Ryder System (R) to Release Earnings on Wednesday

Ryder System (NYSE:RGet Rating) is scheduled to be releasing its earnings data before the market opens on Wednesday, April 27th. Analysts expect Ryder System to post earnings of $2.36 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Ryder System (NYSE:RGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The transportation company reported $3.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.49 by $1.03. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.48 billion. Ryder System had a net margin of 5.37% and a return on equity of 20.58%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 EPS. On average, analysts expect Ryder System to post $12 EPS for the current fiscal year and $10 EPS for the next fiscal year.

NYSE:R opened at $66.38 on Wednesday. The firm’s 50-day moving average price is $75.80 and its 200-day moving average price is $79.52. The company has a market capitalization of $3.57 billion, a PE ratio of 6.89 and a beta of 1.81. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.77 and a quick ratio of 0.75. Ryder System has a 1-year low of $61.71 and a 1-year high of $93.05.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Tuesday, February 22nd were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Friday, February 18th. Ryder System’s dividend payout ratio is presently 24.07%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its holdings in shares of Ryder System by 55.3% in the 2nd quarter. Morgan Stanley now owns 580,303 shares of the transportation company’s stock worth $43,135,000 after buying an additional 206,653 shares during the last quarter. Barclays PLC increased its holdings in shares of Ryder System by 84.3% in the 4th quarter. Barclays PLC now owns 297,812 shares of the transportation company’s stock worth $24,548,000 after buying an additional 136,186 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Ryder System in the 4th quarter worth about $5,341,000. Deutsche Bank AG increased its holdings in shares of Ryder System by 68.4% in the 4th quarter. Deutsche Bank AG now owns 62,030 shares of the transportation company’s stock worth $5,112,000 after buying an additional 25,192 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Ryder System by 9.5% in the 4th quarter. Parametric Portfolio Associates LLC now owns 212,830 shares of the transportation company’s stock worth $17,544,000 after buying an additional 18,412 shares during the last quarter. Institutional investors own 87.04% of the company’s stock.

A number of research firms have recently weighed in on R. JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $88.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, April 8th. Stephens upped their price target on shares of Ryder System from $92.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 17th. Wells Fargo & Company dropped their price target on shares of Ryder System from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 17th. StockNews.com cut shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 4th. Finally, Zacks Investment Research cut shares of Ryder System from a “strong-buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research note on Tuesday, December 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $87.83.

About Ryder System (Get Rating)

Ryder System, Inc operates as a logistics and transportation company worldwide. The company 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, 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 for Ryder System (NYSE:R)

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