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.

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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.

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Earnings History and Estimates for CAI International (NYSE:CAI)

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