CAI International, Inc. (NYSE:CAI) – Research analysts at William Blair raised their Q4 2017 earnings estimates for shares of CAI International in a note issued to investors on Friday. William Blair analyst R. Napoli now anticipates that the transportation company will earn $0.85 per share for the quarter, up from their prior estimate of $0.76. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for CAI International’s Q3 2018 earnings at $0.90 EPS, Q4 2018 earnings at $0.93 EPS and FY2018 earnings at $3.50 EPS.

A number of other research firms have also recently commented on CAI. Cowen and Company reiterated a “hold” rating and issued a $34.00 price objective on shares of CAI International in a report on Thursday. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $40.00 price objective on shares of CAI International in a report on Friday. Wells Fargo & Company upped their price objective on CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a report on Friday. Zacks Investment Research upgraded CAI International from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Thursday. Finally, ValuEngine upgraded CAI International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $33.40.

WARNING: “CAI International, Inc. (CAI) Expected to Earn Q4 2017 Earnings of $0.85 Per Share” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/23/cai-international-inc-cai-expected-to-earn-q4-2017-earnings-of-0-85-per-share.html.

Shares of CAI International (NYSE:CAI) opened at 37.26 on Monday. The stock has a market capitalization of $714.27 million, a P/E ratio of 54.39 and a beta of 2.19. CAI International has a one year low of $6.75 and a one year high of $37.37. The stock has a 50 day moving average price of $30.13 and a 200 day moving average price of $24.60.

CAI International (NYSE:CAI) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.20. CAI International had a return on equity of 7.23% and a net margin of 10.93%. The firm had revenue of $90.16 million for the quarter, compared to the consensus estimate of $89.43 million. During the same period in the prior year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis.

In related news, Director Hiromitsu Ogawa sold 693,927 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $26.60, for a total value of $18,458,458.20. Following the transaction, the director now directly owns 712,433 shares in the company, valued at $18,950,717.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 24.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAI. American International Group Inc. lifted its holdings in CAI International by 7.1% in the first quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock valued at $152,000 after acquiring an additional 637 shares during the last quarter. Citadel Advisors LLC lifted its holdings in CAI International by 4.0% in the first quarter. Citadel Advisors LLC now owns 10,898 shares of the transportation company’s stock valued at $172,000 after acquiring an additional 421 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in CAI International in the first quarter valued at approximately $184,000. State Board of Administration of Florida Retirement System lifted its holdings in CAI International by 18.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,425 shares of the transportation company’s stock valued at $211,000 after acquiring an additional 2,130 shares during the last quarter. Finally, Quotient Investors LLC acquired a new position in CAI International in the third quarter valued at approximately $224,000. Hedge funds and other institutional investors own 58.10% of the company’s stock.

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.

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

Receive News & Ratings for CAI International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAI International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.