Zacks: Analysts Expect CACI (CACI) Will Post Earnings of $1.79 Per Share

Analysts expect CACI (NYSE:CACI) to post $1.79 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for CACI’s earnings, with the highest EPS estimate coming in at $2.06 and the lowest estimate coming in at $1.59. CACI posted earnings per share of $1.61 during the same quarter last year, which indicates a positive year-over-year growth rate of 11.2%. The business is scheduled to announce its next earnings results after the market closes on Wednesday, May 2nd.

On average, analysts expect that CACI will report full-year earnings of $11.19 per share for the current financial year, with EPS estimates ranging from $11.10 to $11.45. For the next financial year, analysts forecast that the company will post earnings of $8.75 per share, with EPS estimates ranging from $8.15 to $9.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for CACI.

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CACI (NYSE:CACI) last issued its earnings results on Wednesday, January 31st. The information technology services provider reported $2.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.29). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. CACI had a return on equity of 9.64% and a net margin of 6.13%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.69 earnings per share.

Several research firms have recently commented on CACI. Zacks Investment Research upgraded CACI from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a report on Wednesday, January 10th. Maxim Group boosted their price objective on CACI from $159.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Jefferies Group restated a “buy” rating and set a $168.00 price objective on shares of CACI in a report on Thursday, February 1st. UBS upgraded CACI from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, March 20th. Finally, Stifel Nicolaus restated a “buy” rating and set a $165.00 price objective on shares of CACI in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $156.36.

In related news, Director Gregory G. Johnson sold 300 shares of CACI stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $149.97, for a total transaction of $44,991.00. Following the transaction, the director now owns 4,769 shares of the company’s stock, valued at $715,206.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director J Phillip London sold 11,161 shares of CACI stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $145.00, for a total value of $1,618,345.00. Following the transaction, the director now directly owns 75,000 shares in the company, valued at approximately $10,875,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,294 shares of company stock worth $6,313,412. 1.44% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Wedge Capital Management L L P NC boosted its position in CACI by 18.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 3,165 shares of the information technology services provider’s stock worth $419,000 after purchasing an additional 490 shares during the last quarter. US Bancorp DE boosted its position in CACI by 5.5% in the fourth quarter. US Bancorp DE now owns 11,987 shares of the information technology services provider’s stock worth $1,586,000 after purchasing an additional 628 shares during the last quarter. Meadow Creek Investment Management LLC boosted its position in CACI by 25.6% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,672 shares of the information technology services provider’s stock worth $486,000 after purchasing an additional 748 shares during the last quarter. New York State Common Retirement Fund boosted its position in CACI by 2.5% in the third quarter. New York State Common Retirement Fund now owns 32,629 shares of the information technology services provider’s stock worth $4,547,000 after purchasing an additional 800 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in CACI by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 70,709 shares of the information technology services provider’s stock worth $9,358,000 after purchasing an additional 838 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

NYSE CACI opened at $155.40 on Friday. The company has a market cap of $3,792.70, a PE ratio of 21.88, a PEG ratio of 2.09 and a beta of 1.42. CACI has a 52 week low of $112.85 and a 52 week high of $159.40. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.54.

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CACI Company Profile

CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions in the areas of financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.

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Earnings History and Estimates for CACI (NYSE:CACI)

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