Ryder System (NYSE:R) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.05-6.35 for the period, compared to the Thomson Reuters consensus estimate of $6.12. Ryder System also updated its Q2 guidance to $1.34-1.44 EPS.
Shares of R stock traded down $1.40 during mid-day trading on Wednesday, hitting $56.68. The company had a trading volume of 344,122 shares, compared to its average volume of 615,059. Ryder System has a 52-week low of $44.80 and a 52-week high of $79.95. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.54 and a current ratio of 0.57. The company has a market capitalization of $3.07 billion, a PE ratio of 9.79 and a beta of 1.71.
Ryder System (NYSE:R) last released its quarterly earnings results on Tuesday, April 30th. The transportation company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.12. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. Ryder System had a net margin of 3.28% and a return on equity of 11.26%. Ryder System’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. On average, research analysts predict that Ryder System will post 6.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Friday, May 17th. Ryder System’s payout ratio is 37.31%.
A number of research analysts have weighed in on R shares. ValuEngine upgraded shares of Ryder System from a strong sell rating to a sell rating in a research report on Thursday, February 14th. Zacks Investment Research cut shares of Ryder System from a hold rating to a sell rating in a research report on Friday, March 1st. Finally, TheStreet upgraded shares of Ryder System from a c+ rating to a b- rating in a research report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $76.89.
In other Ryder System news, Director E Follin Smith sold 1,138 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $62.82, for a total transaction of $71,489.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by corporate insiders.
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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