CAI International, Inc. (NYSE:CAI) – Analysts at William Blair reduced their Q1 2018 earnings estimates for shares of CAI International in a research report issued to clients and investors on Tuesday. William Blair analyst R. Napoli now expects that the transportation company will post earnings per share of $0.81 for the quarter, down from their prior estimate of $0.82. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for CAI International’s Q4 2018 earnings at $0.92 EPS.

CAI International (NYSE:CAI) last released its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.20. CAI International had a return on equity of 7.11% and a net margin of 10.93%. The firm had revenue of $90.16 million during the quarter, compared to the consensus estimate of $89.43 million. During the same period in the previous year, the company posted $0.16 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis.

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CAI has been the subject of several other reports. ValuEngine upgraded CAI International from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Cowen and Company reissued a “hold” rating and set a $28.00 price target on shares of CAI International in a research report on Wednesday, October 4th. Zacks Investment Research raised CAI International from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Thursday, October 19th. Wells Fargo & Company increased their price target on CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Finally, TheStreet raised CAI International from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. CAI International currently has an average rating of “Buy” and a consensus target price of $35.80.

Shares of CAI International (CAI) traded down $0.57 during mid-day trading on Thursday, reaching $34.48. The company had a trading volume of 187,900 shares, compared to its average volume of 190,525. The firm has a market capitalization of $653.56, a PE ratio of 20.26, a PEG ratio of 1.66 and a beta of 2.32. CAI International has a 52-week low of $8.41 and a 52-week high of $40.11. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.39 and a current ratio of 0.39.

In related news, Director David G. Remington sold 11,724 shares of CAI International stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $37.50, for a total transaction of $439,650.00. Following the sale, the director now directly owns 13,041 shares of the company’s stock, valued at $489,037.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Timothy B. Page sold 3,000 shares of CAI International stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $36.31, for a total value of $108,930.00. Following the sale, the chief financial officer now directly owns 24,489 shares in the company, valued at $889,195.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 791,214 shares of company stock worth $22,015,109. Corporate insiders own 24.50% of the company’s stock.

Large investors have recently bought and sold shares of the company. American International Group Inc. grew its holdings in CAI International by 7.1% during the 1st quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock worth $152,000 after acquiring an additional 637 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of CAI International by 91.9% in the 1st quarter. TIAA CREF Investment Management LLC now owns 78,559 shares of the transportation company’s stock valued at $1,237,000 after purchasing an additional 37,626 shares during the period. Vanguard Group Inc. raised its holdings in shares of CAI International by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 655,282 shares of the transportation company’s stock valued at $10,314,000 after purchasing an additional 11,401 shares during the period. Geode Capital Management LLC raised its holdings in shares of CAI International by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 118,436 shares of the transportation company’s stock valued at $1,864,000 after purchasing an additional 3,611 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in CAI International by 9.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,295,357 shares of the transportation company’s stock valued at $20,389,000 after buying an additional 114,781 shares during the last quarter. Institutional investors own 63.48% 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)

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