CAI International, Inc. (CAI) Issues Earnings Results, Beats Estimates By $0.20 EPS
CAI International, Inc. (NYSE:CAI) issued its earnings results on Thursday. The transportation company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.20, Bloomberg Earnings reports. The business had revenue of $90.16 million for the quarter, compared to the consensus estimate of $89.43 million. CAI International had a net margin of 10.93% and a return on equity of 7.23%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 earnings per share.
CAI International (CAI) opened at 37.26 on Friday. CAI International has a 12-month low of $6.75 and a 12-month high of $37.37. The firm has a market capitalization of $714.27 million, a P/E ratio of 54.39 and a beta of 2.19. The firm has a 50 day moving average of $30.13 and a 200 day moving average of $24.60.
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A number of equities analysts recently weighed in on CAI shares. ValuEngine upgraded shares of CAI International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cowen and Company boosted their target price on shares of CAI International from $23.00 to $28.00 and gave the stock a “market perform” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $26.00 target price on shares of CAI International in a report on Friday, July 14th. Zacks Investment Research upgraded shares of CAI International from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Thursday. Finally, TheStreet upgraded shares of CAI International from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $33.40.
In other CAI International news, Director Hiromitsu Ogawa sold 693,927 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $26.60, for a total transaction of $18,458,458.20. Following the transaction, the director now directly owns 712,433 shares in the company, valued at approximately $18,950,717.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 24.50% of the stock is currently owned by company insiders.
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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