Ryder System, Inc. (NYSE:R) issued its quarterly earnings results on Wednesday. The transportation company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.95 by $0.05, MarketWatch Earnings reports. Ryder System had a net margin of 3.55% and a return on equity of 13.27%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the business earned $1.56 earnings per share. Ryder System’s revenue for the quarter was up 5.3% compared to the same quarter last year. Ryder System updated its FY17 guidance to $4.38-4.58 EPS.

Shares of Ryder System (NYSE R) traded up 3.94% on Wednesday, hitting $76.44. The stock had a trading volume of 1,067,576 shares. Ryder System has a 52 week low of $62.03 and a 52 week high of $85.42. The company has a market cap of $4.09 billion, a PE ratio of 16.73 and a beta of 1.39. The stock’s 50-day moving average price is $70.21 and its 200 day moving average price is $72.44.

The firm 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. The ex-dividend date of this dividend is Thursday, August 17th. This is a positive change 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 2.50%. Ryder System’s payout ratio is 38.34%.

Several research firms have issued reports on R. Stephens downgraded Ryder System from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $81.00 to $71.00 in a report on Wednesday, April 26th. Zacks Investment Research cut Ryder System from a “hold” rating to a “strong sell” rating in a research note on Friday, April 28th. BidaskClub raised Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Seaport Global Securities began coverage on Ryder System in a research note on Friday, April 21st. They set a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $77.00.

Several hedge funds and other institutional investors have recently modified their holdings of R. Clear Investment Research LLC acquired a new position in shares of Ryder System during the second quarter valued at approximately $190,000. Boston Advisors LLC increased its position in shares of Ryder System by 212.6% in the second quarter. Boston Advisors LLC now owns 9,285 shares of the transportation company’s stock valued at $668,000 after buying an additional 6,315 shares in the last quarter. ING Groep NV increased its position in shares of Ryder System by 138.7% in the second quarter. ING Groep NV now owns 6,516 shares of the transportation company’s stock valued at $469,000 after buying an additional 3,786 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Ryder System by 16.6% in the second quarter. Russell Investments Group Ltd. now owns 101,937 shares of the transportation company’s stock valued at $7,339,000 after buying an additional 14,535 shares in the last quarter. Finally, Breton Hill Capital Ltd. increased its position in shares of Ryder System by 127.5% in the second quarter. Breton Hill Capital Ltd. now owns 8,419 shares of the transportation company’s stock valued at $606,000 after buying an additional 4,719 shares in the last quarter. Institutional investors own 93.24% of the company’s stock.

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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.

Earnings History for Ryder System (NYSE:R)

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