Ryder System, Inc. (R) Expected to Post Earnings of $1.35 Per Share
Brokerages forecast that Ryder System, Inc. (NYSE:R) will announce earnings of $1.35 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Ryder System’s earnings. The highest EPS estimate is $1.40 and the lowest is $1.28. Ryder System reported earnings per share of $1.07 during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.2%. The company is expected to issue its next quarterly earnings report on Thursday, February 1st.
According to Zacks, analysts expect that Ryder System will report full-year earnings of $4.51 per share for the current year, with EPS estimates ranging from $4.42 to $4.56. For the next year, analysts anticipate that the business will report earnings of $5.27 per share, with EPS estimates ranging from $5.00 to $5.49. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Ryder System.
Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.04. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.80 billion. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS.
In related news, EVP John J. Gleason sold 8,760 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $78.30, for a total value of $685,908.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dennis C. Cooke sold 32,328 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total transaction of $2,633,438.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,633 shares of company stock valued at $5,174,795. 1.95% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in R. BlueMountain Capital Management LLC bought a new position in Ryder System in the 2nd quarter valued at $109,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ryder System by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 156 shares during the period. Edmond DE Rothschild Holding S.A. boosted its holdings in Ryder System by 94.7% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 1,240 shares during the period. Trexquant Investment LP bought a new position in Ryder System in the 2nd quarter valued at $202,000. Finally, Petrus Trust Company LTA bought a new position in Ryder System in the 2nd quarter valued at $214,000. 89.41% of the stock is owned by institutional investors.
Ryder System (NYSE R) traded up $0.49 during trading hours on Friday, reaching $81.56. 699,517 shares of the company’s stock traded hands, compared to its average volume of 522,532. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 1.02. The stock has a market cap of $4,292.47, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51. Ryder System has a 52-week low of $62.52 and a 52-week high of $85.50.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, November 20th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Friday, November 17th. Ryder System’s dividend payout ratio is currently 49.86%.
Ryder System declared that its board has approved a stock buyback program on Thursday, December 14th that allows the company to repurchase 1,500,000 shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
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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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