Equities analysts expect Ryder System, Inc. (NYSE:R) to announce sales of $1.83 billion for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Ryder System’s earnings. The highest sales estimate is $1.88 billion and the lowest is $1.81 billion. Ryder System posted sales of $1.73 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.8%. The company is scheduled to report its next quarterly earnings results before the market opens on Friday, February 16th.
According to Zacks, analysts expect that Ryder System will report full year sales of $1.83 billion for the current fiscal year, with estimates ranging from $7.20 billion to $7.27 billion. For the next year, analysts anticipate that the business will report sales of $7.54 billion per share, with estimates ranging from $7.44 billion to $7.80 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Ryder System.
Ryder System (NYSE:R) last announced 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. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm earned $1.67 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis.
Shares of Ryder System (NYSE:R) opened at $88.82 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 2.39. The stock has a market cap of $4,702.84, a P/E ratio of 21.05, a P/E/G ratio of 1.05 and a beta of 1.52. Ryder System has a 52-week low of $62.52 and a 52-week high of $90.02.
Ryder System announced that its board has initiated a stock buyback program on Thursday, December 14th that permits the company to buyback 1,500,000 outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
In other Ryder System news, EVP John J. Gleason sold 8,760 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $78.30, for a total value of $685,908.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dennis C. Cooke sold 32,328 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $81.46, for a total transaction of $2,633,438.88. The disclosure for this sale can be found here. Insiders sold 63,633 shares of company stock worth $5,174,795 in the last 90 days. Company insiders own 1.95% of the company’s stock.
Institutional investors have recently modified their holdings of the business. BlueMountain Capital Management LLC acquired a new stake in Ryder System in the second quarter valued at approximately $109,000. Petrus Trust Company LTA acquired a new position in shares of Ryder System during the second quarter worth $214,000. King Luther Capital Management Corp acquired a new position in shares of Ryder System during the third quarter worth $221,000. Boothbay Fund Management LLC acquired a new position in shares of Ryder System during the third quarter worth $231,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Ryder System during the fourth quarter worth $260,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.
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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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