-two week low of $112.10 and a fifty-two week high of $147.31. The company has a market cap of $3,434.63, a P/E ratio of 20.73, a PEG ratio of 1.95 and a beta of 1.57. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.60.
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CACI International Company Profile
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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