Ryder System (NYSE:R) Issues Q3 Earnings Guidance

Ryder System (NYSE:R) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.45-1.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.74. Ryder System also updated its FY19 guidance to $5.50-5.80 EPS.

Ryder System stock traded down $0.76 during mid-day trading on Friday, reaching $49.89. The stock had a trading volume of 571,852 shares, compared to its average volume of 581,355. The firm has a market cap of $2.85 billion, a P/E ratio of 8.62 and a beta of 1.81. The company’s 50-day moving average price is $56.74. Ryder System has a one year low of $44.80 and a one year high of $79.95. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.99 and a quick ratio of 0.54.

Ryder System (NYSE:R) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.40. Ryder System had a net margin of 3.60% and a return on equity of 11.51%. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the prior year, the business earned $1.42 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts forecast that Ryder System will post 5.82 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 16th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 4.49%. This is a positive change from Ryder System’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Friday, August 16th. Ryder System’s dividend payout ratio is currently 37.31%.

R has been the subject of a number of research reports. KeyCorp lowered their target price on Ryder System from $80.00 to $75.00 and set an overweight rating for the company in a research report on Thursday, July 18th. Loop Capital downgraded Ryder System from a buy rating to a hold rating and lowered their target price for the company from $70.00 to $62.00 in a research report on Tuesday, July 2nd. SunTrust Banks lowered their target price on Ryder System to $65.00 and set a buy rating for the company in a research report on Wednesday. TheStreet downgraded Ryder System from a b- rating to a c+ rating in a research report on Thursday, May 30th. Finally, Zacks Investment Research upgraded Ryder System from a sell rating to a hold rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $73.50.

In other Ryder System news, EVP Karen M. Jones sold 1,767 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $52.21, for a total value of $92,255.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Follin Smith sold 1,138 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $62.82, for a total value of $71,489.16. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

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.

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

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