Wall Street analysts forecast that CAI International, Inc. (NYSE:CAI) will post $89.04 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for CAI International’s earnings. The lowest sales estimate is $86.83 million and the highest is $90.40 million. CAI International posted sales of $78.47 million during the same quarter last year, which suggests a positive year over year growth rate of 13.5%. The company is expected to issue its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that CAI International will report full year sales of $89.04 million for the current year, with estimates ranging from $341.59 million to $350.40 million. For the next fiscal year, analysts expect that the business will report sales of $402.87 million per share, with estimates ranging from $387.61 million to $413.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for CAI International.
CAI International (NYSE:CAI) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. CAI International had a return on equity of 4.13% and a net margin of 4.14%. The company had revenue of $82.69 million for the quarter, compared to the consensus estimate of $85.18 million. During the same quarter in the previous year, the business earned $0.19 EPS. CAI International’s revenue was up 15.4% compared to the same quarter last year.
Several research analysts recently commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $26.00 price target on shares of CAI International in a research report on Friday, July 14th. Cowen and Company lifted their price target on CAI International from $23.00 to $28.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. TheStreet upgraded CAI International from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Finally, ValuEngine upgraded CAI International from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. CAI International has a consensus rating of “Buy” and an average target price of $24.75.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in CAI International by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,407,098 shares of the transportation company’s stock worth $33,207,000 after purchasing an additional 111,741 shares during the last quarter. Vanguard Group Inc. lifted its stake in CAI International by 3.8% in the second quarter. Vanguard Group Inc. now owns 680,462 shares of the transportation company’s stock worth $16,059,000 after purchasing an additional 25,180 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in CAI International by 22.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 433,203 shares of the transportation company’s stock worth $6,819,000 after purchasing an additional 78,295 shares during the last quarter. Eagle Boston Investment Management Inc. lifted its stake in CAI International by 3.4% in the second quarter. Eagle Boston Investment Management Inc. now owns 328,636 shares of the transportation company’s stock worth $7,755,000 after purchasing an additional 10,882 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in CAI International by 26.9% in the second quarter. Royce & Associates LP now owns 325,162 shares of the transportation company’s stock worth $7,674,000 after purchasing an additional 69,000 shares during the last quarter. 58.10% of the stock is owned by institutional investors and hedge funds.
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Shares of CAI International (NYSE:CAI) traded down 0.950% on Tuesday, reaching $29.715. The company had a trading volume of 112,575 shares. The firm has a market capitalization of $569.64 million, a price-to-earnings ratio of 43.380 and a beta of 2.20. CAI International has a 52 week low of $6.75 and a 52 week high of $31.61. The stock’s 50 day moving average is $28.38 and its 200 day moving average is $21.45.
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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