$2.84 Billion in Sales Expected for Ryder System, Inc. (NYSE:R) This Quarter

Brokerages forecast that Ryder System, Inc. (NYSE:RGet Rating) will announce sales of $2.84 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ryder System’s earnings. The highest sales estimate is $2.92 billion and the lowest is $2.74 billion. Ryder System posted sales of $2.38 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.3%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Ryder System will report full-year sales of $11.45 billion for the current financial year, with estimates ranging from $11.22 billion to $11.77 billion. For the next year, analysts expect that the firm will report sales of $11.98 billion, with estimates ranging from $11.51 billion to $12.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Ryder System.

Ryder System (NYSE:RGet Rating) last posted its earnings results on Wednesday, April 27th. The transportation company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $1.21. Ryder System had a net margin of 6.25% and a return on equity of 24.86%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the business posted $1.09 EPS. Ryder System’s revenue was up 28.4% compared to the same quarter last year.

R has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $88.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, April 8th. Stephens raised their price target on shares of Ryder System from $92.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 17th. StockNews.com lowered shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 4th. Wells Fargo & Company decreased their target price on shares of Ryder System from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 17th. Finally, Wolfe Research lowered shares of Ryder System from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, April 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $87.83.

NYSE:R traded up $12.17 during midday trading on Monday, reaching $83.65. The stock had a trading volume of 6,995,799 shares, compared to its average volume of 830,424. Ryder System has a 1-year low of $61.71 and a 1-year high of $93.05. The firm’s fifty day simple moving average is $73.72 and its 200-day simple moving average is $77.80. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.59 and a quick ratio of 0.57. The stock has a market capitalization of $4.28 billion, a P/E ratio of 6.95 and a beta of 1.77.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Monday, May 23rd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, May 20th. Ryder System’s dividend payout ratio is 19.27%.

In related news, Director Luis P. Nieto, Jr. sold 2,220 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $73.28, for a total transaction of $162,681.60. Following the completion of the transaction, the director now owns 26,939 shares in the company, valued at $1,974,089.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Karen M. Jones sold 7,269 shares of the business’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $73.63, for a total transaction of $535,216.47. Following the transaction, the chief marketing officer now owns 6,963 shares of the company’s stock, valued at approximately $512,685.69. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in Ryder System by 146.6% in the 1st quarter. Signaturefd LLC now owns 429 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 255 shares in the last quarter. Confluence Wealth Services Inc. bought a new stake in Ryder System in the 4th quarter valued at approximately $39,000. First Manhattan Co. bought a new stake in Ryder System in the 3rd quarter valued at approximately $40,000. Rockefeller Capital Management L.P. lifted its stake in Ryder System by 423.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 623 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 504 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in Ryder System in the 1st quarter valued at approximately $51,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Company Profile (Get Rating)

Ryder System, Inc operates as a logistics and transportation company worldwide. The company 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, 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 fleet support services.

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

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