Ryder System, Inc. (R) Releases FY17 Earnings Guidance
Ryder System, Inc. (NYSE:R) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.38-4.58 for the period, compared to the Thomson Reuters consensus estimate of $4.39.
Shares of Ryder System, Inc. (R) opened at 73.54 on Wednesday. Ryder System, Inc. has a 52-week low of $62.03 and a 52-week high of $85.42. The company has a 50-day moving average of $70.21 and a 200 day moving average of $72.44. The company has a market capitalization of $3.94 billion, a PE ratio of 16.10 and a beta of 1.39.
Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.06. Ryder System had a net margin of 3.55% and a return on equity of 13.27%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the company posted $1.56 earnings per share. Ryder System’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts predict that Ryder System, Inc. will post $4.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, August 17th. This is a boost from Ryder System’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 2.50%. Ryder System’s dividend payout ratio is 38.34%.
R has been the subject of a number of research reports. Zacks Investment Research cut shares of Ryder System from a hold rating to a strong sell rating in a report on Friday, April 28th. Seaport Global Securities initiated coverage on shares of Ryder System in a report on Friday, April 21st. They issued a neutral rating for the company. Stephens cut shares of Ryder System from an overweight rating to an equal weight rating and reduced their price target for the stock from $81.00 to $71.00 in a report on Wednesday, April 26th. BidaskClub upgraded shares of Ryder System from a buy rating to a strong-buy rating in a report on Tuesday, July 11th. Finally, ValuEngine upgraded shares of Ryder System from a hold rating to a buy rating in a report on Tuesday, June 27th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $77.00.
COPYRIGHT VIOLATION WARNING: “Ryder System, Inc. (R) Releases FY17 Earnings Guidance” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/07/26/ryder-system-inc-r-releases-fy17-earnings-guidance.html.
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.
Receive News & Ratings for Ryder System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System Inc. and related companies with MarketBeat.com's FREE daily email newsletter.