Brokerages forecast that Ryder System, Inc. (NYSE:R) will report earnings of $1.28 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Ryder System’s earnings. The lowest EPS estimate is $1.17 and the highest is $1.34. Ryder System reported earnings of $1.67 per share in the same quarter last year, which indicates a negative year over year growth rate of 23.4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 24th.
On average, analysts expect that Ryder System will report full-year earnings of $4.42 per share for the current fiscal year, with EPS estimates ranging from $4.20 to $4.53. For the next year, analysts forecast that the business will report earnings of $5.15 per share, with EPS estimates ranging from $4.77 to $5.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Ryder System.
Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.07. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The firm 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 firm earned $1.56 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis.
A number of equities analysts have commented on R shares. Zacks Investment Research downgraded shares of Ryder System from a “hold” rating to a “strong sell” rating in a report on Friday, April 28th. BidaskClub downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Buckingham Research started coverage on shares of Ryder System in a report on Monday, August 21st. They issued a “buy” rating and a $85.00 price objective for the company. Finally, ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $78.33.
In related news, insider Dennis C. Cooke sold 9,650 shares of Ryder System stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.75, for a total transaction of $702,037.50. Following the sale, the insider now directly owns 2,883 shares in the company, valued at $209,738.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert E. Sanchez sold 26,275 shares of Ryder System stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the sale, the chief executive officer now owns 107,237 shares in the company, valued at $7,767,175.91. The disclosure for this sale can be found here. 1.95% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the stock. Teachers Advisors LLC boosted its stake in shares of Ryder System by 11.8% in the fourth quarter. Teachers Advisors LLC now owns 68,957 shares of the transportation company’s stock worth $5,133,000 after buying an additional 7,282 shares in the last quarter. Boston Advisors LLC acquired a new stake in shares of Ryder System during the first quarter valued at approximately $224,000. Oakbrook Investments LLC boosted its stake in shares of Ryder System by 81.9% in the first quarter. Oakbrook Investments LLC now owns 5,110 shares of the transportation company’s stock valued at $385,000 after buying an additional 2,300 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Ryder System by 2.0% in the first quarter. Retirement Systems of Alabama now owns 25,845 shares of the transportation company’s stock valued at $1,950,000 after buying an additional 504 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of Ryder System by 13.0% in the first quarter. ProShare Advisors LLC now owns 27,831 shares of the transportation company’s stock valued at $2,100,000 after buying an additional 3,194 shares during the period. Institutional investors and hedge funds own 93.05% of the company’s stock.
Shares of Ryder System (NYSE R) traded up 1.75% during midday trading on Friday, reaching $74.30. 425,935 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $73.03 and its 200 day moving average price is $72.00. Ryder System has a 1-year low of $62.03 and a 1-year high of $85.42. The stock has a market capitalization of $3.94 billion, a P/E ratio of 17.89 and a beta of 1.39.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be issued a dividend of $0.46 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, August 17th. This represents a $1.84 annualized dividend and a dividend yield of 2.48%. Ryder System’s payout ratio is 44.12%.
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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