Ryder System Inc. (R) Updates FY13 Earnings Guidance
Ryder System Inc. (NYSE:R) updated its FY13 earnings guidance on Tuesday. The company provided EPS guidance of $4.78-4.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.83, Stock Ratings News reports.
A number of research firms have recently commented on R. Analysts at Zacks reiterated a neutral rating on shares of Ryder System in a research note to investors on Thursday, September 5th. They now have a $59.00 price target on the stock. On a related note, analysts at Buckingham Research upgraded shares of Ryder System from a neutral rating to a buy rating in a research note to investors on Tuesday, September 3rd. Finally, analysts at Thomson Reuters/Verus downgraded shares of Ryder System from a hold rating to a sell rating in a research note to investors on Monday, July 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Ryder System has a consensus rating of Buy and a consensus price target of $69.75.
Shares of Ryder System Inc. (NYSE:R) opened at 61.77 on Tuesday. Ryder System Inc. has a 52-week low of $42.78 and a 52-week high of $64.99. The stock has a 50-day moving average of $59.43 and a 200-day moving average of $60.14. The company has a market cap of $3.232 billion and a P/E ratio of 13.82.
Ryder System (NYSE:R) last announced its earnings results on Tuesday, October 22nd. The company reported $1.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.44 by $0.02. The company had revenue of $1.63 million for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company posted $1.28 earnings per share. Ryder System’s revenue was up 3.9% compared to the same quarter last year. Analysts expect that Ryder System Inc. will post $4.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 20th. Shareholders of record on Monday, November 18th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, November 14th.
Ryder System, Inc (NYSE:R) is engaged in transportation and supply chain management solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.