Caci International Inc (NYSE:CACI) Expected to Post Quarterly Sales of $1.38 Billion

Equities research analysts expect that Caci International Inc (NYSE:CACI) will post sales of $1.38 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for Caci International’s earnings, with the highest sales estimate coming in at $1.41 billion and the lowest estimate coming in at $1.34 billion. Caci International reported sales of $1.18 billion during the same quarter last year, which would suggest a positive year over year growth rate of 16.9%. The firm is expected to report its next quarterly earnings report on Wednesday, January 29th.

On average, analysts expect that Caci International will report full year sales of $5.65 billion for the current year, with estimates ranging from $5.62 billion to $5.75 billion. For the next fiscal year, analysts expect that the company will report sales of $5.94 billion, with estimates ranging from $5.84 billion to $6.10 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Caci International.

Caci International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, October 30th. The information technology services provider reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.03. Caci International had a net margin of 4.91% and a return on equity of 10.86%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company posted $3.10 EPS. The business’s revenue was up 16.9% on a year-over-year basis.

CACI has been the subject of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Caci International in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $250.00 price objective for the company. Barclays initiated coverage on shares of Caci International in a research note on Friday, September 20th. They issued an “overweight” rating and a $260.00 price objective for the company. ValuEngine raised shares of Caci International from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Morgan Stanley lifted their price objective on shares of Caci International from $224.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $258.00 price objective on shares of Caci International in a research note on Wednesday, September 18th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Caci International has an average rating of “Buy” and an average target price of $237.70.

In related news, VP Christopher Anthony Voci sold 190 shares of Caci International stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $228.42, for a total transaction of $43,399.80. Following the completion of the sale, the vice president now owns 554 shares in the company, valued at approximately $126,544.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory G. Johnson sold 250 shares of Caci International stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $216.22, for a total transaction of $54,055.00. Following the sale, the director now owns 4,751 shares of the company’s stock, valued at approximately $1,027,261.22. The disclosure for this sale can be found here. Insiders sold a total of 5,961 shares of company stock valued at $1,342,170 in the last 90 days. Company insiders own 1.38% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its holdings in Caci International by 5.8% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,065 shares of the information technology services provider’s stock valued at $246,000 after buying an additional 58 shares in the last quarter. Advisor Partners LLC lifted its holdings in Caci International by 4.9% during the 2nd quarter. Advisor Partners LLC now owns 1,281 shares of the information technology services provider’s stock valued at $262,000 after buying an additional 60 shares in the last quarter. Miles Capital Inc. lifted its holdings in Caci International by 3.6% during the 2nd quarter. Miles Capital Inc. now owns 1,770 shares of the information technology services provider’s stock valued at $362,000 after buying an additional 61 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Caci International by 14.5% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 949 shares of the information technology services provider’s stock valued at $219,000 after buying an additional 120 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Caci International by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,029 shares of the information technology services provider’s stock valued at $2,052,000 after buying an additional 142 shares in the last quarter. Institutional investors own 84.88% of the company’s stock.

Shares of NYSE:CACI traded up $2.08 on Monday, reaching $234.19. The company’s stock had a trading volume of 82,220 shares, compared to its average volume of 204,938. Caci International has a 52-week low of $138.39 and a 52-week high of $235.00. The company has a market cap of $5.77 billion, a P/E ratio of 22.39, a PEG ratio of 1.89 and a beta of 1.29. The company has a 50-day simple moving average of $225.72 and a 200 day simple moving average of $213.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.35 and a current ratio of 1.35.

About Caci International

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 International (NYSE:CACI)

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