Caci International (CACI) Announces Quarterly Earnings Results

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Caci International (NYSE:CACI) posted its earnings results on Wednesday. The information technology services provider reported $3.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $1.08, Briefing.com reports. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Caci International had a return on equity of 9.91% and a net margin of 6.74%. Caci International’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.67 earnings per share. Caci International updated its FY19 guidance to $9.77-10.16 EPS.

Shares of NYSE:CACI traded down $5.46 on Thursday, hitting $173.00. The company had a trading volume of 451,587 shares, compared to its average volume of 152,350. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.48. Caci International has a 52-week low of $121.60 and a 52-week high of $200.85. The company has a market capitalization of $4.31 billion, a P/E ratio of 22.07, a P/E/G ratio of 1.84 and a beta of 1.55.

In other news, Director Gregory G. Johnson sold 500 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $189.00, for a total value of $94,500.00. Following the sale, the director now directly owns 5,074 shares in the company, valued at $958,986. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Warren R. Phillips sold 146 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $193.56, for a total value of $28,259.76. Following the completion of the sale, the director now owns 5,919 shares in the company, valued at $1,145,681.64. The disclosure for this sale can be found here. Insiders sold 10,731 shares of company stock worth $2,080,561 over the last 90 days. Company insiders own 1.51% of the company’s stock.

CACI has been the topic of several research reports. ValuEngine lowered Caci International from a “buy” rating to a “hold” rating in a report on Friday, September 21st. B. Riley upped their target price on Caci International from $165.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, August 17th. Loop Capital upped their target price on Caci International to $210.00 and gave the company a “buy” rating in a report on Thursday, August 16th. Credit Suisse Group upped their target price on Caci International from $184.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, August 17th. Finally, Noble Financial lowered Caci International from a “buy” rating to a “hold” rating in a report on Friday, August 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $195.00.

Caci International 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 for Caci International (NYSE:CACI)

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