Brokers Offer Predictions for Ryder System, Inc.’s Q3 2017 Earnings (NYSE:R)
Ryder System, Inc. (NYSE:R) – Research analysts at KeyCorp lowered their Q3 2017 earnings per share estimates for Ryder System in a research note issued to investors on Wednesday. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings per share of $1.30 for the quarter, down from their previous estimate of $1.31. KeyCorp also issued estimates for Ryder System’s FY2017 earnings at $4.50 EPS and FY2018 earnings at $5.10 EPS.
Ryder System (NYSE:R) last posted its earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.76 billion. Ryder System had a return on equity of 11.63% and a net margin of 3.17%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 EPS. WARNING: “Brokers Offer Predictions for Ryder System, Inc.’s Q3 2017 Earnings (NYSE:R)” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/28/brokers-offer-predictions-for-ryder-system-inc-s-q3-2017-earnings-nyser.html.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Ryder System from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Seaport Global Securities assumed coverage on Ryder System in a report on Friday, April 21st. They set a “neutral” rating on the stock. BidaskClub upgraded Ryder System from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Stephens downgraded Ryder System from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $81.00 to $71.00 in a report on Wednesday, April 26th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $77.00.
Ryder System (R) traded down 0.48% on Friday, hitting $72.82. The stock had a trading volume of 88,024 shares. The company has a 50-day moving average of $70.89 and a 200 day moving average of $72.46. The company has a market cap of $3.90 billion, a PE ratio of 15.94 and a beta of 1.39. Ryder System has a 12 month low of $62.03 and a 12 month high of $85.42.
A number of large investors have recently modified their holdings of R. Mason Street Advisors LLC increased its stake in shares of Ryder System by 1.0% in the first quarter. Mason Street Advisors LLC now owns 7,389 shares of the transportation company’s stock valued at $557,000 after buying an additional 75 shares during the period. Intrust Bank NA increased its stake in shares of Ryder System by 1.5% in the first quarter. Intrust Bank NA now owns 6,435 shares of the transportation company’s stock valued at $486,000 after buying an additional 95 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Ryder System by 0.7% in the first quarter. Thrivent Financial For Lutherans now owns 18,750 shares of the transportation company’s stock valued at $1,415,000 after buying an additional 130 shares during the period. Amalgamated Bank increased its stake in shares of Ryder System by 2.5% in the first quarter. Amalgamated Bank now owns 8,531 shares of the transportation company’s stock valued at $644,000 after buying an additional 211 shares during the period. Finally, Norinchukin Bank The increased its stake in shares of Ryder System by 7.1% in the first quarter. Norinchukin Bank The now owns 3,475 shares of the transportation company’s stock valued at $262,000 after buying an additional 231 shares during the period. Institutional investors own 93.24% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 21st will be issued a dividend of $0.46 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.84 annualized dividend and a yield of 2.51%. Ryder System’s dividend payout ratio is 42.21%.
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.
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