Ryder System, Inc. (NYSE:R) Expected to Announce Quarterly Sales of $2.15 Billion

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Analysts forecast that Ryder System, Inc. (NYSE:R) will report $2.15 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Ryder System’s earnings. The highest sales estimate is $2.19 billion and the lowest is $2.11 billion. Ryder System posted sales of $2.18 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.4%. The firm is scheduled to issue its next earnings report on Tuesday, May 5th.

According to Zacks, analysts expect that Ryder System will report full-year sales of $8.94 billion for the current fiscal year, with estimates ranging from $8.86 billion to $8.99 billion. For the next financial year, analysts expect that the company will post sales of $9.29 billion, with estimates ranging from $9.22 billion to $9.44 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Ryder System.

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

Several brokerages have commented on R. 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. 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. ValuEngine downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. 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. Finally, Loop Capital upgraded Ryder System from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.43.

Shares of R stock traded down $0.27 on Friday, hitting $40.78. 853,427 shares of the stock were exchanged, compared to its average volume of 856,386. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 3.20. The firm has a market capitalization of $2.19 billion, a PE ratio of -84.96 and a beta of 1.84. Ryder System has a one year low of $37.64 and a one year high of $67.65. The firm’s 50 day moving average is $50.27 and its two-hundred day moving average is $50.97.

Ryder System announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase 1,500,000 outstanding shares. This repurchase authorization allows the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, February 18th will be issued a $0.56 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.24 annualized dividend and a dividend yield of 5.49%. Ryder System’s payout ratio is currently 45.16%.

Several large investors have recently added to or reduced their stakes in R. Pzena Investment Management LLC raised its holdings in shares of Ryder System by 22.9% in the 4th quarter. Pzena Investment Management LLC now owns 3,265,330 shares of the transportation company’s stock valued at $177,340,000 after acquiring an additional 608,085 shares in the last quarter. Scopus Asset Management L.P. purchased a new position in shares of Ryder System during the 4th quarter valued at about $30,957,000. FMR LLC raised its holdings in shares of Ryder System by 574.2% during the 1st quarter. FMR LLC now owns 583,279 shares of the transportation company’s stock valued at $36,157,000 after buying an additional 496,769 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Ryder System by 7.1% during the 2nd quarter. BlackRock Inc. now owns 6,643,848 shares of the transportation company’s stock valued at $387,337,000 after buying an additional 440,942 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Ryder System by 17.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,469,485 shares of the transportation company’s stock valued at $79,807,000 after buying an additional 222,596 shares in the last quarter. 87.79% of the stock is currently owned by hedge funds and other institutional investors.

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 fleet support services.

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