Analysts Anticipate Ryder System, Inc. (R) to Announce $1.64 EPS
Brokerages forecast that Ryder System, Inc. (NYSE:R) will post $1.64 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Ryder System’s earnings, with estimates ranging from $1.62 to $1.65. Ryder System reported earnings of $1.33 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.3%. The business is scheduled to issue its next quarterly earnings results on Tuesday, October 23rd.
On average, analysts expect that Ryder System will report full year earnings of $5.77 per share for the current financial year, with EPS estimates ranging from $5.70 to $5.85. For the next year, analysts expect that the company will report earnings of $6.50 per share, with EPS estimates ranging from $6.20 to $6.75. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Ryder System.
Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, July 25th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.13. Ryder System had a net margin of 9.99% and a return on equity of 9.96%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up 16.9% on a year-over-year basis.
Shares of Ryder System stock traded down $0.63 during trading hours on Friday, reaching $74.13. The company’s stock had a trading volume of 5,010 shares, compared to its average volume of 359,346. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.64 and a current ratio of 0.68. Ryder System has a one year low of $65.65 and a one year high of $90.26. The company has a market cap of $4.01 billion, a P/E ratio of 16.56 and a beta of 1.46.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, July 20th will be paid a $0.54 dividend. The ex-dividend date is Thursday, July 19th. This represents a $2.16 annualized dividend and a dividend yield of 2.91%. This is a boost from Ryder System’s previous quarterly dividend of $0.52. Ryder System’s payout ratio is currently 47.68%.
In other Ryder System news, CFO Art A. Garcia sold 3,412 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $76.82, for a total value of $262,109.84. Following the completion of the transaction, the chief financial officer now directly owns 16,201 shares in the company, valued at $1,244,560.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert E. Sanchez sold 27,830 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $78.04, for a total transaction of $2,171,853.20. Following the completion of the transaction, the chief executive officer now owns 119,387 shares of the company’s stock, valued at $9,316,961.48. The disclosure for this sale can be found here. Insiders sold a total of 57,865 shares of company stock worth $4,502,858 in the last ninety days. Corporate insiders own 2.27% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Spark Investment Management LLC boosted its holdings in shares of Ryder System by 19.4% during the second quarter. Spark Investment Management LLC now owns 4,000 shares of the transportation company’s stock worth $287,000 after purchasing an additional 650 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Ryder System by 22.5% during the first quarter. Commonwealth Equity Services LLC now owns 4,766 shares of the transportation company’s stock worth $346,000 after purchasing an additional 876 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Ryder System by 11.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,807 shares of the transportation company’s stock worth $641,000 after purchasing an additional 878 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Ryder System by 16.4% during the second quarter. Envestnet Asset Management Inc. now owns 6,395 shares of the transportation company’s stock worth $460,000 after purchasing an additional 899 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of Ryder System by 14.7% during the second quarter. Xact Kapitalforvaltning AB now owns 7,030 shares of the transportation company’s stock worth $505,000 after purchasing an additional 900 shares during the period. Institutional investors own 90.03% of the company’s stock.
About Ryder System
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 ancillary maintenance and fleet support services.
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