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CACI Offers Bullish FY17 Guidance on Improved Dynamics
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Technical services provider CACI International Inc. (CACI - Free Report) recently provided a bullish guidance for fiscal 2017 beginning Jul 1, 2016 by factoring a large backlog of business, a healthy pipeline of opportunities, and enhanced capabilities to better serve its clients. The company also reiterated its guidance for the ongoing fiscal.
Outlook for FY17
For fiscal 2017, CACI expects revenues to be in the range of $4,050 million to $4,250 million with earnings of $150 million to $160 million or $6.02 to $6.43 per share. Operating cash flow is expected to be over $240 million without taking into consideration 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 benefitting significantly from its cost-reduction program.
FY16 Outlook Reiterated
For fiscal 2016, CACI reiterated its previous guidance and expects net income in the range of $133 million to $140 million on revenues of $3,700 million to $3,800 million. Earnings per share are expected to be within $5.37 and $5.65.
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.
Moving Forward
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). Some better-ranked stocks in the industry include Ebix Inc. , ARI Network Services Inc. (ARIS - Free Report) and The KEYW Holding Corporation , each carrying a Zacks Rank #2 (Buy).
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CACI Offers Bullish FY17 Guidance on Improved Dynamics
Technical services provider CACI International Inc. (CACI - Free Report) recently provided a bullish guidance for fiscal 2017 beginning Jul 1, 2016 by factoring a large backlog of business, a healthy pipeline of opportunities, and enhanced capabilities to better serve its clients. The company also reiterated its guidance for the ongoing fiscal.
Outlook for FY17
For fiscal 2017, CACI expects revenues to be in the range of $4,050 million to $4,250 million with earnings of $150 million to $160 million or $6.02 to $6.43 per share. Operating cash flow is expected to be over $240 million without taking into consideration 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 benefitting significantly from its cost-reduction program.
FY16 Outlook Reiterated
For fiscal 2016, CACI reiterated its previous guidance and expects net income in the range of $133 million to $140 million on revenues of $3,700 million to $3,800 million. Earnings per share are expected to be within $5.37 and $5.65.
CACI INTL A Price
CACI INTL A Price | CACI INTL A Quote
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.
Moving Forward
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). Some better-ranked stocks in the industry include Ebix Inc. , ARI Network Services Inc. (ARIS - Free Report) and The KEYW Holding Corporation , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>