CAI International (NYSE:CAI) will post its quarterly earnings results on Thursday, April 26th. Analysts expect CAI International to post earnings of $0.83 per share for the quarter.
CAI International (NYSE:CAI) last released its earnings results on Wednesday, February 14th. The transportation company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.17. The business had revenue of $94.03 million for the quarter, compared to the consensus estimate of $95.66 million. CAI International had a return on equity of 11.21% and a net margin of 20.68%. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period last year, the business earned ($0.09) earnings per share. On average, analysts expect CAI International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
CAI traded up $0.64 during midday trading on Tuesday, reaching $21.98. 34,405 shares of the company’s stock were exchanged, compared to its average volume of 323,362. The stock has a market cap of $444.44, a price-to-earnings ratio of 7.64, a P/E/G ratio of 0.70 and a beta of 2.22. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 2.79. CAI International has a one year low of $17.68 and a one year high of $40.11.
In other CAI International news, major shareholder Ogawa Family Trust sold 1,250,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $21.58, for a total transaction of $26,975,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 13.80% of the stock is owned by company insiders.
A number of research analysts have commented on the stock. Compass Point assumed coverage on shares of CAI International in a research note on Monday. They set a “buy” rating and a $36.00 price target for the company. Zacks Investment Research cut shares of CAI International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 17th. William Blair restated an “outperform” rating on shares of CAI International in a research note on Thursday, April 12th. ValuEngine cut shares of CAI International from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Cowen cut their price target 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.67.
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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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