Zacks: Analysts Anticipate CAI International, Inc. (CAI) Will Post Earnings of $0.93 Per Share
Wall Street brokerages expect that CAI International, Inc. (NYSE:CAI) will post $0.93 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for CAI International’s earnings. The lowest EPS estimate is $0.84 and the highest is $1.15. CAI International reported earnings of ($0.09) per share in the same quarter last year, which would suggest a positive year over year growth rate of 1,133.3%. The firm is expected to report its next earnings report on Tuesday, February 13th.
On average, analysts expect that CAI International will report full-year earnings of $2.64 per share for the current year, with EPS estimates ranging from $2.57 to $2.68. For the next financial year, analysts forecast that the business will post earnings of $3.71 per share, with EPS estimates ranging from $3.50 to $3.91. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for CAI International.
CAI International (NYSE:CAI) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.20. The firm had revenue of $90.16 million for the quarter, compared to the consensus estimate of $89.43 million. CAI International had a return on equity of 7.11% and a net margin of 10.93%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share.
Several research analysts have commented on the company. Cowen and Company upgraded CAI International from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $46.00 in a report on Monday, October 23rd. William Blair restated an “outperform” rating on shares of CAI International in a report on Friday, October 20th. Zacks Investment Research downgraded CAI International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet upgraded CAI International from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. Finally, ValuEngine upgraded CAI International from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. CAI International has a consensus rating of “Buy” and an average price target of $35.80.
CAI International (NYSE CAI) opened at $35.93 on Monday. The company has a market capitalization of $692.30, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.70 and a beta of 2.32. CAI International has a fifty-two week low of $7.05 and a fifty-two week high of $40.11. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.91.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/zacks-analysts-anticipate-cai-international-inc-cai-will-post-earnings-of-0-93-per-share/1682467.html.
In other news, Director Gary Sawka sold 3,365 shares of CAI International stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $37.00, for a total value of $124,505.00. Following the transaction, the director now directly owns 3,541 shares in the company, valued at approximately $131,017. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hiromitsu Ogawa sold 693,927 shares of CAI International stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $26.60, for a total value of $18,458,458.20. Following the completion of the transaction, the director now owns 712,433 shares in the company, valued at $18,950,717.80. The disclosure for this sale can be found here. Insiders sold a total of 735,402 shares of company stock worth $20,001,605 over the last quarter. Company insiders own 24.50% of the company’s stock.
Several large investors have recently made changes to their positions in the company. American Century Companies Inc. purchased a new position in shares of CAI International in the 3rd quarter valued at $353,000. Chicago Equity Partners LLC increased its holdings in shares of CAI International by 57.0% in the 3rd quarter. Chicago Equity Partners LLC now owns 61,535 shares of the transportation company’s stock valued at $1,866,000 after acquiring an additional 22,350 shares during the period. Nationwide Fund Advisors increased its holdings in shares of CAI International by 329.5% in the 3rd quarter. Nationwide Fund Advisors now owns 73,388 shares of the transportation company’s stock valued at $2,225,000 after acquiring an additional 56,300 shares during the period. Quotient Investors LLC purchased a new position in shares of CAI International in the 3rd quarter valued at $224,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of CAI International in the 2nd quarter valued at $698,000. Institutional investors and hedge funds own 58.27% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CAI International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAI International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.