|
Earnings momentum for CAI International Inc. ( CAP ) has been on the rise since this freight container leasing company reported double-digit revenue and earnings growth in the second quarter of 2012. CAP benefited from strengthening container demand and continued growth in international trade. This Zacks #1 Rank (Strong Buy) has gained over 37% year-to-date.
Despite the ultra-low interest rate, the company has returned over 25% on equity since the beginning of the year, supported by the long-term multi-year leases for most of its equipment. With a long-term earnings growth projection of 11.0%, the stock looks like a solid growth pick.
Impressive Q2
On July 23, CAI International reported second quarter 2012 adjusted earnings per share of 67 cents, up 21.8% from last year but below the Zacks Consensus Estimate. Revenues grew 38.1% year over year to a record $39.7 million, driven by strong growth in rental revenue and lease income.
View Entire Story
.
Return To View More News...
.
.
|
