Ryder System (R) Scheduled to Post Earnings on Tuesday

Ryder System (NYSE:R) will release its earnings data before the market opens on Tuesday, April 23rd. Analysts expect Ryder System to post earnings of $2.09 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, February 14th. The transportation company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.20. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.98 billion. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted $3.89 EPS. On average, analysts expect Ryder System to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Ryder System Stock Performance

Shares of R opened at $108.71 on Friday. The company has a market cap of $4.81 billion, a PE ratio of 12.45 and a beta of 1.40. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.80. The stock has a 50-day moving average price of $114.39 and a 200-day moving average price of $110.29. Ryder System has a 12-month low of $76.15 and a 12-month high of $121.58.

Ryder System Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were given a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.84 dividend on an annualized basis and a yield of 2.61%. Ryder System’s payout ratio is 32.53%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on R. Wells Fargo & Company boosted their target price on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Vertical Research cut Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Wednesday, January 10th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Stephens lifted their price target on Ryder System from $110.00 to $113.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $122.00 price target on shares of Ryder System in a research note on Thursday, February 15th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $120.00.

Insiders Place Their Bets

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the sale, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Ryder System by 7.9% during the first quarter. Vanguard Group Inc. now owns 5,735,585 shares of the transportation company’s stock valued at $455,004,000 after purchasing an additional 421,132 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in Ryder System by 115,284.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,378,461 shares of the transportation company’s stock valued at $282,338,000 after acquiring an additional 3,375,533 shares during the last quarter. State Street Corp increased its position in Ryder System by 5.9% during the first quarter. State Street Corp now owns 1,825,239 shares of the transportation company’s stock valued at $144,796,000 after acquiring an additional 101,962 shares during the last quarter. Morgan Stanley increased its position in Ryder System by 8.4% during the fourth quarter. Morgan Stanley now owns 875,859 shares of the transportation company’s stock valued at $73,196,000 after acquiring an additional 67,658 shares during the last quarter. Finally, Norges Bank purchased a new stake in Ryder System during the fourth quarter valued at $61,907,000. 87.47% of the stock is owned by institutional investors.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.