- CACI International Inc (NYSE:CACI) has entered into an accelerated share repurchase agreement (ASR).
- Under the ASR, the company will repurchase $250 million of common stock under its previously announced $750 million share repurchase authorization.
- This equates to approximately 845,000 shares at the closing price on Jan. 27, 2023, representing approximately 3.6% of CACI’s shares.
- The company anticipates that all repurchases under the ASR will be completed by the end of August 2023.
- CACI now expects the fiscal year 2023 interest expense to be $80 million – $85 million and the diluted weighted average share count to be about 23.5 million.
- Given the timing of the ASR in the fiscal year, the company reiterated its prior adjusted net income and adjusted EPS guidance.
- The company held $114.7 million in cash and equivalents as of Dec. 31, 2022.
- Price Action: CACI shares are trading higher by 2.11% at $301.33 on the last check Monday.
Exxon Mobil Is A Buy With Signs Of Strong Third-Quarter Earnings, Says Bank Of America
Exxon Mobil Corp (NYSE: XOM) shares are trading 4.6% higher to $99.63 on Wednesday following a new 8-K filing that indicates strong third-quarter earnings that will likely be above consensus estimates and puts management on track to achieve its cash target of $20-$30 billion within the third quarter, according
