Brokerages Anticipate Ryder System, Inc. (R) Will Post Earnings of $1.00 Per Share

Wall Street analysts predict that Ryder System, Inc. (NYSE:R) will post earnings of $1.00 per share for the current quarter, Zacks reports. Seven analysts have provided estimates for Ryder System’s earnings, with estimates ranging from $0.97 to $1.03. Ryder System posted earnings of $0.91 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.9%. The business is scheduled to announce its next quarterly earnings results on Tuesday, April 23rd.

According to Zacks, analysts expect that Ryder System will report full year earnings of $6.17 per share for the current fiscal year, with EPS estimates ranging from $6.10 to $6.25. For the next fiscal year, analysts forecast that the firm will post earnings of $6.77 per share, with EPS estimates ranging from $6.44 to $7.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Ryder System.

Ryder System (NYSE:R) last announced its earnings results on Thursday, February 14th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.01. Ryder System had a net margin of 3.25% and a return on equity of 10.62%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the business posted $1.37 EPS. The business’s revenue was up 16.9% compared to the same quarter last year.

Several analysts have recently issued reports on R shares. Zacks Investment Research lowered shares of Ryder System from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. TheStreet raised shares of Ryder System from a “c+” rating to a “b-” rating in a research report on Thursday, February 21st. Finally, ValuEngine raised shares of Ryder System from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Ryder System has an average rating of “Hold” and an average target price of $76.82.

R traded up $1.84 during midday trading on Monday, reaching $63.83. The company had a trading volume of 334,940 shares, compared to its average volume of 714,420. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 1.96. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 11.02 and a beta of 1.73. Ryder System has a 12-month low of $44.80 and a 12-month high of $79.95.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 19th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, February 15th. Ryder System’s payout ratio is presently 37.31%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of Ryder System by 88.3% in the third quarter. SG Americas Securities LLC now owns 15,845 shares of the transportation company’s stock worth $1,158,000 after buying an additional 7,432 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Ryder System by 27.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,530 shares of the transportation company’s stock worth $8,150,000 after acquiring an additional 24,059 shares during the period. Bank of New York Mellon Corp raised its stake in Ryder System by 2.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 719,806 shares of the transportation company’s stock worth $52,596,000 after acquiring an additional 18,486 shares during the period. American International Group Inc. raised its stake in Ryder System by 1.0% during the 3rd quarter. American International Group Inc. now owns 107,912 shares of the transportation company’s stock worth $7,885,000 after acquiring an additional 1,071 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Ryder System during the third quarter valued at approximately $639,000. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

Ryder System Company Profile

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 fleet support services.

Further Reading: P/E Growth (PEG)

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

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