Analysts expect Ryder System, Inc. (NYSE:R) to post $2.36 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Ryder System’s earnings. The highest sales estimate is $2.42 billion and the lowest is $2.26 billion. Ryder System posted sales of $2.15 billion during the same quarter last year, which suggests a positive year over year growth rate of 9.8%. The company is scheduled to report its next earnings results on Wednesday, October 27th.
On average, analysts expect that Ryder System will report full year sales of $9.34 billion for the current financial year, with estimates ranging from $9.13 billion to $9.47 billion. For the next fiscal year, analysts anticipate that the business will post sales of $9.81 billion, with estimates ranging from $9.65 billion to $9.99 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Ryder System.
Ryder System (NYSE:R) last posted its earnings results on Wednesday, July 28th. The transportation company reported $2.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $1.07. Ryder System had a return on equity of 12.96% and a net margin of 2.91%. The firm had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.22 billion.
In other Ryder System news, SVP Rajeev Ravindran sold 2,000 shares of the company’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $81.40, for a total transaction of $162,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in R. BlackRock Inc. lifted its holdings in shares of Ryder System by 14.0% during the 2nd quarter. BlackRock Inc. now owns 7,121,362 shares of the transportation company’s stock valued at $529,330,000 after purchasing an additional 876,994 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Ryder System by 2.1% during the second quarter. Vanguard Group Inc. now owns 5,249,733 shares of the transportation company’s stock worth $390,213,000 after acquiring an additional 108,782 shares during the last quarter. FMR LLC increased its holdings in shares of Ryder System by 12.5% during the second quarter. FMR LLC now owns 2,740,351 shares of the transportation company’s stock valued at $203,690,000 after acquiring an additional 303,465 shares in the last quarter. Earnest Partners LLC raised its position in shares of Ryder System by 5.7% in the 1st quarter. Earnest Partners LLC now owns 2,730,458 shares of the transportation company’s stock valued at $206,559,000 after purchasing an additional 148,123 shares during the last quarter. Finally, State Street Corp boosted its stake in Ryder System by 2.3% in the 2nd quarter. State Street Corp now owns 1,630,800 shares of the transportation company’s stock worth $121,217,000 after purchasing an additional 36,871 shares in the last quarter. 87.01% of the stock is currently owned by institutional investors and hedge funds.
Ryder System stock traded up $2.48 during trading hours on Friday, hitting $81.55. 9,799 shares of the stock traded hands, compared to its average volume of 522,350. Ryder System has a one year low of $40.32 and a one year high of $89.65. The firm’s 50-day moving average price is $76.19 and its two-hundred day moving average price is $77.10. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The company has a market cap of $4.39 billion, a PE ratio of 16.53 and a beta of 1.98.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 17th. Stockholders of record on Monday, August 23rd will be given a dividend of $0.58 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, August 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.84%. Ryder System’s dividend payout ratio is presently -859.26%.
About Ryder System
Ryder System, Inc engages in the provision of transportation and supply chain management solutions. It operates through the following segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), Dedicated Transportation Solutions (DTS), and Central Support Services (CSS). The FMS segment offers full service leasing and leasing with flexible maintenance options, commercial rental, and contract or transactional maintenance services of trucks, tractors, and trailers.
Read More: The risks of owning bonds
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.