Ryder System (NYSE:R) issued an update on its first quarter earnings guidance on Friday morning. The company provided earnings per share guidance of 0.83-0.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.08. Ryder System also updated its FY18 guidance to $5.40-5.70 EPS.

Ryder System (NYSE R) opened at $76.43 on Friday. The stock has a market cap of $4,046.82, a PE ratio of 16.91, a P/E/G ratio of 0.87 and a beta of 1.41. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96. Ryder System has a 12-month low of $62.52 and a 12-month high of $90.26.

Ryder System (NYSE:R) last announced its earnings results on Friday, February 16th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.01. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.84 billion. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. Ryder System’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. equities analysts forecast that Ryder System will post 5.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Tuesday, February 20th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Friday, February 16th. This is a positive change from Ryder System’s previous quarterly dividend of $0.46. Ryder System’s dividend payout ratio is currently 12.36%.

Ryder System declared that its Board of Directors has initiated a share buyback plan on Thursday, December 14th that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Ryder System from a hold rating to a buy rating and set a $100.00 price objective for the company in a research report on Monday, January 15th. Buckingham Research raised their price objective on shares of Ryder System from $92.00 to $93.00 and gave the company a buy rating in a research report on Wednesday, October 25th. ValuEngine lowered shares of Ryder System from a buy rating to a hold rating in a research report on Friday, November 10th. Finally, Stifel Nicolaus restated a hold rating and set a $86.00 price objective on shares of Ryder System in a research report on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Ryder System currently has a consensus rating of Buy and a consensus target price of $88.71.

In other news, EVP Robert D. Fatovic sold 17,755 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $82.44, for a total transaction of $1,463,722.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.95% of the company’s stock.

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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.

Earnings History and Estimates for Ryder System (NYSE:R)

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