Zacks: Brokerages Expect CAI International Inc (NYSE:CAI) Will Post Earnings of $0.89 Per Share

Wall Street analysts forecast that CAI International Inc (NYSE:CAI) will report earnings per share (EPS) of $0.89 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for CAI International’s earnings, with the lowest EPS estimate coming in at $0.84 and the highest estimate coming in at $0.92. CAI International reported earnings per share of $0.90 in the same quarter last year, which suggests a negative year over year growth rate of 1.1%. The business is expected to issue its next earnings results on Tuesday, July 30th.

On average, analysts expect that CAI International will report full year earnings of $3.78 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $3.95. For the next financial year, analysts anticipate that the business will post earnings of $4.15 per share, with EPS estimates ranging from $3.91 to $4.35. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow CAI International.

CAI International (NYSE:CAI) last announced its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). CAI International had a return on equity of 13.01% and a net margin of 17.48%. The company had revenue of $111.10 million for the quarter, compared to analyst estimates of $115.96 million. During the same period in the prior year, the business posted $0.83 earnings per share. CAI International’s revenue for the quarter was up 16.5% on a year-over-year basis.

A number of equities research analysts have recently commented on CAI shares. Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. ValuEngine cut Willdan Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.00.

Shares of NYSE:CAI traded down $0.22 during trading on Friday, reaching $22.54. 114,288 shares of the company’s stock traded hands, compared to its average volume of 109,181. CAI International has a fifty-two week low of $19.58 and a fifty-two week high of $27.43. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 2.94. The stock has a market cap of $404.25 million, a price-to-earnings ratio of 6.19 and a beta of 1.72. The stock has a 50-day simple moving average of $23.69.

A number of hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its stake in CAI International by 32.3% in the 4th quarter. Legal & General Group Plc now owns 3,223 shares of the transportation company’s stock worth $75,000 after purchasing an additional 786 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of CAI International by 269.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,586 shares of the transportation company’s stock worth $83,000 after acquiring an additional 2,616 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of CAI International by 384.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,465 shares of the transportation company’s stock worth $127,000 after acquiring an additional 4,337 shares in the last quarter. Citigroup Inc. grew its stake in shares of CAI International by 17.9% in the fourth quarter. Citigroup Inc. now owns 6,234 shares of the transportation company’s stock worth $145,000 after acquiring an additional 947 shares in the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new position in shares of CAI International in the fourth quarter worth $241,000. Institutional investors own 91.76% of the company’s stock.

CAI International Company Profile

CAI International, Inc operates as transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment.

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Earnings History and Estimates for CAI International (NYSE:CAI)

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