Brokerages Anticipate CAI International Inc (CAI) Will Announce Earnings of $0.93 Per Share

Equities research analysts expect CAI International Inc (NYSE:CAI) to post earnings per share of $0.93 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for CAI International’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.99. CAI International posted earnings per share of $0.65 in the same quarter last year, which suggests a positive year-over-year growth rate of 43.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, July 25th.

On average, analysts expect that CAI International will report full-year earnings of $3.86 per share for the current fiscal year, with EPS estimates ranging from $3.64 to $4.14. For the next year, analysts expect that the company will post earnings of $4.28 per share, with EPS estimates ranging from $4.18 to $4.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow CAI International.

CAI International (NYSE:CAI) last issued its quarterly earnings results on Thursday, April 26th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The business had revenue of $95.37 million during the quarter, compared to analyst estimates of $95.30 million. CAI International had a net margin of 23.17% and a return on equity of 12.58%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share.



Several analysts have weighed in on CAI shares. Cowen lowered their target price on shares of CAI International from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Zacks Investment Research upgraded shares of CAI International from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Monday, February 19th. ValuEngine upgraded shares of CAI International from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Wells Fargo upgraded 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 research note on Wednesday, February 14th. Finally, William Blair reiterated an “outperform” rating on shares of CAI International in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.67.

In other news, Director Andrew Ogawa sold 1,225,214 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $22.81, for a total transaction of $27,947,131.34. Following the completion of the transaction, the director now owns 92,854 shares of the company’s stock, valued at $2,117,999.74. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Victor Garcia purchased 2,079 shares of CAI International stock in a transaction dated Monday, May 14th. The shares were purchased at an average cost of $25.00 per share, with a total value of $51,975.00. Following the acquisition, the chief executive officer now owns 9,921 shares of the company’s stock, valued at approximately $248,025. The disclosure for this purchase can be found here. Insiders own 13.80% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of CAI International during the fourth quarter valued at $165,000. C M Bidwell & Associates Ltd. boosted its holdings in shares of 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 valued at $214,000 after acquiring an additional 4,730 shares during the period. Victory Capital Management Inc. acquired a new position in shares of CAI International during the first quarter valued at $165,000. MetLife Investment Advisors LLC acquired a new position in shares of CAI International during the fourth quarter valued at $230,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of CAI International during the fourth quarter valued at $330,000. 79.37% of the stock is owned by institutional investors.

CAI stock traded down $0.64 during trading on Tuesday, hitting $25.37. 122,400 shares of the company’s stock traded hands, compared to its average volume of 307,543. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.46 and a quick ratio of 0.46. CAI International has a 52 week low of $18.82 and a 52 week high of $40.11. The firm has a market cap of $527.73 million, a price-to-earnings ratio of 8.90, a PEG ratio of 0.83 and a beta of 2.24.

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

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