Advances by CACI International - Analyst Blog
07 Giugno 2012 - 3:00PM
Zacks
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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