Equities research analysts expect Ryder System, Inc. (NYSE:R) to post $1.81 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Ryder System’s earnings, with estimates ranging from $1.78 billion to $1.83 billion. Ryder System posted sales of $1.72 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The firm is expected to announce its next quarterly earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that Ryder System will report full-year sales of $1.81 billion for the current financial year, with estimates ranging from $7.11 billion to $7.26 billion. For the next financial year, analysts forecast that the firm will post sales of $7.51 billion per share, with estimates ranging from $7.32 billion to $7.97 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ryder System.
Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the firm earned $1.56 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year.
A number of analysts have recently weighed in on R shares. Stephens downgraded shares of Ryder System from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $81.00 to $71.00 in a research report on Wednesday, April 26th. Zacks Investment Research raised shares of Ryder System from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Seaport Global Securities initiated coverage on shares of Ryder System in a research report on Friday, April 21st. They issued a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.00.
In other Ryder System news, CEO Robert E. Sanchez sold 26,275 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the transaction, the chief executive officer now owns 107,237 shares in the company, valued at approximately $7,767,175.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dennis C. Cooke sold 9,650 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.75, for a total transaction of $702,037.50. Following the transaction, the insider now owns 2,883 shares in the company, valued at approximately $209,738.25. The disclosure for this sale can be found here. Corporate insiders own 1.95% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. JFS Wealth Advisors LLC boosted its position in Ryder System by 1.1% in the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after buying an additional 24 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Ryder System by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 4,270 shares of the transportation company’s stock valued at $307,000 after buying an additional 71 shares in the last quarter. Mason Street Advisors LLC boosted its position in Ryder System by 1.0% in the first quarter. Mason Street Advisors LLC now owns 7,389 shares of the transportation company’s stock valued at $557,000 after buying an additional 75 shares in the last quarter. Intrust Bank NA boosted its position in Ryder System by 1.5% in the first quarter. Intrust Bank NA now owns 6,435 shares of the transportation company’s stock valued at $486,000 after buying an additional 95 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in Ryder System by 0.7% in the first quarter. Thrivent Financial For Lutherans now owns 18,750 shares of the transportation company’s stock valued at $1,415,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.
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Ryder System (NYSE:R) traded down 1.36% on Thursday, hitting $71.73. 300,009 shares of the company were exchanged. Ryder System has a 52 week low of $62.03 and a 52 week high of $85.42. The company has a 50 day moving average price of $72.26 and a 200-day moving average price of $72.24. The stock has a market capitalization of $3.80 billion, a P/E ratio of 17.27 and a beta of 1.39.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 21st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.53%. This is an increase from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, August 17th. Ryder System’s dividend payout ratio is 42.21%.
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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