Wall Street analysts forecast that Ryder (NYSE:R) will report $1.98 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Ryder’s earnings. The highest sales estimate is $2.02 billion and the lowest is $1.94 billion. Ryder posted sales of $1.79 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.6%. The firm is expected to issue its next earnings results on Wednesday, July 25th.
According to Zacks, analysts expect that Ryder will report full year sales of $8.06 billion for the current year, with estimates ranging from $7.93 billion to $8.18 billion. For the next financial year, analysts forecast that the business will report sales of $8.50 billion per share, with estimates ranging from $8.23 billion to $8.68 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Ryder.
Ryder (NYSE:R) last posted its quarterly earnings results on Tuesday, April 24th. The transportation company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. Ryder had a net margin of 10.50% and a return on equity of 9.82%. Ryder’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share.
A number of research firms have weighed in on R. Stifel Nicolaus cut their price target on shares of Ryder from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Wednesday, April 25th. Robert W. Baird cut their price target on shares of Ryder from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 25th. Seaport Global Securities reaffirmed a “hold” rating on shares of Ryder in a research note on Friday, February 23rd. KeyCorp reaffirmed an “overweight” rating and set a $95.00 price target (down previously from $100.00) on shares of Ryder in a research note on Tuesday, February 20th. Finally, Goldman Sachs Group began coverage on shares of Ryder in a research note on Tuesday, April 10th. They set a “neutral” rating and a $73.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $84.75.
Ryder traded down $0.51, reaching $69.16, during trading hours on Friday, MarketBeat reports. 321,578 shares of the company were exchanged, compared to its average volume of 598,580. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 1.75. The company has a market cap of $3.62 billion, a P/E ratio of 15.27, a P/E/G ratio of 0.81 and a beta of 1.49. Ryder has a 52-week low of $64.10 and a 52-week high of $90.26.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Monday, May 21st will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, May 18th. Ryder’s payout ratio is currently 45.92%.
In other news, Director Luis P. Nieto, Jr. sold 1,990 shares of the stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $67.93, for a total value of $135,180.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Follin Smith sold 988 shares of the stock in a transaction on Monday, May 7th. The stock was sold at an average price of $68.41, for a total transaction of $67,589.08. Following the completion of the sale, the director now directly owns 28,698 shares of the company’s stock, valued at approximately $1,963,230.18. The disclosure for this sale can be found here. 2.27% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AXA acquired a new stake in Ryder during the 4th quarter valued at $1,995,000. Cambridge Investment Research Advisors Inc. grew its holdings in Ryder 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. Teachers Advisors LLC grew its holdings in Ryder by 31.1% during the 4th quarter. Teachers Advisors LLC now owns 165,256 shares of the transportation company’s stock valued at $13,910,000 after purchasing an additional 39,236 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ryder by 46.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,854 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 901 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in Ryder during the 4th quarter valued at $2,820,000. 90.95% of the stock is owned by institutional investors and hedge funds.
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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