Analysts expect Ryder System, Inc. (NYSE:R) to post $1.86 billion in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Ryder System’s earnings. The highest sales estimate is $1.92 billion and the lowest is $1.80 billion. Ryder System reported sales of $1.75 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The firm is expected to issue its next earnings results before the market opens on Tuesday, April 24th.
On average, analysts expect that Ryder System will report full year sales of $1.86 billion for the current financial year, with estimates ranging from $7.77 billion to $7.90 billion. For the next financial year, analysts forecast that the company will report sales of $8.16 billion per share, with estimates ranging from $7.89 billion to $8.30 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Ryder System.
Ryder System (NYSE:R) last posted its quarterly earnings data on Friday, February 16th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.01. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.84 billion. Ryder System had a return on equity of 10.47% and a net margin of 10.78%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company earned $1.07 EPS.
Several equities research analysts have recently issued reports on R shares. Zacks Investment Research lowered Ryder System from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Ryder System in a research note on Thursday, January 18th. KeyCorp reissued an “overweight” rating and set a $95.00 price target (down from $100.00) on shares of Ryder System in a research note on Tuesday, February 20th. JPMorgan Chase reissued a “neutral” rating and set a $73.00 price target (down from $94.00) on shares of Ryder System in a research note on Tuesday, February 20th. Finally, Buckingham Research reissued a “buy” rating and set a $90.00 price target (down from $101.00) on shares of Ryder System in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $88.00.
Shares of NYSE:R traded down $2.85 during trading on Friday, hitting $69.93. The company had a trading volume of 582,317 shares, compared to its average volume of 588,644. The firm has a market capitalization of $3,866.83, a price-to-earnings ratio of 15.34, a PEG ratio of 0.87 and a beta of 1.47. Ryder System has a one year low of $62.52 and a one year high of $90.26. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.66 and a quick ratio of 0.62.
Ryder System announced that its Board of Directors has initiated a share buyback program on Thursday, December 14th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Tuesday, February 20th were paid a dividend of $0.52 per share. This is a positive change from Ryder System’s previous quarterly dividend of $0.46. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is currently 45.92%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its position in Ryder System by 12.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,929 shares of the transportation company’s stock valued at $667,000 after purchasing an additional 898 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in Ryder System during the 4th quarter valued at $331,000. MetLife Investment Advisors LLC bought a new stake in Ryder System during the 4th quarter valued at $2,820,000. Vident Investment Advisory LLC raised its position in Ryder System by 13.1% during the 4th quarter. Vident Investment Advisory LLC now owns 39,751 shares of the transportation company’s stock valued at $3,346,000 after purchasing an additional 4,613 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Ryder System by 61.6% during the 4th quarter. Jane Street Group LLC now owns 5,619 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 2,142 shares in the last quarter. 93.35% of the stock is owned by institutional investors and hedge funds.
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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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