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.

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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.

Earnings History for CAI International (NYSE:CAI)

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