Advances by CACI International - Analyst Blog


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Recently announced, CACI International Inc. ( CACI ) made a few noteworthy advancements concerning outlook projections and buy-back activities. The company's Fiscal Year 2012 guidance was reiterated and its Fiscal Year 2013 outlook was declared along with the launch of a new share repurchase program.

Outlook Reiteration and Future Projection

For fiscal 2012, CACI International continues to expect net revenues of $3.73 billion - $3.83 billion, net income of $163 million - $169 million with diluted EPS of $5.80 - $6.01. A tax rate of 39.5% is projected for the full fiscal year.

Along with its forecast for the current fiscal year, management found it fit to declare projections for the upcoming fiscal year 2013 as well. Net revenues are expected to be within $3.8 billion - $4.0 billion, net income is expected to fall in the range of $160 million - $167 million with diluted EPS of $6.60 - $6.90.

Tax rate for the full year is projected to be at 39.5%. Nearly $225 million is expected to be generated as cash flow by the end of FY13.

Share Repurchase Program

A new share repurchase program was launched today by management to repurchase 4 million shares of its common stock. This marked the second repurchase authorization in the fiscal year 2012, first of which was of completed in May 2012 with buy-back of a total of 4 million shares.

Our Take

We find it quite laudatory that the company has an ambitious and perspicacious eye for making advances. While the 2013 outlook projections are a clear sign of ambition and determination, its current fiscal year guidance revision denotes that its short-term goals are equally important. Another aspect towards which management never loses focus is returning optimum value to investors, which shows its interest towards retaining their valued confidence and faith. 

With its current state of affairs, the company appears to be in quite a formidable position to grapple with its peers in the industry. However, big players to remain wary of include Syntel, Inc. ( SYNT ), The KEYW Holding Corporation ( KEYW ) and Ebix Inc. ( EBIC ).

The company currently retains a Zacks #3 Rank, which translates into a short-term 'Hold' rating. We also have a 'Neutral' recommendation on the company's stock.

CACI INTL A (CACI): Free Stock Analysis Report
(EBIC): ETF Research Reports
KEYW HOLDING CP (KEYW): Free Stock Analysis Report
SYNTEL INC (SYNT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Stocks
Referenced Stocks: CACI , EBIC , KEYW , SYNT

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