Brokerages Expect CAI International Inc (CAI) to Announce $1.00 EPS

Wall Street analysts expect CAI International Inc (NYSE:CAI) to report $1.00 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for CAI International’s earnings, with the lowest EPS estimate coming in at $0.98 and the highest estimate coming in at $1.02. CAI International reported earnings of $0.90 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.1%. The firm is scheduled to announce its next quarterly earnings results on Thursday, October 18th.

On average, analysts expect that CAI International will report full year earnings of $3.72 per share for the current financial year, with EPS estimates ranging from $3.69 to $3.75. For the next financial year, analysts anticipate that the company will post earnings of $4.22 per share, with EPS estimates ranging from $3.95 to $4.48. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow CAI International.

CAI International (NYSE:CAI) last released its quarterly earnings results on Tuesday, July 31st. The transportation company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The company had revenue of $105.71 million for the quarter, compared to the consensus estimate of $100.70 million. CAI International had a return on equity of 13.16% and a net margin of 23.77%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of CAI International from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Monday, July 2nd. Keefe, Bruyette & Woods upgraded shares of CAI International from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 6th. Finally, ValuEngine upgraded shares of CAI International from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $35.60.

Several institutional investors have recently modified their holdings of the company. Globeflex Capital L P lifted its stake in shares of CAI International by 5.3% in the second quarter. Globeflex Capital L P now owns 46,410 shares of the transportation company’s stock worth $1,079,000 after buying an additional 2,317 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of CAI International by 13.0% in the second quarter. Rhumbline Advisers now owns 23,756 shares of the transportation company’s stock worth $552,000 after buying an additional 2,728 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of CAI International by 10.4% in the first quarter. Royal Bank of Canada now owns 30,369 shares of the transportation company’s stock worth $645,000 after buying an additional 2,855 shares during the last quarter. LSV Asset Management lifted its stake in shares of CAI International by 3.7% in the second quarter. LSV Asset Management now owns 128,222 shares of the transportation company’s stock worth $2,979,000 after buying an additional 4,600 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of CAI International by 2.6% in the first quarter. Northern Trust Corp now owns 191,128 shares of the transportation company’s stock worth $4,063,000 after buying an additional 4,842 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

CAI traded up $0.39 on Thursday, reaching $26.30. 55,176 shares of the company traded hands, compared to its average volume of 130,963. CAI International has a 52-week low of $19.35 and a 52-week high of $40.11. The company has a market capitalization of $492.51 million, a PE ratio of 6.97, a PEG ratio of 0.86 and a beta of 2.54. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.48 and a current ratio of 0.48.

CAI International Company Profile

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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