CAI International (CAI) Announces Earnings Results

CAI International (NYSE:CAI) posted its quarterly earnings data on Monday. The transportation company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.17, Bloomberg Earnings reports. The firm had revenue of $94.03 million for the quarter, compared to the consensus estimate of $95.66 million. CAI International had a net margin of 10.93% and a return on equity of 7.11%. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.09) EPS.

CAI International (CAI) traded up $2.41 on Wednesday, reaching $26.65. 537,772 shares of the company’s stock were exchanged, compared to its average volume of 276,245. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 2.91. The stock has a market cap of $513.49, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 0.79 and a beta of 2.11. CAI International has a 1 year low of $13.57 and a 1 year high of $40.11.

In related news, CFO Timothy B. Page sold 10,184 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $33.06, for a total value of $336,683.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David G. Remington sold 4,040 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $32.68, for a total transaction of $132,027.20. Following the completion of the transaction, the director now directly owns 4,581 shares in the company, valued at $149,707.08. The disclosure for this sale can be found here. Insiders have sold a total of 25,824 shares of company stock worth $847,218 over the last ninety days. Insiders own 24.50% of the company’s stock.

A number of research firms have issued reports on CAI. Cowen raised shares of CAI International from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $34.00 to $46.00 in a report on Monday, October 23rd. ValuEngine downgraded shares of CAI International from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. William Blair reaffirmed an “outperform” rating on shares of CAI International in a report on Friday, October 20th. Wells Fargo & Co lifted their price objective on shares of CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $40.00 price objective on shares of CAI International in a report on Friday, October 20th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $36.20.

COPYRIGHT VIOLATION NOTICE: This news story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at

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.

Earnings History for CAI International (NYSE:CAI)

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

Leave a Reply