Ryder System, Inc. (NYSE:R – Get Rating) – Equities researchers at KeyCorp boosted their Q2 2022 EPS estimates for shares of Ryder System in a research note issued to investors on Sunday, June 5th. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings of $4.00 per share for the quarter, up from their prior forecast of $3.75. KeyCorp also issued estimates for Ryder System’s Q3 2022 earnings at $3.51 EPS and FY2022 earnings at $14.50 EPS.
Ryder System (NYSE:R – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The transportation company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $1.21. Ryder System had a net margin of 6.25% and a return on equity of 24.86%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. The business’s quarterly revenue was up 28.4% on a year-over-year basis.
R stock opened at $83.84 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.97. Ryder System has a one year low of $61.71 and a one year high of $93.05. The firm has a market capitalization of $4.29 billion, a PE ratio of 6.96 and a beta of 1.76. The firm has a 50-day moving average of $73.48 and a two-hundred day moving average of $77.07.
Large investors have recently modified their holdings of the company. Signaturefd LLC grew its position in shares of Ryder System by 146.6% in the first quarter. Signaturefd LLC now owns 429 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 255 shares during the last quarter. Confluence Wealth Services Inc. acquired a new stake in shares of Ryder System in the fourth quarter valued at about $39,000. First Manhattan Co. acquired a new stake in shares of Ryder System in the third quarter valued at about $40,000. Rockefeller Capital Management L.P. grew its position in shares of Ryder System by 423.5% in the third quarter. Rockefeller Capital Management L.P. now owns 623 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 504 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Ryder System in the first quarter valued at about $51,000. 87.24% of the stock is currently owned by institutional investors.
In other Ryder System news, Director Luis P. Nieto, Jr. sold 2,220 shares of the stock in a transaction on Monday, May 9th. The shares were sold at an average price of $73.28, for a total transaction of $162,681.60. Following the transaction, the director now directly owns 26,939 shares of the company’s stock, valued at $1,974,089.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Karen M. Jones sold 7,269 shares of the stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $73.63, for a total transaction of $535,216.47. Following the transaction, the chief marketing officer now directly owns 6,963 shares in the company, valued at $512,685.69. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Monday, May 23rd will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, May 20th. This represents a $2.32 annualized dividend and a dividend yield of 2.77%. Ryder System’s dividend payout ratio is 19.27%.
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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