CACI International Inc (CACI) Releases Earnings Results, Beats Expectations By $0.17 EPS

CACI International Inc (CACI) reported quarterly earnings results on Wednesday, Aug-17-2016. The company said it had a profit of $1.75 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.17. Analysts had a consensus of $1.58. The company posted revenue of $1113.90 million in the period, compared to analysts expectations of $1097.98 million. The company’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS.

Many Wall Street Analysts have commented on CACI International Inc. Shares were Reiterated by RBC Capital Mkts on Jun 24, 2016 to “Sector Perform” and Lowered the Price Target to $ 97 from a previous price target of $103 .Shares were Reiterated by Stifel on Jun 23, 2016 to “Buy” and Lowered the Price Target to $ 110 from a previous price target of $120 .CACI International Inc was Downgraded by Wells Fargo to ” Market Perform” on Jun 23, 2016.

CACI International Inc opened for trading at $93.84 and hit $95.52 on the upside on Monday, eventually ending the session at $94.53, with a gain of 0.69% or 0.65 points. The heightened volatility saw the trading volume jump to 1,55,965 shares. Company has a market cap of $2,299 M.

In a different news, on Aug 17, 2016, William S Wallace (director) sold 105 shares at $94.19 per share price. According to the SEC, on Jun 10, 2016, Gregory W Buckis (SrVP, Corp. Controller) purchased 33 shares at $0.00 per share price. On Jun 9, 2016, Gregory G Johnson (director) sold 250 shares at $101.55 per share price, according to the Form-4 filing with the securities and exchange commission.

CACI International Inc (CACI) is a simulation technology company. The Company serves clients in the United States federal government and commercial markets throughout North America and internationally on behalf of United States customers as well as in the United Kingdom and the Netherlands. It operates two units: domestic operations and international operations. Its services are primarily targeted to the areas of defense intelligence homeland security and information technology (IT) modernization. It provides professional services and IT solutions to its domestic clients through its various service offerings which include Business Systems Command and Control (C2) Communications Cyber Security Enterprise IT Health Intelligence Services Intelligence Systems and Support Investigation and Litigation Support Logistics and Material Readiness and Surveillance and Reconnaissance. Its international operations provide IT services and data and software products.

CACI International Inc

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