Ryder System (NYSE:R) Releases Earnings Results, Beats Expectations By $0.01 EPS
Ryder System (NYSE:R) released its quarterly earnings results on Friday, February 16th. The transportation company reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.01, Bloomberg Earnings reports. Ryder System had a net margin of 10.78% and a return on equity of 10.47%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm posted $1.07 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Ryder System updated its Q1 guidance to 0.83-0.90 EPS and its FY18 guidance to $5.40-5.70 EPS.
Shares of Ryder System (NYSE R) traded down $0.17 during midday trading on Monday, reaching $72.95. The company’s stock had a trading volume of 368,967 shares, compared to its average volume of 576,344. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.62 and a current ratio of 0.66. Ryder System has a one year low of $62.52 and a one year high of $90.26. The stock has a market capitalization of $3,873.72, a PE ratio of 4.89, a P/E/G ratio of 0.87 and a beta of 1.52.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Tuesday, February 20th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.08 dividend on an annualized basis and a yield of 2.85%. This is a boost from Ryder System’s previous quarterly dividend of $0.46. Ryder System’s payout ratio is currently 13.97%.
Ryder System announced that its Board of Directors has authorized a share buyback plan on Thursday, December 14th that permits the company to repurchase 1,500,000 shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
A number of equities research analysts have recently commented on R shares. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, January 15th. ValuEngine lowered Ryder System from a “buy” rating to a “hold” rating in a report on Friday, November 10th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $73.00 price objective (down from $94.00) on shares of Ryder System in a report on Tuesday, February 20th. Stifel Nicolaus restated a “hold” rating and issued a $86.00 price objective on shares of Ryder System in a report on Thursday, January 18th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $90.00 target price (down from $101.00) on shares of Ryder System in a research report on Tuesday, February 20th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ryder System presently has an average rating of “Hold” and an average target price of $88.00.
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About Ryder System
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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