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.

COPYRIGHT VIOLATION WARNING: “CAI International, Inc. (CAI) Issues Earnings Results, Beats Estimates By $0.20 EPS” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/21/cai-international-inc-cai-issues-earnings-results-beats-estimates-by-0-20-eps.html.

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.

Earnings History for CAI International (NYSE:CAI)

Receive News & Stock Ratings for CAI International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAI International Inc. and related stocks with our FREE daily email newsletter.