Equities analysts expect Ryder System, Inc. (NYSE:R) to post sales of $2.17 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Ryder System’s earnings, with the lowest sales estimate coming in at $2.10 billion and the highest estimate coming in at $2.25 billion. Ryder System reported sales of $1.94 billion during the same quarter last year, which would suggest a positive year over year growth rate of 11.9%. The firm is scheduled to report its next earnings report on Friday, February 15th.
On average, analysts expect that Ryder System will report full year sales of $8.31 billion for the current year, with estimates ranging from $8.24 billion to $8.40 billion. For the next year, analysts expect that the company will post sales of $8.82 billion, with estimates ranging from $8.66 billion to $9.02 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Ryder System.
Ryder System (NYSE:R) last released its quarterly earnings results on Friday, October 26th. The transportation company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.01). Ryder System had a net margin of 9.98% and a return on equity of 9.88%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the company earned $1.33 earnings per share. Ryder System’s revenue for the quarter was up 17.2% compared to the same quarter last year.
A number of equities analysts have issued reports on R shares. Buckingham Research reduced their price objective on shares of Ryder System from $91.00 to $89.00 and set a “buy” rating on the stock in a research note on Friday, October 12th. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Thursday, August 2nd. Deutsche Bank started coverage on shares of Ryder System in a research note on Tuesday, September 4th. They issued a “buy” rating and a $88.00 price objective on the stock. Mizuho reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Ryder System in a research note on Thursday, July 26th. Finally, Loop Capital raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $79.82.
In related news, insider John J. Diez sold 6,520 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $79.44, for a total transaction of $517,948.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David G. Nord acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The shares were bought at an average price of $57.24 per share, for a total transaction of $114,480.00. Following the completion of the acquisition, the director now owns 3,990 shares of the company’s stock, valued at $228,387.60. The disclosure for this purchase can be found here. Company insiders own 2.27% of the company’s stock.
Large investors have recently modified their holdings of the stock. Spark Investment Management LLC increased its stake in Ryder System by 19.4% in the 2nd quarter. Spark Investment Management LLC now owns 4,000 shares of the transportation company’s stock valued at $287,000 after buying an additional 650 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Ryder System by 16.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,395 shares of the transportation company’s stock valued at $460,000 after buying an additional 899 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in Ryder System by 14.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 7,030 shares of the transportation company’s stock valued at $505,000 after buying an additional 900 shares during the last quarter. Intrust Bank NA increased its stake in Ryder System by 16.0% in the 2nd quarter. Intrust Bank NA now owns 7,352 shares of the transportation company’s stock valued at $529,000 after buying an additional 1,015 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Ryder System by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 36,863 shares of the transportation company’s stock valued at $2,649,000 after buying an additional 1,053 shares during the last quarter. Institutional investors and hedge funds own 89.63% of the company’s stock.
Shares of R traded down $0.98 during mid-day trading on Friday, hitting $53.83. 379,209 shares of the company traded hands, compared to its average volume of 816,792. Ryder System has a one year low of $53.97 and a one year high of $90.26. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.67 and a quick ratio of 0.64. The stock has a market capitalization of $2.91 billion, a P/E ratio of 11.88 and a beta of 1.63.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Monday, November 19th will be issued a $0.54 dividend. The ex-dividend date is Friday, November 16th. This represents a $2.16 annualized dividend and a yield of 4.01%. Ryder System’s dividend payout ratio (DPR) is presently 47.68%.
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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