Jefferies Financial Group Comments on CACI International Inc’s Q3 2023 Earnings (NYSE:CACI)

Posted by Defense World Staff on Apr 13th, 2023

CACI International Inc (NYSE:CACI – Get Rating) – Equities researchers at Jefferies Financial Group lifted their Q3 2023 earnings per share estimates for shares of CACI International in a note issued to investors on Monday, April 10th. Jefferies Financial Group analyst S. Kahyaoglu now expects that the information technology services provider will post earnings per share of $4.48 for the quarter, up from their previous forecast of $4.46. The consensus estimate for CACI International’s current full-year earnings is $18.01 per share. Jefferies Financial Group also issued estimates for CACI International’s Q4 2023 earnings at $4.89 EPS, FY2023 earnings at $18.00 EPS, FY2024 earnings at $21.05 EPS and FY2025 earnings at $23.80 EPS.

CACI International (NYSE:CACI – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The information technology services provider reported $4.28 earnings per share for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.07). The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.60 billion. CACI International had a return on equity of 13.59% and a net margin of 5.63%. CACI International’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.39 earnings per share.

Other research analysts have also recently issued research reports about the company. Morgan Stanley lifted their price objective on CACI International from $355.00 to $357.00 and gave the company an “overweight” rating in a research note on Thursday, February 2nd. StockNews.com lowered CACI International from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Cowen boosted their price target on CACI International from $313.00 to $330.00 in a report on Monday, January 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, CACI International presently has a consensus rating of “Moderate Buy” and a consensus price target of $338.14.

CACI International Trading Up 0.7 %

NYSE CACI opened at $305.29 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.47. CACI International has a twelve month low of $245.32 and a twelve month high of $319.33. The firm has a market capitalization of $7.18 billion, a PE ratio of 19.81, a P/E/G ratio of 2.27 and a beta of 0.98. The stock’s 50 day moving average is $294.75 and its 200 day moving average is $292.86.

Institutional Investors Weigh In On CACI International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CACI. Zions Bancorporation N.A. raised its holdings in shares of CACI International by 37.3% in the first quarter. Zions Bancorporation N.A. now owns 2,762 shares of the information technology services provider’s stock worth $832,000 after buying an additional 751 shares during the period. Brown Brothers Harriman & Co. boosted its position in CACI International by 47.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 288 shares of the information technology services provider’s stock valued at $87,000 after acquiring an additional 93 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of CACI International by 43.8% in the 1st quarter. Neuberger Berman Group LLC now owns 1,911 shares of the information technology services provider’s stock worth $576,000 after purchasing an additional 582 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of CACI International by 435.5% in the 2nd quarter. Captrust Financial Advisors now owns 4,943 shares of the information technology services provider’s stock worth $1,393,000 after purchasing an additional 4,020 shares in the last quarter. Finally, Bowling Portfolio Management LLC acquired a new stake in shares of CACI International in the 3rd quarter worth $1,353,000. 87.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CACI International news, Director William L. Jews sold 1,018 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $284.43, for a total transaction of $289,549.74. Following the sale, the director now directly owns 8,065 shares in the company, valued at $2,293,927.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.23% of the stock is owned by company insiders.

About CACI International

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CACI International, Inc operates as holding company, which engages in the provision of information solutions and services in support of national security missions and government transformation for intelligence, defense, and federal civilian customers. It operates through the Domestic Operations and International Operations segment.