Ryder System, Inc. (NYSE:R) – Equities research analysts at SunTrust Banks increased their Q1 2020 EPS estimates for Ryder System in a research report issued on Tuesday, April 30th, according to Zacks Investment Research. SunTrust Banks analyst S. Benjamin now expects that the transportation company will earn $1.09 per share for the quarter, up from their prior estimate of $1.01. SunTrust Banks also issued estimates for Ryder System’s Q2 2020 earnings at $1.57 EPS and Q4 2020 earnings at $2.19 EPS.
Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, April 30th. The transportation company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.12. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.14 billion. Ryder System had a net margin of 3.28% and a return on equity of 11.26%. Ryder System’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS.
R has been the topic of a number of other reports. ValuEngine raised shares of Ryder System from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. Zacks Investment Research downgraded shares of Ryder System from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, TheStreet raised shares of Ryder System from a “c+” rating to a “b-” rating in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $76.89.
R stock traded down $0.58 during midday trading on Thursday, reaching $53.83. 477,100 shares of the company’s stock traded hands, compared to its average volume of 611,632. The firm has a market capitalization of $3.10 billion, a PE ratio of 9.30 and a beta of 1.71. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 2.35. Ryder System has a 52 week low of $44.80 and a 52 week high of $79.95.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders 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 dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, May 17th. Ryder System’s dividend payout ratio (DPR) is presently 37.31%.
In other Ryder System news, Director E Follin Smith sold 1,138 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $62.82, for a total value of $71,489.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.
A number of large investors have recently made changes to their positions in R. CWM LLC boosted its holdings in Ryder System by 115.9% during the 1st quarter. CWM LLC now owns 408 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 219 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in shares of Ryder System during the 1st quarter worth $30,000. WealthBridge Capital Management LLC purchased a new stake in shares of Ryder System during the 1st quarter worth $32,000. Bessemer Group Inc. increased its position in Ryder System by 155.3% during the 4th quarter. Bessemer Group Inc. now owns 720 shares of the transportation company’s stock valued at $35,000 after buying an additional 438 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its position in Ryder System by 238.4% during the 1st quarter. Rehmann Capital Advisory Group now owns 599 shares of the transportation company’s stock valued at $37,000 after buying an additional 422 shares in the last quarter. 87.60% of the stock is currently owned by institutional investors and hedge funds.
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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