CACI International Inc (NYSE: CACI) Stock Upgrade: Strong Q1 Earnings and Future Outlook
Key points
- Jefferies upgraded CACI International Inc (NYSE: CACI) to Buy, setting a $725 price target that implies 14.4% upside from its current share price of $633.98.
- CACI International Inc reported robust fiscal Q1 2027 results, with revenue climbing 8.2% to $2.5 billion and adjusted diluted earnings per share increasing 11.8% to $7.66.
- The company secured $4.8 billion in new contract awards, achieving a book-to-bill ratio of 2.0, and raised its full-year revenue outlook to between $10.7 billion–$10.9 billion.
CACI International Inc provides technology and services for U.S. national security agencies. Jefferies upgraded the stock from Hold to Buy and set a $725 price target. At a share price of $633.98, that target implies 14.4% upside.
CACI International Inc’s fiscal 2027 first-quarter revenue rose 8.2% from a year earlier to $2.5 billion, as highlighted by PR Newswire. Organic growth was 2.1%, as highlighted by DefenseWorld. Organic growth measures sales growth excluding the effects of acquisitions and other changes, giving investors a clearer view of the existing business.
Adjusted diluted earnings per share rose 11.8% to $7.66. EBITDA margin increased 160 basis points to 13.3%, as highlighted by DefenseWorld. That means EBITDA, a measure of operating profit before interest, taxes, depreciation and amortization, made up a larger share of revenue than it did a year earlier.
CACI International Inc also reported $4.8 billion in contract awards and a book-to-bill ratio of 2.0, as highlighted by PR Newswire. The ratio means new awards were twice the quarter’s revenue. The company raised its full-year revenue outlook by $50 million to $10.7 billion–$10.9 billion and reaffirmed its free cash flow outlook of at least $900 million.
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