CACI International Exceeds Expectations with Strong Q1 Earnings and Upgraded FY25 Guidance
In a positive turn for investors, CACI International Inc. (NYSE: CACI) announced impressive first-quarter financial results, surpassing analyst expectations on both earnings and revenue. The company reported quarterly earnings of $5.93 per share, surpassing the consensus estimate of $5.07 per share. Revenue for the quarter reached $2.057 billion, exceeding the analyst consensus estimate of $1.921 billion. This strong performance reflects CACI’s continued growth and ability to deliver value to its customers.
John Mengucci, CACI President and Chief Executive Officer, highlighted the company’s exceptional performance, stating, “In the first quarter, CACI delivered exceptional financial results across the board with revenue growth of 11%, healthy profitability and cash flow, and strong awards and backlog. In addition, we demonstrated our flexible and opportunistic approach to capital deployment by announcing two strategic acquisitions, Azure Summit Technology and Applied Insight.” Mengucci further emphasized CACI’s commitment to driving long-term value for both customers and shareholders.
The company’s confidence in its future performance is reflected in the raised revenue guidance for fiscal year 2025. This upward revision underscores CACI’s strong market position and optimistic outlook for continued growth.
Following the earnings announcement, analysts adjusted their price targets for CACI International, reflecting the positive sentiment surrounding the company’s performance. Baird analyst Peter Arment maintained an “Outperform” rating for CACI and raised the price target from $533 to $640. Truist Securities analyst Tobey Sommer reiterated a “Buy” rating and increased the price target from $520 to $650. Goldman Sachs analyst Gavin Parsons maintained a “Neutral” rating but raised the price target from $471 to $520. TD Cowen analyst Cai von Rumohr also maintained a “Buy” rating and boosted the price target from $545 to $570.
The positive financial performance and analyst upgrades highlight CACI International’s strong position within the industry. The company’s commitment to innovation, strategic acquisitions, and customer satisfaction positions it for continued success in the future.
