Wall Street brokerages expect that Ryder System, Inc. (NYSE:R) will report $1.50 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Ryder System’s earnings. The lowest EPS estimate is $1.47 and the highest is $1.55. Ryder System reported earnings of $1.64 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 8.5%. The business is scheduled to report its next earnings results on Friday, October 25th.
According to Zacks, analysts expect that Ryder System will report full-year earnings of $5.64 per share for the current fiscal year, with EPS estimates ranging from $5.55 to $5.75. For the next financial year, analysts forecast that the company will report earnings of $6.02 per share, with EPS estimates ranging from $5.70 to $6.22. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Ryder System.
Ryder System (NYSE:R) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.40 earnings per share for the quarter, meeting the consensus estimate of $1.40. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. Ryder System had a return on equity of 11.46% and a net margin of 3.60%. Ryder System’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share.
A number of analysts have recently commented on the company. Loop Capital lowered Ryder System from a “buy” rating to a “hold” rating and cut their price target for the company from $70.00 to $62.00 in a research note on Tuesday, July 2nd. KeyCorp cut their price target on Ryder System from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, July 18th. TheStreet lowered Ryder System from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. ValuEngine lowered Ryder System from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 31st. Finally, SunTrust Banks cut their price target on Ryder System to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Ryder System currently has an average rating of “Buy” and an average target price of $71.57.
Shares of R stock traded down $1.74 during mid-day trading on Friday, reaching $46.99. 410,013 shares of the stock traded hands, compared to its average volume of 609,282. The stock’s fifty day simple moving average is $53.30 and its two-hundred day simple moving average is $58.32. Ryder System has a 1-year low of $44.80 and a 1-year high of $79.95. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 8.12 and a beta of 1.81. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 2.54.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.77%. This is a positive change from Ryder System’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Friday, August 16th. Ryder System’s dividend payout ratio (DPR) is presently 38.69%.
In other news, EVP Karen M. Jones sold 1,767 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $52.21, for a total transaction of $92,255.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.80% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of R. FMR LLC raised its position in shares of Ryder System by 574.2% during the first quarter. FMR LLC now owns 583,279 shares of the transportation company’s stock worth $36,157,000 after acquiring an additional 496,769 shares during the last quarter. BlackRock Inc. increased its holdings in Ryder System by 7.1% in the second quarter. BlackRock Inc. now owns 6,643,848 shares of the transportation company’s stock worth $387,337,000 after purchasing an additional 440,942 shares in the last quarter. Luminus Management LLC increased its holdings in Ryder System by 22.6% in the second quarter. Luminus Management LLC now owns 2,269,889 shares of the transportation company’s stock worth $132,335,000 after purchasing an additional 418,038 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in Ryder System by 84.1% in the first quarter. Deprince Race & Zollo Inc. now owns 852,176 shares of the transportation company’s stock worth $52,826,000 after purchasing an additional 389,263 shares in the last quarter. Finally, Atria Investments LLC bought a new stake in Ryder System in the second quarter worth approximately $7,124,000. Institutional investors own 87.71% of the company’s stock.
About Ryder System
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.
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