Wall Street brokerages expect that Ryder (NYSE:R) will post earnings of $0.88 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Ryder’s earnings. The lowest EPS estimate is $0.86 and the highest is $0.90. Ryder reported earnings per share of $0.82 in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The company is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, April 24th.
According to Zacks, analysts expect that Ryder will report full-year earnings of $5.59 per share for the current fiscal year, with EPS estimates ranging from $5.50 to $5.70. For the next financial year, analysts anticipate that the company will report earnings of $6.41 per share, with EPS estimates ranging from $5.80 to $6.75. Zacks’ EPS calculations are an average based on a survey of research firms that cover Ryder.
Ryder (NYSE:R) last released its quarterly earnings results on Friday, February 16th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.01. Ryder had a net margin of 10.78% and a return on equity of 10.47%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company earned $1.07 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis.
R has been the topic of several analyst reports. JPMorgan Chase reaffirmed a “neutral” rating and issued a $73.00 price target (down from $94.00) on shares of Ryder in a report on Tuesday, February 20th. Zacks Investment Research raised shares of Ryder from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Monday, January 15th. Buckingham Research reissued a “buy” rating and set a $90.00 price objective (down from $101.00) on shares of Ryder in a report on Tuesday, February 20th. KeyCorp reissued an “overweight” rating and set a $95.00 price objective (down from $100.00) on shares of Ryder in a report on Tuesday, February 20th. Finally, Seaport Global Securities reissued a “hold” rating on shares of Ryder in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Ryder has a consensus rating of “Hold” and a consensus price target of $86.33.
NYSE R traded down $1.26 on Friday, hitting $75.09. The stock had a trading volume of 349,220 shares, compared to its average volume of 570,628. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.62. Ryder has a 52-week low of $62.52 and a 52-week high of $90.26. The firm has a market capitalization of $3,936.76, a P/E ratio of 16.80, a P/E/G ratio of 0.89 and a beta of 1.47.
A number of hedge funds and other institutional investors have recently bought and sold shares of R. BlackRock Inc. lifted its position in Ryder by 17.1% during the fourth quarter. BlackRock Inc. now owns 5,870,993 shares of the transportation company’s stock valued at $494,161,000 after purchasing an additional 855,742 shares during the period. Pzena Investment Management LLC lifted its position in Ryder by 145.2% during the fourth quarter. Pzena Investment Management LLC now owns 1,380,890 shares of the transportation company’s stock valued at $116,230,000 after purchasing an additional 817,610 shares during the period. Millennium Management LLC lifted its position in Ryder by 102.3% during the fourth quarter. Millennium Management LLC now owns 567,901 shares of the transportation company’s stock valued at $47,800,000 after purchasing an additional 287,241 shares during the period. Jane Street Group LLC lifted its position in Ryder by 101.9% during the third quarter. Jane Street Group LLC now owns 3,477 shares of the transportation company’s stock valued at $294,000 after purchasing an additional 188,010 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Ryder by 100.2% during the fourth quarter. Renaissance Technologies LLC now owns 353,200 shares of the transportation company’s stock valued at $29,729,000 after purchasing an additional 176,800 shares during the period. Institutional investors own 93.35% of the company’s stock.
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Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.
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