Fly News Breaks for August 17, 2018
CACI
Aug 17, 2018 | 09:02 EDT
B. Riley FBR analyst Christopher Van Horn reiterated a Neutral rating on CACI but raised his price target to $182 from $165, citing Q4 earnings and FY19 guidance that came in above expectations and future expectations that have moved "a bit higher" since the announcement that it completed the acquisition of SE&A BU. The analyst expects CACI to continue examining possible tuck-in acquisitions and says the company may also pursue larger and more transformative deals.
News For CACI From the Last 2 Days
CACI
Apr 24, 2024 | 16:06 EDT
Consensus $20.31. Raises FY24 revenue view to $7.5B-$7.6B from $7.3B-$7.5B, consensus $7.4B.
CACI
Apr 24, 2024 | 16:05 EDT
Reports Q3 revenue $1.94B, consensus $1.86B. "CACI's outstanding performance reflects the continued successful execution of our strategy. We're winning and delivering in the marketplace with differentiated capabilities, exceptional business development, and program execution," said John Mengucci, CEO. "Our third quarter results were strong across the board, including double-digit organic growth, margin expansion, $3.5 billion of awards, and record backlog. Our performance enables us to again raise fiscal year 2024 revenue and earnings guidance. We remain confident in our ability to drive long-term growth, increase free cash flow, and generate value for our customers and our shareholders."
CACI
Apr 23, 2024 | 08:34 EDT
Stifel analyst Bert Subin raised the firm's price target on CACI to $430 from $390 and keeps a Buy rating on the shares. CACI "remains on a roll, winning various new contracts and task orders," says the analyst, who adds CACI remains the firm's top picks in the core government services sector. The firm has increased estimates for FY24, but "more so for FY25," to reflect new awards with additional upside potential from intel spending, the analyst tells investors.
