Zacks: Analysts Expect CAI International Inc (CAI) to Announce $0.85 Earnings Per Share
Wall Street brokerages expect that CAI International Inc (NYSE:CAI) will announce $0.85 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for CAI International’s earnings. The highest EPS estimate is $0.86 and the lowest is $0.84. CAI International posted earnings per share of ($0.09) during the same quarter last year, which would suggest a positive year over year growth rate of 1,044.4%. The company is expected to announce its next quarterly earnings results on Tuesday, February 13th.
On average, analysts expect that CAI International will report full-year earnings of $2.64 per share for the current year, with EPS estimates ranging from $2.57 to $2.68. For the next financial year, analysts anticipate that the company will report earnings of $3.71 per share, with EPS estimates ranging from $3.50 to $3.91. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow CAI International.
CAI International (NYSE:CAI) last issued its earnings results on Thursday, October 19th. The transportation company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ 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 company 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 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year.
CAI International (NYSE:CAI) opened at $30.34 on Tuesday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.39 and a current ratio of 0.39. CAI International has a one year low of $11.16 and a one year high of $40.11. The company has a market capitalization of $584.59, a P/E ratio of 16.40, a PEG ratio of 1.02 and a beta of 2.26.
In related news, CFO Timothy B. Page sold 3,000 shares of CAI International stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $36.31, for a total transaction of $108,930.00. Following the completion of the sale, the chief financial officer now directly owns 24,489 shares of the company’s stock, valued at approximately $889,195.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Victor Garcia sold 41,407 shares of CAI International stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $36.10, for a total value of $1,494,792.70. Following the sale, the insider now directly owns 68,307 shares of the company’s stock, valued at $2,465,882.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,111 shares of company stock valued at $4,403,869. 24.50% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC raised its holdings in CAI International by 3.2% in the 2nd quarter. Citadel Advisors LLC now owns 11,245 shares of the transportation company’s stock valued at $265,000 after acquiring an additional 347 shares in the last quarter. California Public Employees Retirement System raised its holdings in CAI International by 2.2% in the 3rd quarter. California Public Employees Retirement System now owns 119,251 shares of the transportation company’s stock valued at $3,616,000 after acquiring an additional 2,551 shares in the last quarter. Brandywine Global Investment Management LLC raised its holdings in CAI International by 41.1% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 10,204 shares of the transportation company’s stock valued at $241,000 after acquiring an additional 2,974 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in CAI International by 5.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 63,750 shares of the transportation company’s stock valued at $1,933,000 after acquiring an additional 3,094 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in CAI International by 23.0% in the 2nd quarter. Nationwide Fund Advisors now owns 17,088 shares of the transportation company’s stock valued at $403,000 after acquiring an additional 3,200 shares in the last quarter. 69.10% of the stock is owned by institutional investors and hedge funds.
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CAI International Company Profile
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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