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.

A number of other equities research analysts have also recently weighed in on the company. ValuEngine cut Ryder System from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research raised Ryder System from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Tuesday, October 31st. Buckingham Research lifted their target price on Ryder System from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. J P Morgan Chase & Co lifted their target price on Ryder System from $69.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, Aegis reissued a “buy” rating and issued a $91.00 target price (up from $84.00) on shares of Ryder System in a research note on Tuesday, October 10th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $85.00.

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%.

ILLEGAL ACTIVITY NOTICE: This story was reported by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/12/08/ryder-system-inc-r-to-post-fy2019-earnings-of-6-00-per-share-keycorp-forecasts.html.

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.

Earnings History and Estimates for Ryder System (NYSE:R)

Receive News & Ratings for Ryder System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System Inc. and related companies with MarketBeat.com's FREE daily email newsletter.