Ryder System, Inc. (NYSE:R) – Investment analysts at KeyCorp issued their FY2019 earnings per share estimates for shares of Ryder System in a research report issued to clients and investors on Wednesday. KeyCorp analyst T. Fowler anticipates that the transportation company will post earnings per share of $6.00 for the year. KeyCorp currently has a “Overweight” rating on the stock.
Ryder System (NYSE:R) last posted its earnings results on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.04. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.80 billion. Ryder System had a return on equity of 11.00% and a net margin of 3.19%. Ryder System’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $1.67 EPS.
Ryder System (NYSE:R) traded up $1.58 during mid-day trading on Friday, reaching $82.06. The company had a trading volume of 486,500 shares, compared to its average volume of 708,982. Ryder System has a 12-month low of $62.52 and a 12-month high of $85.50. The firm has a market cap of $4,261.23, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.19 and a beta of 1.51. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96.
Several institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its stake in shares of Ryder System by 18.6% in the third quarter. GSA Capital Partners LLP now owns 15,529 shares of the transportation company’s stock valued at $1,313,000 after buying an additional 2,430 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Ryder System by 4.8% in the third quarter. Neuberger Berman Group LLC now owns 448,317 shares of the transportation company’s stock valued at $37,905,000 after buying an additional 20,597 shares during the period. California Public Employees Retirement System boosted its stake in shares of Ryder System by 3.0% in the third quarter. California Public Employees Retirement System now owns 142,598 shares of the transportation company’s stock valued at $12,057,000 after buying an additional 4,098 shares during the period. Virtu Financial LLC bought a new stake in shares of Ryder System in the third quarter valued at approximately $310,000. Finally, Janney Capital Management LLC bought a new stake in shares of Ryder System in the third quarter valued at approximately $268,000. 89.41% of the stock is currently owned by institutional investors.
In other Ryder System news, EVP Robert D. Fatovic sold 17,755 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $82.44, for a total transaction of $1,463,722.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dennis C. Cooke sold 32,328 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total value of $2,633,438.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,633 shares of company stock worth $5,174,795. Corporate insiders own 1.95% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend yield of 2.24%. Ryder System’s dividend payout ratio (DPR) is 49.86%.
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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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