CACI Offers Fiscal 2014 Outlook - Analyst Blog

By
A A A

Technical services provider CACI International Inc. ( CACI ) recently provided its initial guidance for fiscal 2014 beginning Jul 1, 2013, while reiterating the same for the ongoing fiscal. The outlook is derived at by factoring the risks stemming from the challenging macroeconomic environment. Moving ahead, CACI expects to diligently focus on its operating plans to reward its shareholders with attractive risk-adjusted returns.

For fiscal 2014, CACI expects revenues to be in the range of $3.5 billion to $3.7 billion with earnings of $142 million to $152 million or $5.70 to $6.10 per share. Operating cash flow is expected to be approximately $225 million without assuming any impact of future acquisitions.

CACI intends to drive operational excellence by intensively focusing on its organic and inorganic growth strategy and strengthening its existing customer relationships while building newer ones. In addition, the company anticipates to significantly benefit from its cost-reduction program.

For fiscal 2013, CACI reiterated its previous guidance and expects net income in the range of $151 million to $157 million on revenues of $3,650 million to $3,750 million. Earnings are expected to be within $6.29 and $6.55 per share.

Going forward, CACI intends to assiduously grow in large markets, increase new business initiatives and leverage mergers and acquisitions to further increase its market share and create long-term value for its shareholders.

Based in Arlington, Va, CACI delivers IT applications and infrastructure to improve communications and secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. The company's solutions enhance defense and intelligence capabilities, assure homeland security, improve decision-making, and help customers operate smartly and efficiently.

CACI currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth considering in the industry include Ebix Inc. ( EBIX ) and Forrester Research Inc. ( FORR ), each carrying a Zacks Rank #2 (Buy), while NCI, Inc. ( NCIT ) carries a Zacks Rank #1 (Strong Buy).



CACI INTL A (CACI): Free Stock Analysis Report

EBIX INC (EBIX): Free Stock Analysis Report

FORRESTER RESH (FORR): Free Stock Analysis Report

NCI INC-CL A (NCIT): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: CACI , EBIX , FORR , NCIT

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Russell’s One Good Reason
Russell’s One Good Reason           
Tammy’s One Good Reason
Tammy’s One Good Reason             
Lisa’s One Good Reason
Lisa’s One Good Reason              

Stocks

Referenced

Most Active by Volume

87,324,760
  • $7.31 ▲ 22.04%
79,329,227
  • $17.16 ▲ 0.76%
74,153,988
  • $8.87 ▼ 5.84%
49,177,672
  • $34.01 ▲ 4.39%
44,197,901
  • $101.40 ▲ 1.38%
43,197,735
  • $11.70 ▲ 3.36%
42,712,021
  • $74.99 ▲ 1.19%
42,423,171
  • $108 ▲ 0.95%
As of 10/31/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com