Wall Street analysts expect CAI International Inc (NYSE:CAI) to report earnings of $0.84 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for CAI International’s earnings. The lowest EPS estimate is $0.75 and the highest is $0.91. CAI International reported earnings of $0.27 per share in the same quarter last year, which suggests a positive year over year growth rate of 211.1%. The business is expected to issue its next quarterly earnings report on Thursday, April 19th.
According to Zacks, analysts expect that CAI International will report full-year earnings of $3.89 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $4.38. For the next financial year, analysts forecast that the firm will report earnings of $4.34 per share, with EPS estimates ranging from $4.04 to $4.55. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for CAI International.
CAI International (NYSE:CAI) last released its quarterly earnings data on Wednesday, February 14th. The transportation company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.86 by $0.17. The company had revenue of $94.03 million for the quarter, compared to the consensus estimate of $95.66 million. CAI International had a return on equity of 11.21% and a net margin of 20.68%. CAI International’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period last year, the business posted ($0.09) EPS.
CAI has been the topic of several recent research reports. Zacks Investment Research raised CAI International from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Monday, February 19th. ValuEngine cut CAI International from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. William Blair reaffirmed an “outperform” rating on shares of CAI International in a research report on Tuesday, February 6th. Wells Fargo & Co raised CAI International from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Wednesday, February 14th. Finally, Cowen dropped their target price on CAI International from $46.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. CAI International currently has an average rating of “Buy” and an average price target of $33.20.
In other news, major shareholder Ogawa Family Trust sold 1,250,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $21.58, for a total value of $26,975,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.50% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new stake in CAI International during the 4th quarter worth about $230,000. Municipal Employees Retirement System of Michigan acquired a new stake in CAI International during the 4th quarter worth about $330,000. Millennium Management LLC lifted its position in CAI International by 243.6% during the 4th quarter. Millennium Management LLC now owns 457,148 shares of the transportation company’s stock worth $12,946,000 after acquiring an additional 324,092 shares during the period. Two Sigma Investments LP lifted its position in CAI International by 22.8% during the 4th quarter. Two Sigma Investments LP now owns 225,371 shares of the transportation company’s stock worth $6,383,000 after acquiring an additional 41,836 shares during the period. Finally, Two Sigma Advisers LP lifted its position in CAI International by 47.7% during the 4th quarter. Two Sigma Advisers LP now owns 222,747 shares of the transportation company’s stock worth $6,308,000 after acquiring an additional 71,938 shares during the period. 74.72% of the stock is owned by institutional investors.
CAI International (NYSE CAI) traded up $0.79 on Wednesday, reaching $21.28. The company’s stock had a trading volume of 360,926 shares, compared to its average volume of 498,350. The stock has a market cap of $419.85, a P/E ratio of 5.86, a P/E/G ratio of 0.66 and a beta of 2.31. CAI International has a one year low of $13.57 and a one year high of $40.11. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.54 and a quick ratio of 0.54.
CAI International Company Profile
CAI International, Inc is a transportation finance and logistics company. The Company purchases equipment, primarily intermodal shipping containers and railcars, which it leases to its customers, and also manages equipment for third-party investors. The Company operates through three segments: container leasing, rail leasing and logistics.
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