CAI International (CAP) Announces Quarterly Earnings Results, Misses Expectations By $0.12 EPS
CAI International (NYSE:CAP) issued its quarterly earnings data on Tuesday. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.12, StockRatingsNetwork reports. The company had revenue of $53.90 million for the quarter, compared to the consensus estimate of $56.09 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis.
Shares of CAI International (NYSE:CAP) traded up 0.09% during mid-day trading on Tuesday, hitting $23.45. 266,538 shares of the company’s stock traded hands. CAI International has a one year low of $18.90 and a one year high of $30.28. The stock’s 50-day moving average is $21.61 and its 200-day moving average is $25.26. The company has a market cap of $520.1 million and a price-to-earnings ratio of 7.52.
CAP has been the subject of a number of recent research reports. Analysts at Cowen and Company downgraded shares of CAI International from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. On a related note, analysts at Zacks upgraded shares of CAI International from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $24.00 price target on the stock. Finally, analysts at Sterne Agee cut their price target on shares of CAI International from $33.00 to $29.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.72.
CAI International, Inc is a equipment leasing and management company, operating primarily in the international intermodal marine cargo container leasing business.
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