Ryder System (R) to Release Quarterly Earnings on Tuesday

Ryder System (NYSE:R) will be posting its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Ryder System to post earnings of $2.09 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Ryder System (NYSE:R) last posted its earnings results on Wednesday, February 14th. The transportation company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.20. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the business posted $3.89 EPS. The business’s revenue was down 2.1% compared to the same quarter last year. 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

R opened at $114.21 on Tuesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a fifty day moving average price of $115.00 and a 200 day moving average price of $110.23. Ryder System has a 1 year low of $76.15 and a 1 year high of $121.58. The stock has a market cap of $5.05 billion, a P/E ratio of 13.08 and a beta of 1.40.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Friday, February 16th. Ryder System’s dividend payout ratio is presently 32.53%.

Insider Activity

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 shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the transaction, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in R. Moneta Group Investment Advisors LLC grew its position in Ryder System by 115,284.6% in 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 in the last quarter. Norges Bank bought a new position in Ryder System during the fourth quarter worth $61,907,000. Envestnet Asset Management Inc. lifted its stake in Ryder System by 1,077.7% during the first quarter. Envestnet Asset Management Inc. now owns 578,044 shares of the transportation company’s stock worth $3,601,000 after purchasing an additional 528,961 shares during the last quarter. AQR Capital Management LLC lifted its stake in Ryder System by 1,617.3% during the first quarter. AQR Capital Management LLC now owns 474,832 shares of the transportation company’s stock worth $41,676,000 after purchasing an additional 447,182 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Ryder System by 7.9% during the first quarter. Vanguard Group Inc. now owns 5,735,585 shares of the transportation company’s stock worth $455,004,000 after purchasing an additional 421,132 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Vertical Research cut shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Wednesday, January 10th. Wells Fargo & Company upped their price objective on shares of Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Stephens increased their target price on shares of Ryder System from $110.00 to $113.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ryder System from $117.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $120.00.

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.