Ryder System, Inc. (R) Set to Announce Quarterly Earnings on Tuesday
Ryder System, Inc. (NYSE:R) is set to issue its quarterly earnings data before the market opens on Tuesday, October 24th. Analysts expect the company to announce earnings of $1.32 per share for the quarter. Ryder System has set its FY17 guidance at $4.38-4.58 EPS.
Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.07. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.56 earnings per share. On average, analysts expect Ryder System to post $4.44 EPS for the current fiscal year and $5.27 EPS for the next fiscal year.
Ryder System, Inc. (R) opened at 79.61 on Tuesday. Ryder System, Inc. has a 12-month low of $62.03 and a 12-month high of $85.50. The company has a 50-day moving average price of $81.08 and a 200 day moving average price of $73.30. The company has a market cap of $4.22 billion, a PE ratio of 19.17 and a beta of 1.40.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be issued a $0.46 dividend. The ex-dividend date is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a yield of 2.31%. Ryder System’s payout ratio is presently 44.12%.
R has been the subject of a number of recent research reports. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. KeyCorp upgraded Ryder System from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, September 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 price target on shares of Ryder System in a research report on Tuesday, September 5th. Finally, Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Friday, July 7th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $83.86.
In related news, insider John S. Sensing sold 4,502 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $73.01, for a total transaction of $328,691.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert E. Sanchez sold 26,275 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $72.43, for a total value of $1,903,098.25. Following the sale, the chief executive officer now owns 107,237 shares in the company, valued at approximately $7,767,175.91. The disclosure for this sale can be found here. Insiders sold a total of 40,427 shares of company stock worth $2,933,827 in the last quarter. Corporate insiders own 1.95% of the company’s stock.
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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