Ryder System, Inc. (R) Expected to Post Earnings of $0.88 Per Share

Wall Street brokerages forecast that Ryder System, Inc. (NYSE:R) will report $0.88 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Ryder System’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.86. Ryder System posted earnings per share of $0.82 in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The firm is expected to issue its next earnings report before the market opens on Tuesday, April 24th.

On average, analysts expect that Ryder System will report full-year earnings of $5.59 per share for the current year, with EPS estimates ranging from $5.50 to $5.70. For the next financial year, analysts forecast that the firm will post earnings of $6.36 per share, with EPS estimates ranging from $5.59 to $6.75. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Ryder System.

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Ryder System (NYSE:R) last announced its quarterly earnings data on Friday, February 16th. The transportation company reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.01. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.84 billion. Ryder System had a return on equity of 10.47% and a net margin of 10.78%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 earnings per share.

A number of research firms have issued reports on R. Buckingham Research reissued a “buy” rating and set a $90.00 price target (down previously from $101.00) on shares of Ryder System in a research report on Tuesday, February 20th. KeyCorp reissued an “overweight” rating and set a $95.00 price target (down previously from $100.00) on shares of Ryder System in a research report on Tuesday, February 20th. JPMorgan Chase reissued a “neutral” rating and set a $73.00 price target (down previously from $94.00) on shares of Ryder System in a research report on Tuesday, February 20th. Zacks Investment Research downgraded Ryder System from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Ryder System in a research report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Ryder System currently has an average rating of “Hold” and a consensus target price of $88.00.

Shares of NYSE:R traded down $2.19 during midday trading on Wednesday, reaching $70.60. The company’s stock had a trading volume of 155,988 shares, compared to its average volume of 575,269. Ryder System has a 1 year low of $62.52 and a 1 year high of $90.26. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.62. The company has a market cap of $3,856.24, a P/E ratio of 15.58, a P/E/G ratio of 0.87 and a beta of 1.47.

Ryder System announced that its Board of Directors has authorized a stock buyback program on Thursday, December 14th that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Tuesday, February 20th were given a $0.52 dividend. This is an increase from Ryder System’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 16th. This represents a $2.08 annualized dividend and a dividend yield of 2.95%. Ryder System’s dividend payout ratio is presently 45.92%.

Several hedge funds and other institutional investors have recently modified their holdings of R. New York State Common Retirement Fund boosted its position in shares of Ryder System by 25.6% in the third quarter. New York State Common Retirement Fund now owns 146,360 shares of the transportation company’s stock worth $12,375,000 after buying an additional 29,860 shares during the period. Rhumbline Advisers grew its position in shares of Ryder System by 1.8% in the third quarter. Rhumbline Advisers now owns 99,406 shares of the transportation company’s stock valued at $8,405,000 after purchasing an additional 1,752 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Ryder System by 84.1% in the third quarter. Russell Investments Group Ltd. now owns 187,638 shares of the transportation company’s stock valued at $15,865,000 after purchasing an additional 85,701 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Ryder System by 4.3% in the third quarter. Ameriprise Financial Inc. now owns 206,195 shares of the transportation company’s stock valued at $17,434,000 after purchasing an additional 8,506 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of Ryder System by 14.8% in the third quarter. Macquarie Group Ltd. now owns 36,400 shares of the transportation company’s stock valued at $3,077,000 after purchasing an additional 4,700 shares during the last quarter. 93.35% of the stock is owned by institutional investors.

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Ryder System Company Profile

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

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