CAI International, Inc. (NYSE:CAI) Forecasted to Earn Q2 2021 Earnings of $1.61 Per Share

CAI International, Inc. (NYSE:CAI) – Stock analysts at B. Riley issued their Q2 2021 earnings estimates for shares of CAI International in a research report issued to clients and investors on Tuesday, June 8th. B. Riley analyst L. Burke anticipates that the transportation company will earn $1.61 per share for the quarter. B. Riley currently has a “Buy” rating and a $60.00 price target on the stock. B. Riley also issued estimates for CAI International’s Q3 2021 earnings at $1.89 EPS, Q4 2021 earnings at $2.03 EPS, FY2021 earnings at $7.35 EPS, FY2022 earnings at $7.83 EPS and FY2023 earnings at $8.11 EPS.

Separately, Zacks Investment Research upgraded CAI International from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Wednesday, May 5th.

Shares of CAI stock opened at $37.85 on Friday. The company has a market cap of $654.96 million, a price-to-earnings ratio of 11.94 and a beta of 1.51. CAI International has a fifty-two week low of $15.51 and a fifty-two week high of $50.21. The stock has a 50 day simple moving average of $42.81. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.64.

CAI International (NYSE:CAI) last announced its quarterly earnings results on Thursday, April 29th. The transportation company reported $1.85 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.19. CAI International had a return on equity of 17.51% and a net margin of 20.43%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group boosted its position in shares of CAI International by 39.5% during the first quarter. Schroder Investment Management Group now owns 9,156 shares of the transportation company’s stock valued at $417,000 after purchasing an additional 2,592 shares in the last quarter. Kaizen Financial Strategies bought a new stake in shares of CAI International during the first quarter valued at approximately $337,000. Squarepoint Ops LLC bought a new stake in shares of CAI International during the first quarter valued at approximately $755,000. Paloma Partners Management Co bought a new stake in shares of CAI International during the first quarter valued at approximately $423,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of CAI International during the first quarter valued at approximately $1,184,000. Institutional investors own 80.90% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Thursday, June 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.17%. CAI International’s dividend payout ratio is presently 23.72%.

CAI International Company Profile

CAI International, Inc operates as a transportation finance company in the United States, Switzerland, France, Korea, Singapore, rest of Asia, rest of Europe, and internationally. The company 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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