Wall Street brokerages forecast that CAI International Inc (NYSE:CAI) will report sales of $94.93 million for the current quarter, according to Zacks. Three analysts have provided estimates for CAI International’s earnings, with the highest sales estimate coming in at $95.58 million and the lowest estimate coming in at $94.20 million. CAI International posted sales of $81.51 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16.5%. The company is expected to issue its next earnings results on Thursday, April 19th.
According to Zacks, analysts expect that CAI International will report full-year sales of $94.93 million for the current fiscal year, with estimates ranging from $396.30 million to $410.23 million. For the next fiscal year, analysts anticipate that the company will report sales of $436.66 million per share, with estimates ranging from $421.60 million to $455.77 million. Zacks Investment Research’s sales calculations 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 announced its quarterly earnings results on Wednesday, February 14th. The transportation company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.17. CAI International had a return on equity of 11.21% and a net margin of 20.68%. The firm had revenue of $94.03 million for the quarter, compared to analyst estimates of $95.66 million. During the same period last year, the firm posted ($0.09) earnings per share. The business’s revenue for the quarter was up 21.7% on a year-over-year basis.
In related news, major shareholder Ogawa Family Trust sold 1,250,000 shares of CAI International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $21.58, for a total value of $26,975,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 24.50% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in CAI International in the fourth quarter valued at approximately $165,000. C M Bidwell & Associates Ltd. lifted its stake in CAI International by 167.1% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 7,560 shares of the transportation company’s stock valued at $214,000 after buying an additional 4,730 shares during the period. MetLife Investment Advisors LLC acquired a new position in CAI International in the fourth quarter valued at approximately $230,000. Alliancebernstein L.P. acquired a new position in CAI International in the second quarter valued at approximately $248,000. Finally, Voya Investment Management LLC acquired a new position in CAI International in the second quarter valued at approximately $253,000. 74.36% of the stock is currently owned by institutional investors.
Shares of CAI International (NYSE CAI) traded up $0.54 during mid-day trading on Friday, hitting $21.82. The stock had a trading volume of 209,286 shares, compared to its average volume of 369,866. CAI International has a 12-month low of $13.57 and a 12-month high of $40.11. The firm has a market capitalization of $436.04, a price-to-earnings ratio of 6.02, a price-to-earnings-growth ratio of 0.68 and a beta of 2.31. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 2.79.
COPYRIGHT VIOLATION WARNING: “Zacks: Analysts Expect CAI International Inc (CAI) Will Post Quarterly Sales of $94.93 Million” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://sportsperspectives.com/2018/03/12/zacks-analysts-expect-cai-international-inc-cai-will-post-quarterly-sales-of-94-93-million.html.
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.
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.