Headlines about Ryder System (NYSE:R) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ryder System earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 44.8253537443799 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern’s rankings:
Several brokerages have issued reports on R. Stifel Nicolaus lowered their target price on Ryder System from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Wednesday, April 25th. ValuEngine lowered Ryder System from a “hold” rating to a “sell” rating in a research note on Wednesday, June 6th. Robert W. Baird lowered their target price on Ryder System from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 25th. KeyCorp lowered their target price on Ryder System from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 22nd. Finally, Goldman Sachs Group began coverage on Ryder System in a research note on Tuesday, April 10th. They issued a “neutral” rating and a $73.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Ryder System has a consensus rating of “Hold” and an average price target of $84.13.
NYSE:R opened at $71.17 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.68 and a current ratio of 0.72. Ryder System has a 52-week low of $65.65 and a 52-week high of $90.26. The firm has a market cap of $3.78 billion, a P/E ratio of 15.71, a P/E/G ratio of 0.84 and a beta of 1.46.
Ryder System (NYSE:R) last released its quarterly earnings data on Tuesday, April 24th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ryder System had a return on equity of 9.82% and a net margin of 10.50%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. research analysts forecast that Ryder System will post 5.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Monday, May 21st were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 18th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.92%. Ryder System’s payout ratio is 45.92%.
In related news, Director E Follin Smith sold 988 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 28,698 shares in the company, valued at $1,963,230.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Luis P. Nieto, Jr. sold 1,990 shares of the business’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $67.93, for a total value of $135,180.70. The disclosure for this sale can be found here. Insiders own 2.27% of the company’s stock.
About Ryder System
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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