Ryder System, Inc. (NYSE:R) – Analysts at Seaport Global Securities lowered their Q2 2017 earnings per share (EPS) estimates for shares of Ryder System in a note issued to investors on Wednesday, according to Zacks Investment Research. Seaport Global Securities analyst K. Sterling now expects that the transportation company will post earnings of $0.89 per share for the quarter, down from their prior estimate of $1.30. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Ryder System’s FY2017 earnings at $4.35 EPS, Q2 2018 earnings at $1.05 EPS, Q3 2018 earnings at $1.48 EPS, Q4 2018 earnings at $1.40 EPS and FY2018 earnings at $4.84 EPS.
R has been the topic of several other reports. Zacks Investment Research downgraded shares of Ryder System from a “hold” rating to a “strong sell” rating in a research note on Friday, April 28th. Stephens downgraded shares of Ryder System from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $81.00 to $71.00 in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $75.75.
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Ryder System (NYSE:R) traded up 0.75% during trading on Friday, reaching $63.51. The company’s stock had a trading volume of 452,390 shares. Ryder System has a 52 week low of $56.98 and a 52 week high of $85.42. The firm has a 50-day moving average price of $71.29 and a 200-day moving average price of $75.12. The firm has a market capitalization of $3.40 billion, a P/E ratio of 13.90 and a beta of 1.27.
Ryder System (NYSE:R) last released its quarterly earnings results on Tuesday, April 25th. The transportation company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.02. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ryder System had a return on equity of 14.10% and a net margin of 3.87%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 EPS.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Monday, May 22nd will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Thursday, May 18th. Ryder System’s dividend payout ratio (DPR) is presently 35.77%.
Several institutional investors have recently bought and sold shares of R. Wells Fargo & Company MN boosted its stake in shares of Ryder System by 17.7% in the third quarter. Wells Fargo & Company MN now owns 1,704,065 shares of the transportation company’s stock worth $112,384,000 after buying an additional 255,755 shares in the last quarter. Tyers Asset Management LLC acquired a new stake in shares of Ryder System during the fourth quarter worth about $2,720,000. Copeland Capital Management LLC acquired a new stake in shares of Ryder System during the third quarter worth about $18,706,000. BlackRock Advisors LLC boosted its stake in shares of Ryder System by 2.3% in the third quarter. BlackRock Advisors LLC now owns 23,727 shares of the transportation company’s stock worth $1,565,000 after buying an additional 534 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its stake in shares of Ryder System by 3.9% in the fourth quarter. Vident Investment Advisory LLC now owns 35,134 shares of the transportation company’s stock worth $2,615,000 after buying an additional 1,309 shares in the last quarter. 90.68% of the stock is currently owned by institutional investors and hedge funds.
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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