News headlines about Ryder System (NYSE:R) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ryder System earned a news impact score of 0.24 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 46.8440890009148 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Canadian takes third in Ryder Top Tech 2017 – Today’s Trucking News (todaystrucking.com)
- Ryder System, Inc. (NYSE:R) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Ryder System, Inc. (NYSE:R) vs. Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Heady Investors are Taking a Look – FLBC News (flbcnews.com)
- Ryder System, Inc. (NYSE:R) Expected to Post Quarterly Sales of $1.81 Billion (americanbankingnews.com)
- Financial Analysis: ArcBest Corporation (ARCB) versus Ryder System (R) (americanbankingnews.com)
Shares of Ryder System (NYSE:R) opened at 72.84 on Friday. The company has a 50-day moving average price of $72.52 and a 200-day moving average price of $72.22. Ryder System has a 12 month low of $62.03 and a 12 month high of $85.42. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 17.54 and a beta of 1.39.
Ryder System (NYSE:R) last announced its earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.07. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the business posted $1.56 EPS. The company’s revenue was up 5.3% on a year-over-year basis. On average, analysts expect that Ryder System will post $4.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 21st will be paid a $0.46 dividend. The ex-dividend date is Thursday, August 17th. This is an increase from Ryder System’s previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.53%. Ryder System’s payout ratio is 42.21%.
A number of equities research analysts have issued reports on R shares. BidaskClub raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Seaport Global Securities assumed coverage on shares of Ryder System in a report on Friday, April 21st. They issued a “neutral” rating for the company. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Stephens lowered shares of Ryder System from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $81.00 to $71.00 in a research note on Wednesday, April 26th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $77.00.
In related news, CEO Robert E. Sanchez sold 26,275 shares of Ryder System stock in a transaction on Friday, August 4th. The stock was sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the completion of the transaction, the chief executive officer now directly owns 107,237 shares of the company’s stock, valued at $7,767,175.91. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Dennis C. Cooke sold 9,650 shares of Ryder System stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.75, for a total value of $702,037.50. Following the transaction, the insider now directly owns 2,883 shares of the company’s stock, valued at $209,738.25. The disclosure for this sale can be found here. 1.95% of the stock is owned by insiders.
Ryder System Company Profile
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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