Equities research analysts forecast that CACI International Inc (NYSE:CACI) will report sales of $1.11 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for CACI International’s earnings, with estimates ranging from $1.10 billion to $1.12 billion. CACI International reported sales of $1.09 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.8%. The company is expected to issue its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that CACI International will report full year sales of $1.11 billion for the current fiscal year, with estimates ranging from $4.41 billion to $4.47 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.58 billion per share, with estimates ranging from $4.53 billion to $4.62 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow CACI International.
CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $2.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.29). CACI International had a return on equity of 9.64% and a net margin of 6.13%. The firm 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 $1.69 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis.
Several research firms recently issued reports on CACI. Zacks Investment Research raised 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 note on Wednesday, January 10th. Maxim Group lifted their price target on shares of CACI International from $159.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Jefferies Group reaffirmed a “buy” rating and set a $168.00 price target on shares of CACI International in a research note on Thursday, February 1st. Stifel Nicolaus reissued a “buy” rating and issued a $165.00 target price on shares of CACI International in a research report on Tuesday, January 9th. Finally, ValuEngine raised shares of CACI International from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $152.55.
In other news, CFO Thomas A. Mutryn sold 4,743 shares of CACI International stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $150.00, for a total value of $711,450.00. Following the completion of the transaction, the chief financial officer now directly owns 37,555 shares of the company’s stock, valued at approximately $5,633,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James L. Pavitt sold 1,000 shares of CACI International stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $154.00, for a total transaction of $154,000.00. Following the completion of the transaction, the director now directly owns 8,507 shares of the company’s stock, valued at $1,310,078. The disclosure for this sale can be found here. Insiders sold a total of 17,294 shares of company stock valued at $2,542,412 over the last ninety days. Company insiders own 1.44% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado acquired a new position in shares of CACI International in the 4th quarter valued at about $207,000. Alps Advisors Inc. acquired a new position in shares of CACI International in the 4th quarter valued at about $212,000. Bessemer Group Inc. acquired a new position in shares of CACI International in the 4th quarter valued at about $225,000. Wedge Capital Management L L P NC boosted its holdings in shares of CACI International by 18.3% in the 4th quarter. Wedge Capital Management L L P NC now owns 3,165 shares of the information technology services provider’s stock valued at $419,000 after buying an additional 490 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its holdings in shares of CACI International by 25.6% in the 4th quarter. Meadow Creek Investment Management LLC now owns 3,672 shares of the information technology services provider’s stock valued at $486,000 after buying an additional 748 shares during the period. 91.53% of the stock is owned by institutional investors and hedge funds.
CACI International (CACI) traded up $3.30 during trading on Tuesday, reaching $157.45. 929,072 shares of the company traded hands, compared to its average volume of 156,823. CACI International has a 12-month low of $112.10 and a 12-month high of $159.40. The stock has a market cap of $3,806.24, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 2.10 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.55 and a quick ratio of 1.55.
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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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