Brokerages Anticipate Ryder System, Inc. (R) to Announce $0.93 EPS
Brokerages expect Ryder System, Inc. (NYSE:R) to announce $0.93 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Ryder System’s earnings. The lowest EPS estimate is $0.89 and the highest is $0.99. Ryder System reported earnings per share of $1.56 in the same quarter last year, which would suggest a negative year-over-year growth rate of 40.4%. The company is expected to issue its next earnings report before the market opens on Wednesday, July 26th.
On average, analysts expect that Ryder System will report full-year earnings of $4.35 per share for the current year, with EPS estimates ranging from $4.28 to $4.50. For the next fiscal year, analysts anticipate that the business will report earnings of $5.00 per share, with EPS estimates ranging from $4.71 to $5.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Ryder System.
Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, April 25th. The transportation company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.02. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ryder System had a return on equity of 14.10% and a net margin of 3.87%. Ryder System’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share.
Several research firms recently commented on R. Stephens cut Ryder System from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $81.00 to $71.00 in a research report on Wednesday, April 26th. Seaport Global Securities began coverage on Ryder System in a research report on Friday, April 21st. They set a “neutral” rating on the stock. Finally, Zacks Investment Research raised Ryder System from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $75.75.
Ryder System (NYSE:R) traded down 1.41% during trading on Wednesday, reaching $67.73. 595,272 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $73.38 and a 200-day moving average of $75.03. The stock has a market cap of $3.63 billion, a PE ratio of 14.83 and a beta of 1.27. Ryder System has a 12 month low of $56.98 and a 12 month high of $85.42.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Monday, May 22nd will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, May 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.60%. Ryder System’s payout ratio is currently 35.77%.
In other news, insider John S. Sensing sold 8,492 shares of Ryder System stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $77.00, for a total transaction of $653,884.00. Following the transaction, the insider now directly owns 14,597 shares of the company’s stock, valued at approximately $1,123,969. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Karen M. Jones sold 4,086 shares of Ryder System stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $73.40, for a total value of $299,912.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,783 shares of company stock worth $1,127,617. Insiders own 1.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LSV Asset Management boosted its position in Ryder System by 313.4% in the third quarter. LSV Asset Management now owns 2,268,976 shares of the transportation company’s stock worth $149,638,000 after buying an additional 1,720,119 shares during the last quarter. Luminus Management LLC bought a new position in Ryder System during the fourth quarter worth $113,937,000. Wells Fargo & Company MN boosted its position in Ryder System by 50.3% in the first quarter. Wells Fargo & Company MN now owns 2,325,451 shares of the transportation company’s stock worth $175,432,000 after buying an additional 777,840 shares during the last quarter. Norges Bank bought a new position in Ryder System during the fourth quarter worth $38,789,000. Finally, Strs Ohio bought a new position in Ryder System during the third quarter worth $23,082,000. 90.68% of the stock is currently owned by hedge funds and other institutional investors.
About Ryder System
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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