-$0.57 EPS Expected for Ryder System, Inc. (NYSE:R) This Quarter

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Wall Street analysts predict that Ryder System, Inc. (NYSE:R) will post earnings per share of ($0.57) for the current quarter, Zacks reports. Five analysts have made estimates for Ryder System’s earnings. The highest EPS estimate is $0.06 and the lowest is ($0.76). Ryder System reported earnings per share of $1.11 in the same quarter last year, which indicates a negative year-over-year growth rate of 151.4%. The company is expected to issue its next earnings report on Tuesday, May 5th.

According to Zacks, analysts expect that Ryder System will report full year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.15 to $2.89. For the next financial year, analysts forecast that the firm will post earnings of $3.59 per share, with EPS estimates ranging from $2.74 to $5.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Ryder System.

Ryder System (NYSE:R) last issued its earnings results on Thursday, February 13th. The transportation company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). Ryder System had a positive return on equity of 10.30% and a negative net margin of 0.27%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the business earned $1.82 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year.

Several research analysts have commented on the company. Stephens cut their target price on Ryder System from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. SunTrust Banks cut their target price on Ryder System from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. They noted that the move was a valuation call. Cfra cut their target price on Ryder System from $57.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Stifel Nicolaus downgraded Ryder System from a “buy” rating to a “hold” rating and cut their target price for the stock from $65.00 to $51.00 in a research note on Thursday, October 31st. Finally, ValuEngine downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Ryder System has an average rating of “Hold” and an average target price of $56.43.

NYSE R traded down $0.27 during trading hours on Friday, hitting $40.78. The company had a trading volume of 853,427 shares, compared to its average volume of 856,386. Ryder System has a 52 week low of $37.64 and a 52 week high of $67.65. The firm has a 50 day simple moving average of $50.27 and a 200 day simple moving average of $50.97. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.59 and a current ratio of 1.06. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -84.96 and a beta of 1.84.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.49%. Ryder System’s dividend payout ratio (DPR) is presently 45.16%.

Ryder System announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently modified their holdings of the company. State of Michigan Retirement System raised its holdings in shares of Ryder System by 1.3% during the 4th quarter. State of Michigan Retirement System now owns 15,700 shares of the transportation company’s stock valued at $853,000 after buying an additional 200 shares in the last quarter. Creative Planning increased its stake in Ryder System by 4.4% in the 3rd quarter. Creative Planning now owns 5,728 shares of the transportation company’s stock worth $297,000 after purchasing an additional 242 shares during the period. Tower Research Capital LLC TRC increased its stake in Ryder System by 31.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,117 shares of the transportation company’s stock worth $61,000 after purchasing an additional 265 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ryder System by 10.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,189 shares of the transportation company’s stock worth $165,000 after purchasing an additional 300 shares during the period. Finally, First Allied Advisory Services Inc. increased its stake in Ryder System by 7.2% in the 3rd quarter. First Allied Advisory Services Inc. now owns 4,774 shares of the transportation company’s stock worth $247,000 after purchasing an additional 319 shares during the period. Hedge funds and other institutional investors own 87.79% 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 fleet support services.

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