Ryder System (NYSE:R) Issues Q2 Earnings Guidance

Ryder System (NYSE:RGet Rating) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.50-$3.75 for the period, compared to the Thomson Reuters consensus estimate of $2.93. Ryder System also updated its FY22 guidance to $13.00-$14.00 EPS.

Shares of R stock opened at $67.96 on Wednesday. Ryder System has a one year low of $61.71 and a one year high of $93.05. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.77 and a quick ratio of 0.75. The stock has a fifty day moving average price of $75.02 and a 200 day moving average price of $78.99. The stock has a market cap of $3.66 billion, a P/E ratio of 7.05 and a beta of 1.81.

Ryder System (NYSE:RGet Rating) last announced its quarterly earnings data on Wednesday, February 16th. The transportation company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $1.03. The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Ryder System had a net margin of 5.37% and a return on equity of 20.58%. The business’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 EPS. Equities research analysts anticipate that Ryder System will post 11.7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Tuesday, February 22nd were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Friday, February 18th. Ryder System’s payout ratio is 24.07%.

Several research firms recently commented on R. Wolfe Research downgraded Ryder System from a peer perform rating to an underperform rating in a research report on Tuesday, April 5th. Robert W. Baird downgraded shares of Ryder System from an outperform rating to a neutral rating and reduced their target price for the company from $96.00 to $90.00 in a research note on Wednesday, January 5th. StockNews.com lowered shares of Ryder System from a strong-buy rating to a buy rating in a report on Monday, April 4th. Stephens lifted their price target on shares of Ryder System from $92.00 to $94.00 and gave the company an equal weight rating in a report on Thursday, February 17th. Finally, Zacks Investment Research cut shares of Ryder System from a strong-buy rating to a hold rating and set a $84.00 price objective on the stock. in a research note on Tuesday, December 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $87.83.

Large investors have recently modified their holdings of the business. Vident Investment Advisory LLC lifted its holdings in Ryder System by 2.4% during the 4th quarter. Vident Investment Advisory LLC now owns 28,183 shares of the transportation company’s stock worth $2,323,000 after buying an additional 668 shares in the last quarter. Deutsche Bank AG raised its position in shares of Ryder System by 68.4% during the fourth quarter. Deutsche Bank AG now owns 62,030 shares of the transportation company’s stock worth $5,112,000 after acquiring an additional 25,192 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Ryder System by 9.5% during the fourth quarter. Parametric Portfolio Associates LLC now owns 212,830 shares of the transportation company’s stock valued at $17,544,000 after acquiring an additional 18,412 shares during the period. State of Tennessee Treasury Department boosted its holdings in Ryder System by 73.0% in the fourth quarter. State of Tennessee Treasury Department now owns 15,734 shares of the transportation company’s stock valued at $1,297,000 after acquiring an additional 6,640 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY increased its position in Ryder System by 9.5% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 9,576 shares of the transportation company’s stock worth $789,000 after purchasing an additional 828 shares during the period. 87.04% of the stock is currently owned by hedge funds and other institutional investors.

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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