Separately, Zacks Investment Research raised CAI International from a strong sell rating to a hold rating in a research note on Monday, November 21st.
Shares of CAI International (NYSE:CAI) opened at 14.58 on Wednesday. CAI International has a 52-week low of $4.89 and a 52-week high of $17.17. The firm’s 50-day moving average is $13.20 and its 200-day moving average is $9.63. The firm’s market cap is $276.89 million.
CAI International (NYSE:CAI) last announced its quarterly earnings results on Tuesday, February 14th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.21. CAI International had a negative net margin of 2.50% and a positive return on equity of 6.00%. The firm earned $77.30 million during the quarter, compared to the consensus estimate of $79.72 million. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts anticipate that CAI International will post $0.86 earnings per share for the current year.
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Institutional investors have recently modified their holdings of the company. Prudential Financial Inc. increased its stake in CAI International by 5.4% in the second quarter. Prudential Financial Inc. now owns 281,516 shares of the company’s stock worth $2,111,000 after buying an additional 14,300 shares in the last quarter. LVW Advisors LLC purchased a new stake in CAI International during the second quarter worth $180,000. Schwab Charles Investment Management Inc. increased its stake in CAI International by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 51,250 shares of the company’s stock worth $385,000 after buying an additional 882 shares during the last quarter. Royal Bank of Canada increased its stake in CAI International by 4.4% in the second quarter. Royal Bank of Canada now owns 45,520 shares of the company’s stock worth $341,000 after buying an additional 1,900 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. increased its stake in CAI International by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 301,114 shares of the company’s stock worth $2,490,000 after buying an additional 2,264 shares during the last quarter. 62.27% of the stock is currently owned by hedge funds and other institutional investors.
About CAI International
CAI International, Inc is a transportation finance and logistics company. The Company purchases equipment, which it leases primarily to container shipping lines, freight forwarders and other transportation companies. The Company operates through three segments: container leasing, rail leasing and logistics.
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