FY2018 EPS Estimates for CAI International Inc (CAI) Reduced by William Blair

CAI International Inc (NYSE:CAI) – Stock analysts at William Blair reduced their FY2018 earnings estimates for CAI International in a research note issued to investors on Tuesday, February 19th. William Blair analyst R. Napoli now expects that the transportation company will earn $3.81 per share for the year, down from their prior estimate of $3.84. William Blair also issued estimates for CAI International’s Q4 2018 earnings at $1.06 EPS, Q1 2019 earnings at $0.74 EPS, Q2 2019 earnings at $0.94 EPS, Q4 2019 earnings at $0.95 EPS, FY2019 earnings at $4.25 EPS, Q1 2020 earnings at $0.85 EPS, Q2 2020 earnings at $1.02 EPS, Q3 2020 earnings at $1.15 EPS, Q4 2020 earnings at $1.08 EPS and FY2020 earnings at $4.67 EPS.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods cut CAI International from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $34.00 to $29.00 in a research note on Thursday. ValuEngine cut CAI International from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Zacks Investment Research cut CAI International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Wells Fargo & Co set a $24.00 price target on CAI International and gave the company a “hold” rating in a research note on Wednesday, October 31st. Finally, Cowen decreased their price target on CAI International from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. CAI International has an average rating of “Buy” and an average target price of $29.40.

Shares of NYSE CAI opened at $23.01 on Friday. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market cap of $512.97 million, a P/E ratio of 6.32, a P/E/G ratio of 0.78 and a beta of 1.85. CAI International has a 1-year low of $19.35 and a 1-year high of $27.43.

CAI International (NYSE:CAI) last issued its quarterly earnings data on Wednesday, February 20th. The transportation company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.17). The company had revenue of $115.60 million for the quarter, compared to analysts’ expectations of $121.21 million. CAI International had a return on equity of 12.65% and a net margin of 17.78%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its stake in CAI International by 32.3% in the fourth quarter. Legal & General Group Plc now owns 3,223 shares of the transportation company’s stock valued at $75,000 after buying an additional 786 shares during the last quarter. Millennium Management LLC raised its stake in CAI International by 0.6% in the fourth quarter. Millennium Management LLC now owns 138,656 shares of the transportation company’s stock valued at $3,221,000 after buying an additional 793 shares during the last quarter. Citigroup Inc. raised its stake in CAI International by 17.9% in the fourth quarter. Citigroup Inc. now owns 6,234 shares of the transportation company’s stock valued at $145,000 after buying an additional 947 shares during the last quarter. LSV Asset Management raised its stake in CAI International by 2.1% in the third quarter. LSV Asset Management now owns 130,922 shares of the transportation company’s stock valued at $2,994,000 after buying an additional 2,700 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in CAI International by 3.9% in the fourth quarter. California Public Employees Retirement System now owns 77,390 shares of the transportation company’s stock valued at $1,798,000 after buying an additional 2,911 shares during the last quarter. Institutional investors own 84.83% of the company’s stock.

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.

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

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