CAI International, Inc. (NYSE:CAI) announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09, Briefing.com reports. CAI International had a net margin of 4.14% and a return on equity of 4.13%. The firm had revenue of $82.69 million for the quarter, compared to analysts’ expectations of $85.18 million. During the same quarter in the previous year, the company posted $0.19 EPS. The company’s revenue was up 15.4% compared to the same quarter last year.
Shares of CAI International (CAI) traded up 0.75% during midday trading on Friday, hitting $28.10. The company had a trading volume of 297,415 shares. The stock’s 50-day moving average price is $24.16 and its 200-day moving average price is $18.83. CAI International has a 12 month low of $6.75 and a 12 month high of $29.11. The company has a market cap of $540.84 million, a price-to-earnings ratio of 40.72 and a beta of 2.21.
A number of brokerages have issued reports on CAI. ValuEngine upgraded shares of CAI International from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. TheStreet raised CAI International from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. Cowen and Company upped their price target on CAI International from $23.00 to $28.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $26.00 price objective on shares of CAI International in a report on Friday, July 14th. Finally, Zacks Investment Research raised CAI International from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Monday, April 24th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $24.75.
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About CAI International
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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