CAI International, Inc. (NYSE:CAI) - Analysts at William Blair increased their Q3 2017 earnings estimates for shares of CAI International in a research note issued to investors on Wednesday. William Blair analyst R. Napoli now forecasts that the transportation company will post earnings of $0.65 per share for the quarter, up from their prior estimate of $0.60. William Blair also issued estimates for CAI International’s Q4 2017 earnings at $0.76 EPS, Q1 2018 earnings at $0.77 EPS, Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.83 EPS and Q4 2018 earnings at $0.86 EPS.
CAI International (NYSE:CAI) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.09. CAI International had a return on equity of 4.17% and a net margin of 4.14%. The firm had revenue of $82.69 million during the quarter, compared to analyst estimates of $85.18 million. During the same period last year, the company posted $0.19 EPS. The business’s quarterly revenue was up 15.4% compared to the same quarter last year.
CAI has been the subject of several other reports. Cowen and Company increased their price target on CAI International from $23.00 to $28.00 and gave the stock a “market perform” rating in a report on Thursday. Zacks Investment Research upgraded CAI International from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a report on Monday, April 24th. TheStreet upgraded CAI International from a “d+” rating to a “c” rating in a report on Wednesday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $26.00 price target on shares of CAI International in a report on Friday, July 14th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $24.00 price target (up from $20.00) on shares of CAI International in a report on Sunday, April 23rd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CAI International has a consensus rating of “Buy” and an average target price of $24.75.
Shares of CAI International (NYSE CAI) opened at 27.03 on Friday. The firm has a market capitalization of $514.71 million, a price-to-earnings ratio of 128.10 and a beta of 2.20. The firm’s 50-day moving average price is $23.90 and its 200-day moving average price is $18.51. CAI International has a 12 month low of $6.75 and a 12 month high of $29.11.
Several hedge funds and other institutional investors have recently bought and sold shares of CAI. American International Group Inc. boosted its position in CAI International by 7.1% in the first quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock valued at $152,000 after buying an additional 637 shares in the last quarter. Citadel Advisors LLC boosted its position in CAI International by 4.0% in the first quarter. Citadel Advisors LLC now owns 10,898 shares of the transportation company’s stock valued at $172,000 after buying an additional 421 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in CAI International during the first quarter valued at $184,000. Cutler Group LP boosted its position in CAI International by 264.2% in the first quarter. Cutler Group LP now owns 12,999 shares of the transportation company’s stock valued at $204,000 after buying an additional 9,430 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in CAI International by 18.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,425 shares of the transportation company’s stock valued at $211,000 after buying an additional 2,130 shares in the last quarter. 58.46% of the stock is owned by institutional investors.
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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