FY2019 EPS Estimates for Ryder System, Inc. Reduced by KeyCorp (R)

Ryder System, Inc. (NYSE:R) – Stock analysts at KeyCorp lowered their FY2019 earnings per share estimates for shares of Ryder System in a report released on Thursday, November 15th. KeyCorp analyst T. Fowler now anticipates that the transportation company will earn $6.15 per share for the year, down from their previous forecast of $6.35. KeyCorp has a “Overweight” rating and a $75.00 price objective on the stock.

Ryder System (NYSE:R) last issued its quarterly earnings results on Friday, October 26th. The transportation company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.01). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.11 billion. Ryder System had a net margin of 9.98% and a return on equity of 9.88%. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 earnings per share.

Other equities analysts also recently issued research reports about the company. TheStreet downgraded Ryder System from a “b-” rating to a “c+” rating in a research report on Friday, November 2nd. Loop Capital assumed coverage on Ryder System in a research note on Monday, October 1st. They set a “hold” rating and a $78.00 target price for the company. Wolfe Research upgraded Ryder System from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 5th. Mizuho reiterated a “buy” rating on shares of Ryder System in a research note on Tuesday, October 30th. Finally, Deutsche Bank started coverage on Ryder System in a research note on Tuesday, September 4th. They issued a “buy” rating and a $88.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $79.82.

R opened at $53.65 on Monday. The stock has a market cap of $2.91 billion, a P/E ratio of 11.84 and a beta of 1.63. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.64 and a current ratio of 0.67. Ryder System has a 52-week low of $53.23 and a 52-week high of $90.26.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Monday, November 19th will be issued a $0.54 dividend. The ex-dividend date is Friday, November 16th. This represents a $2.16 dividend on an annualized basis and a yield of 4.03%. Ryder System’s payout ratio is 47.68%.

In related news, Director David G. Nord acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The stock was acquired at an average cost of $57.24 per share, for a total transaction of $114,480.00. Following the completion of the acquisition, the director now directly owns 3,990 shares of the company’s stock, valued at approximately $228,387.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.27% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of R. Cambridge Financial Group Inc. grew its holdings in Ryder System by 11.4% during the 2nd quarter. Cambridge Financial Group Inc. now owns 81,556 shares of the transportation company’s stock worth $5,861,000 after acquiring an additional 8,354 shares during the period. LSV Asset Management grew its holdings in Ryder System by 5.8% during the 2nd quarter. LSV Asset Management now owns 1,889,814 shares of the transportation company’s stock worth $135,802,000 after acquiring an additional 102,980 shares during the period. Wells Fargo & Company MN grew its holdings in Ryder System by 3.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,365,424 shares of the transportation company’s stock worth $98,119,000 after acquiring an additional 51,703 shares during the period. Arizona State Retirement System grew its holdings in Ryder System by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 36,863 shares of the transportation company’s stock worth $2,649,000 after acquiring an additional 1,053 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Ryder System by 16.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,395 shares of the transportation company’s stock worth $460,000 after acquiring an additional 899 shares during the period. Institutional investors and hedge funds own 89.63% of the company’s stock.

About Ryder System

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). 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 ancillary maintenance and fleet support services.

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

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