SunTrust Banks Weighs in on CAI International, Inc.’s Q3 2017 Earnings (CAI)

CAI International, Inc. (NYSE:CAI) – Equities researchers at SunTrust Banks upped their Q3 2017 EPS estimates for CAI International in a research report issued on Monday. SunTrust Banks analyst D. Mewhirter now anticipates that the transportation company will post earnings per share of $0.72 for the quarter, up from their previous forecast of $0.58. SunTrust Banks has a “Buy” rating and a $24.00 price objective on the stock. SunTrust Banks also issued estimates for CAI International’s Q4 2017 earnings at $0.56 EPS, Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.71 EPS and FY2018 earnings at $2.55 EPS.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research cut CAI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Cowen and Company lifted their target price on CAI International from $16.00 to $19.00 and gave the company a “market perform” rating in a research report on Friday, April 21st.

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

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Shares of CAI International (NYSE:CAI) opened at 23.18 on Tuesday. The company has a market cap of $441.39 million, a price-to-earnings ratio of 109.86 and a beta of 2.22. CAI International has a 12-month low of $6.75 and a 12-month high of $24.50. The stock has a 50 day moving average of $20.58 and a 200 day moving average of $15.76.

CAI International (NYSE:CAI) last posted its earnings results on Thursday, April 20th. The transportation company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.14. CAI International had a net margin of 1.41% and a return on equity of 2.95%. The business had revenue of $81.50 million for the quarter, compared to analyst estimates of $78.69 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The firm’s quarterly revenue was up 21.6% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAI. Royce & Associates LP acquired a new position in CAI International during the first quarter worth about $4,032,000. Ameriprise Financial Inc. boosted its position in CAI International by 291.4% in the first quarter. Ameriprise Financial Inc. now owns 278,902 shares of the transportation company’s stock worth $4,389,000 after buying an additional 207,639 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in CAI International by 9.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,295,357 shares of the transportation company’s stock worth $20,389,000 after buying an additional 114,781 shares in the last quarter. EAM Investors LLC acquired a new position in CAI International during the first quarter worth about $1,284,000. Finally, Pacific Ridge Capital Partners LLC boosted its position in CAI International by 22.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 433,203 shares of the transportation company’s stock worth $6,819,000 after buying an additional 78,295 shares in the last quarter. Hedge funds and other institutional investors own 58.14% of the company’s stock.

About CAI International

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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