Ryder System, Inc. (NYSE:R) – Seaport Global Securities decreased their Q1 2019 EPS estimates for shares of Ryder System in a research note issued to investors on Thursday, February 14th. Seaport Global Securities analyst K. Sterling now expects that the transportation company will post earnings per share of $0.99 for the quarter, down from their previous estimate of $1.03. Seaport Global Securities also issued estimates for Ryder System’s Q2 2019 earnings at $1.46 EPS, Q3 2019 earnings at $1.81 EPS, Q4 2019 earnings at $1.84 EPS, FY2019 earnings at $6.10 EPS, Q1 2020 earnings at $1.20 EPS, Q2 2020 earnings at $1.65 EPS, Q3 2020 earnings at $1.90 EPS, Q4 2020 earnings at $1.95 EPS and FY2020 earnings at $6.70 EPS.
Other analysts have also issued research reports about the stock. TheStreet lowered shares of Ryder System from a “b-” rating to a “c+” rating in a research report on Friday, November 2nd. Loop Capital raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Thursday, October 25th. Deutsche Bank dropped their price objective on shares of Ryder System from $88.00 to $77.00 and set a “buy” rating for the company in a research note on Monday, December 3rd. ValuEngine downgraded shares of Ryder System from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 27th. Finally, Mizuho reissued a “buy” rating on shares of Ryder System in a research note on Tuesday, October 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Ryder System presently has an average rating of “Hold” and an average target price of $76.50.
Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, February 14th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.01. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.19 billion. Ryder System had a net margin of 9.98% and a return on equity of 9.88%. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Skyline Asset Management LP acquired a new stake in Ryder System in the fourth quarter worth $8,359,000. Nisa Investment Advisors LLC grew its holdings in Ryder System by 44.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 21,064 shares of the transportation company’s stock worth $1,014,000 after purchasing an additional 6,500 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Ryder System in the third quarter worth $115,000. Prudential Financial Inc. grew its holdings in Ryder System by 28.7% in the third quarter. Prudential Financial Inc. now owns 619,218 shares of the transportation company’s stock worth $45,247,000 after purchasing an additional 138,066 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Ryder System by 3.4% in the third quarter. The Manufacturers Life Insurance Company now owns 93,346 shares of the transportation company’s stock worth $6,821,000 after purchasing an additional 3,084 shares during the period. 91.19% of the stock is owned by institutional investors and hedge funds.
In related news, EVP John J. Gleason sold 12,795 shares of Ryder System stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $55.14, for a total transaction of $705,516.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.27% of the stock is owned by company insiders.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Tuesday, February 19th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Friday, February 15th. Ryder System’s dividend payout ratio is presently 47.68%.
Ryder System Company Profile
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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