CAI International, Inc. (NYSE:CAI) – William Blair dropped their Q4 2018 earnings per share estimates for CAI International in a research report issued to clients and investors on Thursday, April 12th. William Blair analyst R. Napoli now anticipates that the transportation company will post earnings of $0.91 per share for the quarter, down from their previous estimate of $0.92. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for CAI International’s Q2 2019 earnings at $1.02 EPS, Q3 2019 earnings at $1.07 EPS, Q4 2019 earnings at $1.12 EPS and FY2019 earnings at $4.18 EPS.
CAI International (NYSE:CAI) last announced its earnings results on Wednesday, February 14th. The transportation company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.17. CAI International had a net margin of 20.68% and a return on equity of 11.21%. The business had revenue of $94.03 million during the quarter, compared to analysts’ expectations of $95.66 million. During the same period in the prior year, the company earned ($0.09) earnings per share. The business’s revenue was up 21.7% compared to the same quarter last year.
A number of other brokerages have also recently commented on CAI. Zacks Investment Research raised shares of CAI International from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Monday, February 19th. Wells Fargo raised shares of CAI International from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a report on Wednesday, February 14th. Cowen reduced their target price on shares of CAI International from $46.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Finally, ValuEngine cut shares of CAI International from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CAI International has a consensus rating of “Buy” and an average target price of $33.20.
Shares of NYSE:CAI opened at $21.19 on Friday. CAI International has a one year low of $14.43 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. The stock has a market capitalization of $438.50, a PE ratio of 7.38, a price-to-earnings-growth ratio of 0.69 and a beta of 2.23.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in CAI International during the fourth quarter worth about $165,000. C M Bidwell & Associates Ltd. grew its position in CAI International by 167.1% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 7,560 shares of the transportation company’s stock worth $214,000 after buying an additional 4,730 shares during the period. MetLife Investment Advisors LLC acquired a new position in CAI International during the fourth quarter worth about $230,000. Cubist Systematic Strategies LLC acquired a new position in CAI International during the third quarter worth about $276,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in CAI International during the fourth quarter worth about $330,000. 74.52% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Ogawa Family Trust sold 1,250,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $21.58, for a total transaction of $26,975,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 24.50% of the company’s stock.
About CAI International
CAI International, Inc operates as transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment.
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