Wall Street analysts expect Ryder System, Inc. (NYSE:R) to post earnings of $1.50 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Ryder System’s earnings. The highest EPS estimate is $1.55 and the lowest is $1.47. Ryder System posted earnings per share of $1.64 during the same quarter last year, which would indicate a negative year over year growth rate of 8.5%. The business is expected to issue its next quarterly earnings results on Friday, October 25th.
On average, analysts expect that Ryder System will report full-year earnings of $5.64 per share for the current financial year, with EPS estimates ranging from $5.55 to $5.75. For the next fiscal year, analysts expect that the business will post earnings of $6.02 per share, with EPS estimates ranging from $5.70 to $6.22. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Ryder System.
Ryder System (NYSE:R) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.40 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.40. Ryder System had a net margin of 3.60% and a return on equity of 11.46%. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year.
R has been the subject of several research reports. TheStreet lowered shares of Ryder System from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. KeyCorp reduced their target price on shares of Ryder System from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, July 18th. SunTrust Banks reduced their target price on shares of Ryder System to $65.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Loop Capital lowered shares of Ryder System from a “buy” rating to a “hold” rating and reduced their target price for the stock from $70.00 to $62.00 in a report on Tuesday, July 2nd. Finally, ValuEngine lowered shares of Ryder System from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $71.57.
In related news, Director Luis P. Nieto, Jr. sold 2,293 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $46.67, for a total value of $107,014.31. Following the completion of the sale, the director now directly owns 23,757 shares of the company’s stock, valued at approximately $1,108,739.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.80% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Rehmann Capital Advisory Group boosted its stake in Ryder System by 238.4% in the 1st quarter. Rehmann Capital Advisory Group now owns 599 shares of the transportation company’s stock worth $37,000 after purchasing an additional 422 shares during the period. TD Capital Management LLC bought a new position in Ryder System in the 2nd quarter worth approximately $44,000. San Francisco Sentry Investment Group CA boosted its stake in Ryder System by 174.7% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 890 shares of the transportation company’s stock worth $52,000 after purchasing an additional 566 shares during the period. Doyle Wealth Management bought a new position in Ryder System in the 2nd quarter worth approximately $54,000. Finally, Dupont Capital Management Corp bought a new position in Ryder System in the 1st quarter worth approximately $90,000. Institutional investors and hedge funds own 88.63% of the company’s stock.
Shares of NYSE R traded up $0.08 during midday trading on Friday, hitting $53.33. 403,944 shares of the company’s stock traded hands, compared to its average volume of 465,057. Ryder System has a 1 year low of $44.80 and a 1 year high of $79.95. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 9.21 and a beta of 1.83. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.56 and a current ratio of 0.59. The firm has a fifty day moving average of $50.10 and a 200 day moving average of $57.07.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 16th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 4.20%. 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 is currently 38.69%.
Ryder System Company Profile
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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