CACI International - Aggressive Growth
December 01 2011 - 7:00PM
Zacks
CACI International, Inc. (CACI) continues to post better
than expected earnings and estimates are up sharply. But shares
remain a great value as well as a growth story. This Zacks #1 Rank
(Strong Buy) is worth revisiting here.
Company Description
CACI offers professional and IT services for defense,
intelligence, homeland security, and IT modernization and
government transformation.
Another Surprise
Since being featured back in September, CACI has posted yet
another earnings surprise, putting the streak at 15 consecutive
quarters.
On Nov 2 the company showed an 11% increase in revenues for the
first fiscal quarter, to $924 million. Net income spiked 47% to
$42.1 million. Earnings per share came in at $1.40, well ahead of
the $1.11 analysts were expecting.
Business is Only Getting Better
The company went on to raise its full-year guidance in light of
the record quarter and the accelerating M&A activity.
Analysts polled by Zacks agreed in unison for fiscal 2012. This
year's consensus estimate jumped 57 cents, to $5.69. There was on
downward revision for fiscal 2013, compared to 13 upward. As a
result the consensus is up 53 cents, to $5.97 on the earnings
news.
Last year the company made $4.45, so the projected growth rates
are 28% for this year and 5% for next year.
And Shares are Cheap?
Right now the stock is trading at just 10 times this year's
estimates. That gives CACI a PEG of just 0.6. On top of that, the
P/S is only 0.4 and the P/B is just 1.3.
The Chart
CACI saw some ups and downs in the wake of the earnings news,
but right now it looks like shares are back on track. The MACD is
pointing to a shift in momentum and is about to produce a buy
signal.
Read the September 20th Feature Here
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