CACI International (NYSE:CACI) Issues Quarterly Earnings Results, Beats Expectations By $0.19 EPS

CACI International (NYSE:CACI - Get Free Report) released its earnings results on Wednesday. The information technology services provider reported $5.74 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.19, Briefing.com reports. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. CACI International had a return on equity of 13.65% and a net margin of 5.31%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $4.92 earnings per share. CACI International updated its FY24 guidance to $20.13-20.58 EPS and its FY 2024 guidance to 20.130-20.580 EPS.

CACI International Stock Performance

CACI traded up $22.10 during trading on Thursday, reaching $401.48. 299,142 shares of the company were exchanged, compared to its average volume of 124,351. CACI International has a 52 week low of $293.69 and a 52 week high of $403.85. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $371.66 and a 200 day moving average of $344.62. The stock has a market cap of $8.94 billion, a P/E ratio of 24.32, a PEG ratio of 1.90 and a beta of 0.89.

Analysts Set New Price Targets

Several brokerages recently weighed in on CACI. The Goldman Sachs Group increased their target price on CACI International from $379.00 to $425.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Stifel Nicolaus boosted their target price on CACI International from $390.00 to $430.00 and gave the stock a "buy" rating in a report on Tuesday. StockNews.com downgraded shares of CACI International from a "buy" rating to a "hold" rating in a research report on Monday, April 15th. Jefferies Financial Group cut shares of CACI International from a "buy" rating to a "hold" rating and reduced their price target for the company from $375.00 to $350.00 in a research report on Wednesday, January 3rd. Finally, Robert W. Baird increased their price objective on shares of CACI International from $370.00 to $464.00 and gave the stock an "outperform" rating in a research report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $400.82.

Insider Buying and Selling

In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following the sale, the executive vice president now owns 23,385 shares of the company's stock, valued at approximately $8,827,369.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Gregory G. Johnson sold 150 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the sale, the director now directly owns 6,446 shares in the company, valued at approximately $2,331,453.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP J William Koegel, Jr. sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following the sale, the executive vice president now owns 23,385 shares of the company's stock, valued at $8,827,369.80. The disclosure for this sale can be found here. Corporate insiders own 1.23% of the company's stock.

About CACI International

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.