Wall Street analysts forecast that CAI International Inc (NYSE:CAI) will report $112.80 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for CAI International’s earnings, with the highest sales estimate coming in at $113.30 million and the lowest estimate coming in at $112.30 million. CAI International posted sales of $90.16 million during the same quarter last year, which would indicate a positive year over year growth rate of 25.1%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 18th.
On average, analysts expect that CAI International will report full year sales of $430.60 million for the current fiscal year, with estimates ranging from $429.10 million to $432.10 million. For the next financial year, analysts expect that the business will post sales of $503.30 million per share, with estimates ranging from $497.90 million to $508.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for CAI International.
CAI International (NYSE:CAI) last issued its quarterly earnings data on Tuesday, July 31st. The transportation company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.01). CAI International had a return on equity of 13.16% and a net margin of 23.77%. The firm had revenue of $105.71 million during the quarter, compared to analyst estimates of $100.70 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. CAI International’s quarterly revenue was up 27.8% compared to the same quarter last year.
A number of brokerages recently issued reports on CAI. ValuEngine lowered shares of CAI International from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Keefe, Bruyette & Woods raised shares of CAI International from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 6th. Finally, Zacks Investment Research lowered shares of CAI International from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.60.
CAI stock traded up $0.02 on Friday, reaching $26.31. 67,400 shares of the company were exchanged, compared to its average volume of 239,907. CAI International has a 12 month low of $19.35 and a 12 month high of $40.11. The firm has a market capitalization of $513.36 million, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 0.89 and a beta of 2.54. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.93.
A number of hedge funds have recently made changes to their positions in CAI. Wells Fargo & Company MN increased its position in CAI International by 34.6% during the first quarter. Wells Fargo & Company MN now owns 173,709 shares of the transportation company’s stock worth $3,693,000 after acquiring an additional 44,698 shares during the period. Victory Capital Management Inc. bought a new stake in CAI International in the 1st quarter valued at $165,000. Prudential Financial Inc. increased its holdings in CAI International by 4.1% in the 1st quarter. Prudential Financial Inc. now owns 201,236 shares of the transportation company’s stock valued at $4,278,000 after buying an additional 7,940 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in CAI International by 18.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 77,819 shares of the transportation company’s stock valued at $1,655,000 after buying an additional 12,107 shares during the period. Finally, ClariVest Asset Management LLC increased its holdings in CAI International by 1.7% in the 1st quarter. ClariVest Asset Management LLC now owns 380,089 shares of the transportation company’s stock valued at $8,082,000 after buying an additional 6,268 shares during the period. 88.39% of the stock is currently owned by institutional investors and hedge funds.
About CAI International
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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 MarketBeat.com's FREE daily email newsletter.