CACI International (NYSE:CACI) Posts Quarterly Earnings Results, Beats Estimates By $1.09 EPS

Key Points

• CACI International reported quarterly EPS of $7.66, beating analysts’ consensus estimate of $6.57 by $1.09. The company posted a 5.60% net margin and 15.65% return on equity.
• Shares rose 2.0% to $620.13, while the company’s market capitalization reached approximately $13.70 billion. The stock has traded between $434.70 and $683.50 over the past year.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $710.36, although BNP Paribas Exane downgraded the stock to “underperform.”

CACI International (NYSE:CACI - Get Free Report) posted its quarterly earnings data on Wednesday. The information technology services provider reported $7.66 EPS for the quarter, beating the consensus estimate of $6.57 by $1.09, Zacks reports. CACI International had a net margin of 5.60% and a return on equity of 15.65%.

CACI International Stock Up 2.0%

NYSE CACI traded up $12.38 on Wednesday, hitting $620.13. 244,943 shares of the stock were exchanged, compared to its average volume of 285,592. CACI International has a fifty-two week low of $434.70 and a fifty-two week high of $683.50. The company has a 50-day moving average price of $625.77 and a 200-day moving average price of $550.24. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.09. The company has a market cap of $13.70 billion, a PE ratio of 25.68, a PEG ratio of 2.00 and a beta of 0.59.

Analyst Upgrades and Downgrades

Several brokerages have commented on CACI. Cantor Fitzgerald raised their price target on shares of CACI International from $675.00 to $785.00 and gave the company an "overweight" rating in a research report on Wednesday. Weiss Ratings raised CACI International from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, October 13th. Jefferies Financial Group reaffirmed a "hold" rating on shares of CACI International in a research report on Thursday, September 17th. JPMorgan Chase & Co. increased their price objective on CACI International from $645.00 to $715.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Finally, BNP Paribas Exane cut CACI International from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $675.00 to $540.00 in a research note on Tuesday, October 6th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $710.36.

CACI International Company Profile

CACI International Inc is a professional services and information technology company that provides mission-critical solutions to government customers, primarily in the United States. The company supports defense, intelligence, homeland security, and federal civilian agencies with expertise in areas such as enterprise IT, data analytics, artificial intelligence, cybersecurity, and software development.

CACI also delivers capabilities for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR), electronic warfare, signals intelligence, and other national security missions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.