FBR Capital Reiterates an 'Outperform' on CACI International (CACI); Raises FY11 Guidance, Issues FY12 Guidance

FBR Capital reiterates an 'Outperform' on CACI International (NYSE: CACI), PT $57.

FBR analys says, "CACI International recently updated its FY11 and FY12 guidance. CACI lowered its FY11 plan for revenues but raised its earnings per share guidance. In addition, the company provided a plan and guidance for FY12 revenues and earnings per share. Although we are market neutral on the government services space in general and CACI specifically, we think that CACI is well positioned within the group due to its revenue exposure to the intelligence community...

"We maintain our revenue expectations and raise our EPS estimate for FY11; we raise both our revenue and EPS estimates for FY12. For FY11, our revenue estimate is $3.573 billion, and our EPS expectation is $4.33. For FY12, we are raising our estimates from $3.811 billion to $3.840 billion in revenues and from $4.42 to $4.70 in EPS."

For more ratings news on CACI International click here and for the rating history of CACI International click here.

Shares of CACI International closed at $63.03 yesterday.

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