Ryder System, Inc. (R) Updates Q4 Earnings Guidance
Ryder System, Inc. (NYSE:R) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.31-1.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.33.
Shares of Ryder System, Inc. (NYSE R) opened at 82.94 on Tuesday. The company’s 50 day moving average is $81.72 and its 200 day moving average is $73.59. The company has a market capitalization of $4.39 billion, a P/E ratio of 19.97 and a beta of 1.40. Ryder System, Inc. has a 12-month low of $62.03 and a 12-month high of $85.50.
Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 EPS 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 firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the business posted $1.56 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts expect that Ryder System, Inc. will post $4.45 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.22%. Ryder System’s payout ratio is presently 44.12%.
A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Ryder System from a hold rating to a buy rating in a research report on Tuesday, June 27th. Robert W. Baird reissued an outperform rating and issued a $98.00 target price (up previously from $84.00) on shares of Ryder System in a research report on Monday, October 2nd. KeyCorp raised shares of Ryder System from a sector weight rating to an overweight rating in a research report on Wednesday, September 13th. BidaskClub raised shares of Ryder System from a hold rating to a buy rating in a research report on Wednesday, June 28th. Finally, Buckingham Research assumed coverage on shares of Ryder System in a research report on Monday, August 21st. They issued a buy rating and a $85.00 target price for the company. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ryder System presently has a consensus rating of Buy and a consensus price target of $83.86.
In related news, insider John S. Sensing sold 4,502 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $73.01, for a total value of $328,691.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dennis C. Cooke sold 9,650 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the completion of the transaction, the insider now directly owns 2,883 shares of the company’s stock, valued at approximately $209,738.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,427 shares of company stock valued at $2,933,827. 1.95% of the stock is owned by insiders.
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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.
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