Analysts expect that CAI International Inc (NYSE:CAI) will report sales of $96.68 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for CAI International’s earnings. The lowest sales estimate is $93.75 million and the highest is $102.40 million. CAI International posted sales of $77.27 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 25.1%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 13th.

On average, analysts expect that CAI International will report full year sales of $96.68 million for the current financial year, with estimates ranging from $348.11 million to $354.50 million. For the next year, analysts forecast that the company will post sales of $416.98 million per share, with estimates ranging from $401.90 million to $445.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover CAI International.

CAI International (NYSE:CAI) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.90 EPS 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 company had revenue of $90.16 million for the quarter, compared to analyst estimates of $89.43 million. During the same period last year, the company earned $0.16 earnings per share. CAI International’s quarterly revenue was up 14.9% compared to the same quarter last year.

A number of brokerages have recently issued reports on CAI. SunTrust Banks reaffirmed a “buy” rating and issued a $40.00 price target on shares of CAI International in a research note on Friday, October 20th. Cowen reaffirmed a “hold” rating and issued a $34.00 price target on shares of CAI International in a research note on Thursday, October 19th. Zacks Investment Research lowered CAI International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. William Blair reaffirmed an “outperform” rating on shares of CAI International in a research note on Friday, October 20th. Finally, Wells Fargo & Co lifted their price target on CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. CAI International presently has a consensus rating of “Buy” and a consensus price target of $35.60.

Shares of CAI International (NYSE:CAI) traded up $0.99 on Thursday, reaching $30.41. The company’s stock had a trading volume of 389,600 shares, compared to its average volume of 230,700. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $572.26, a price-to-earnings ratio of 16.44, a P/E/G ratio of 0.98 and a beta of 2.26. CAI International has a one year low of $12.38 and a one year high of $40.11.

In other CAI International news, VP Camille Cutino sold 23,386 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $37.18, for a total transaction of $869,491.48. Following the transaction, the vice president now owns 71,640 shares of the company’s stock, valued at $2,663,575.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor Garcia sold 41,407 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 68,307 shares in the company, valued at approximately $2,465,882.70. The disclosure for this sale can be found here. Insiders sold 123,111 shares of company stock worth $4,403,869 over the last ninety days. Corporate insiders own 24.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAI. ClariVest Asset Management LLC boosted its stake in CAI International by 2,235.5% during the third quarter. ClariVest Asset Management LLC now owns 414,551 shares of the transportation company’s stock worth $12,568,000 after buying an additional 396,801 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in CAI International during the third quarter worth $11,979,000. Dimensional Fund Advisors LP boosted its stake in CAI International by 15.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,627,880 shares of the transportation company’s stock worth $49,358,000 after buying an additional 220,782 shares during the last quarter. Nordea Investment Management AB acquired a new position in CAI International during the third quarter worth $5,718,000. Finally, Allianz Asset Management GmbH acquired a new position in CAI International during the third quarter worth $2,114,000. 69.10% of the stock is currently owned by institutional investors.

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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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