CAI International, Inc. (CAI) Expected to Earn Q4 2017 Earnings of $0.85 Per Share
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.
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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.
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