Ryder System, Inc. (NYSE:R) – Equities research analysts at Seaport Global Securities lowered their FY2017 earnings estimates for shares of Ryder System in a report issued on Wednesday, Zacks Investment Research reports. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will post earnings per share of $4.47 for the year, down from their prior estimate of $4.53. Seaport Global Securities also issued estimates for Ryder System’s Q4 2017 earnings at $1.31 EPS, Q1 2018 earnings at $0.93 EPS and Q4 2018 earnings at $1.53 EPS.
R has been the subject of several other reports. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut Ryder System from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. KeyCorp upgraded Ryder System from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, September 13th. Robert W. Baird reiterated an “outperform” rating and issued a $98.00 target price (up from $84.00) on shares of Ryder System in a research report on Monday, October 2nd. Finally, BidaskClub raised Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ryder System presently has a consensus rating of “Buy” and an average target price of $85.00.
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Shares of Ryder System (NYSE:R) traded up $0.01 during trading hours on Friday, reaching $78.92. The company’s stock had a trading volume of 386,600 shares, compared to its average volume of 720,028. The company has a market cap of $4,178.10, a PE ratio of 18.70, a P/E/G ratio of 1.17 and a beta of 1.51. Ryder System has a 12-month low of $62.52 and a 12-month high of $85.50. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96.
Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. Ryder System’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.67 earnings per share.
Several hedge funds have recently added to or reduced their stakes in R. Schroder Investment Management Group boosted its holdings in shares of Ryder System by 22.6% in the third quarter. Schroder Investment Management Group now owns 1,073,478 shares of the transportation company’s stock worth $90,182,000 after buying an additional 198,098 shares during the period. Trexquant Investment LP raised its position in shares of Ryder System by 150.6% in the third quarter. Trexquant Investment LP now owns 7,018 shares of the transportation company’s stock valued at $593,000 after purchasing an additional 4,218 shares during the period. Legal & General Group Plc raised its position in shares of Ryder System by 5.0% in the third quarter. Legal & General Group Plc now owns 93,851 shares of the transportation company’s stock valued at $7,934,000 after purchasing an additional 4,470 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Ryder System by 38.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 10,000 shares of the transportation company’s stock valued at $846,000 after purchasing an additional 2,800 shares during the period. Finally, Rothschild Asset Management Inc. grew its stake in shares of Ryder System by 10.0% in the third quarter. Rothschild Asset Management Inc. now owns 305,298 shares of the transportation company’s stock worth $25,813,000 after acquiring an additional 27,634 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.
In other Ryder System news, CMO Karen M. Jones sold 4,790 shares of Ryder System stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $81.78, for a total value of $391,726.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dennis C. Cooke sold 32,328 shares of Ryder System stock in a transaction 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. Over the last three months, insiders have sold 41,620 shares of company stock worth $3,353,856. Corporate insiders own 1.95% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Friday, November 17th. Ryder System’s payout ratio is 49.86%.
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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