Brokerages predict that Ryder System, Inc. (NYSE:R) will post $0.02 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Ryder System’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.07. Ryder System posted earnings of $1.82 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 98.9%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 13th.
According to Zacks, analysts expect that Ryder System will report full-year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $1.03 to $1.10. For the next fiscal year, analysts forecast that the company will post earnings of $2.67 per share, with EPS estimates ranging from $2.00 to $3.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Ryder System.
Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($2.98). The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Ryder System had a net margin of 1.55% and a return on equity of 11.65%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 earnings per share.
A number of equities analysts have weighed in on the stock. Stifel Nicolaus cut shares of Ryder System from a “buy” rating to a “hold” rating and decreased their price objective for the company from $65.00 to $51.00 in a research report on Thursday, October 31st. Cfra cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, SunTrust Banks decreased their price objective on shares of Ryder System from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Ryder System has a consensus rating of “Buy” and a consensus price target of $65.00.
In other news, Director Luis P. Nieto, Jr. sold 2,293 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $46.67, for a total value of $107,014.31. Following the sale, the director now owns 23,757 shares in the company, valued at approximately $1,108,739.19. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director E Follin Smith bought 1,831 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average price of $54.63 per share, for a total transaction of $100,027.53. Following the purchase, the director now owns 31,586 shares in the company, valued at approximately $1,725,543.18. The disclosure for this purchase can be found here. Corporate insiders own 2.80% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Capital Management LLC acquired a new stake in Ryder System during the second quarter worth about $44,000. San Francisco Sentry Investment Group CA increased its stake in shares of Ryder System by 174.7% in the second quarter. San Francisco Sentry Investment Group CA now owns 890 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 566 shares during the period. Doyle Wealth Management acquired a new stake in shares of Ryder System in the second quarter valued at approximately $54,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ryder System by 10.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,189 shares of the transportation company’s stock valued at $165,000 after purchasing an additional 300 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Ryder System in the second quarter valued at approximately $181,000. Hedge funds and other institutional investors own 87.57% of the company’s stock.
NYSE:R traded down $0.85 on Friday, reaching $51.21. The stock had a trading volume of 20,331 shares, compared to its average volume of 745,733. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 2.75. The company has a 50-day moving average of $51.51 and a 200 day moving average of $53.44. The stock has a market cap of $2.81 billion, a P/E ratio of 8.84 and a beta of 1.84. Ryder System has a 12-month low of $44.80 and a 12-month high of $67.65.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be paid a $0.56 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.37%. Ryder System’s dividend payout ratio (DPR) is presently 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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