Ryder System, Inc. (NYSE:R) Expected to Post Earnings of $1.28 Per Share
Equities research analysts forecast that Ryder System, Inc. (NYSE:R) will report $1.28 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Ryder System’s earnings. The highest EPS estimate is $1.34 and the lowest is $1.17. Ryder System posted earnings of $1.67 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 23.4%. The firm is scheduled to report its next quarterly earnings results on Tuesday, October 24th.
On average, analysts expect that Ryder System will report full-year earnings of $4.41 per share for the current fiscal year, with EPS estimates ranging from $4.20 to $4.53. For the next year, analysts forecast that the firm will report earnings of $5.12 per share, with EPS estimates ranging from $4.77 to $5.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Ryder System.
Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.07. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the company posted $1.56 EPS. The company’s revenue was up 5.3% on a year-over-year basis.
R has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Ryder System from a “hold” rating to a “strong sell” rating in a report on Friday, April 28th. BidaskClub lowered shares of Ryder System from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Seaport Global Securities initiated coverage on shares of Ryder System in a report on Friday, April 21st. They set a “neutral” rating on the stock. Stephens lowered shares of Ryder System from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $81.00 to $71.00 in a report on Wednesday, April 26th. Finally, ValuEngine upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Ryder System has an average rating of “Hold” and an average target price of $77.00.
In other Ryder System news, insider Dennis C. Cooke sold 9,650 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the transaction, the insider now owns 2,883 shares in the company, valued at approximately $209,738.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.95% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA raised its position in Ryder System by 6,662.8% in the second quarter. Federated Investors Inc. PA now owns 40,374 shares of the transportation company’s stock valued at $2,906,000 after buying an additional 39,777 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new stake in Ryder System during the second quarter valued at approximately $1,080,000. Marshall Wace LLP acquired a new stake in Ryder System during the second quarter valued at approximately $886,000. Marshall Wace North America L.P. acquired a new stake in Ryder System during the second quarter valued at approximately $1,324,000. Finally, Deprince Race & Zollo Inc. increased its stake in Ryder System by 23.3% in the second quarter. Deprince Race & Zollo Inc. now owns 698,641 shares of the transportation company’s stock valued at $50,288,000 after buying an additional 132,044 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.
Ryder System (R) opened at 73.32 on Tuesday. The stock has a market capitalization of $3.88 billion, a PE ratio of 17.65 and a beta of 1.39. Ryder System has a 52 week low of $62.03 and a 52 week high of $85.42. The stock’s 50 day moving average is $71.44 and its 200-day moving average is $72.31.
The company 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 is Thursday, August 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.51%. This is a positive change from Ryder System’s previous quarterly dividend of $0.44. Ryder System’s payout ratio is currently 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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