Ryder System, Inc. (R) to Post FY2018 Earnings of $5.35 Per Share, KeyCorp Forecasts

Ryder System, Inc. (NYSE:R) – KeyCorp boosted their FY2018 EPS estimates for shares of Ryder System in a report issued on Wednesday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $5.35 for the year, up from their previous forecast of $5.10. KeyCorp currently has a “Overweight” rating on the stock.

Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. BidaskClub upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Buckingham Research assumed coverage on Ryder System in a report on Monday, August 21st. They issued a “buy” rating and a $85.00 price target on the stock. Zacks Investment Research cut Ryder System from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 price target on shares of Ryder System in a report on Tuesday, September 5th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ryder System has an average rating of “Buy” and an average target price of $77.17.

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Shares of Ryder System (NYSE R) opened at 79.46 on Friday. The company has a market capitalization of $4.21 billion, a PE ratio of 19.13 and a beta of 1.37. The firm has a 50-day moving average of $75.01 and a 200 day moving average of $72.21. Ryder System has a 12 month low of $62.03 and a 12 month high of $85.42.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.93 by $0.07. Ryder System had a net margin of 2.86% and a return on equity of 9.80%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the business earned $1.56 earnings per share. Ryder System’s revenue for the quarter was up 5.3% compared to the same quarter last year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC acquired a new stake in shares of Ryder System during the second quarter worth about $109,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ryder System by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock worth $141,000 after purchasing an additional 156 shares during the period. JFS Wealth Advisors LLC raised its position in shares of Ryder System by 1.1% during the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock worth $156,000 after purchasing an additional 24 shares during the period. LS Investment Advisors LLC raised its position in shares of Ryder System by 28.8% during the first quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock worth $187,000 after purchasing an additional 553 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its position in shares of Ryder System by 94.7% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock worth $183,000 after purchasing an additional 1,240 shares during the period. 89.54% of the stock is currently owned by institutional investors.

In other news, CEO Robert E. Sanchez sold 26,275 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the sale, the chief executive officer now owns 107,237 shares of the company’s stock, valued at $7,767,175.91. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John S. Sensing sold 4,502 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $73.01, for a total value of $328,691.02. The disclosure for this sale can be found here. Insiders sold 40,427 shares of company stock worth $2,933,827 in the last three months. Insiders own 1.95% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 21st were paid a $0.46 dividend. This is a positive change from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.84 annualized dividend and a yield of 2.32%. Ryder System’s dividend payout ratio is presently 44.12%.

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.

Earnings History and Estimates for Ryder System (NYSE:R)

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