Ryder System (NYSE:R) will post its quarterly earnings results before the market opens on Friday, February 16th. Analysts expect Ryder System to post earnings of $1.36 per share for the quarter.
Shares of Ryder System (NYSE R) traded up $0.95 on Tuesday, reaching $83.44. The company’s stock had a trading volume of 529,413 shares, compared to its average volume of 482,907. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 2.39. Ryder System has a 52-week low of $62.52 and a 52-week high of $90.26. The company has a market cap of $4,271.29, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 0.92 and a beta of 1.41.
Ryder System declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 14th that allows the company to repurchase 1,500,000 shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
A number of research firms have recently weighed in on R. Stifel Nicolaus restated a “hold” rating and set a $86.00 target price on shares of Ryder System in a research report on Thursday, January 18th. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Monday, January 15th. ValuEngine downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Buckingham Research boosted their target price on Ryder System from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $88.71.
In related news, EVP John J. Gleason sold 8,760 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $78.30, for a total value of $685,908.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert D. Fatovic sold 17,755 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $82.44, for a total value of $1,463,722.20. The disclosure for this sale can be found here. Insiders own 1.95% of the company’s stock.
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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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