CAI International, Inc. (NYSE:CAI) Expected to Post Earnings of $1.89 Per Share

Equities research analysts expect that CAI International, Inc. (NYSE:CAI) will report $1.89 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for CAI International’s earnings. CAI International reported earnings of $1.04 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 81.7%. The firm is expected to issue its next earnings results on Thursday, November 4th.

According to Zacks, analysts expect that CAI International will report full-year earnings of $7.78 per share for the current financial year. For the next financial year, analysts forecast that the business will post earnings of $8.20 per share, with EPS estimates ranging from $7.84 to $8.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow CAI International.

CAI International (NYSE:CAI) last issued its earnings results on Tuesday, August 3rd. The transportation company reported $2.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.30. The business had revenue of $85.70 million for the quarter, compared to analysts’ expectations of $82.93 million. CAI International had a return on equity of 20.59% and a net margin of 31.60%.

CAI has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut CAI International from an “outperform” rating to a “market perform” rating and set a $56.00 price objective on the stock. in a report on Tuesday, June 29th. William Blair cut CAI International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 18th. B. Riley cut CAI International from a “buy” rating to a “neutral” rating in a research note on Friday, June 18th. Finally, Zacks Investment Research upgraded CAI International from a “sell” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Tuesday, August 10th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC lifted its position in CAI International by 33.2% in the second quarter. Parametric Portfolio Associates LLC now owns 62,234 shares of the transportation company’s stock valued at $3,485,000 after purchasing an additional 15,497 shares during the period. Morgan Stanley lifted its position in CAI International by 53.8% in the second quarter. Morgan Stanley now owns 247,814 shares of the transportation company’s stock valued at $13,878,000 after purchasing an additional 86,642 shares during the period. Denali Advisors LLC lifted its position in CAI International by 62.5% in the second quarter. Denali Advisors LLC now owns 96,817 shares of the transportation company’s stock valued at $5,422,000 after purchasing an additional 37,232 shares during the period. Zacks Investment Management acquired a new stake in CAI International in the second quarter valued at about $213,000. Finally, Metropolitan Life Insurance Co NY increased its holdings in CAI International by 84,280.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 4,219 shares of the transportation company’s stock valued at $236,000 after buying an additional 4,214 shares in the last quarter. Institutional investors own 87.64% of the company’s stock.

CAI opened at $55.86 on Friday. CAI International has a one year low of $25.21 and a one year high of $56.22. The stock has a market capitalization of $969.62 million, a PE ratio of 10.40 and a beta of 1.49. The business’s 50 day moving average price is $55.88 and its 200 day moving average price is $49.50. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.45 and a current ratio of 0.45.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 27th. Shareholders of record on Friday, September 10th will be paid a $0.30 dividend. The ex-dividend date is Thursday, September 9th. This represents a $1.20 annualized dividend and a yield of 2.15%. CAI International’s dividend payout ratio is presently 23.72%.

About CAI International

CAI International, Inc is a transportation finance and logistics company, which engages in the provision of intermodal shipping containers. The company was founded by Hiromitsu Ogawa on August 3, 1989 and is headquartered in San Francisco, CA.

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

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