According to Zacks, “Ryder System's lackluster guidance provided for the third quarter of 2016 is disappointing. The company also trimmed its earnings guidance for full-year 2016. Ryder now expects 2016 adjusted earnings in the band of $5.90 to $6.05 per share (old guidance: $6.10 to $6.30). Lower rental demand coupled with soft used vehicle volumes led to the dull view. Another concern is that bulk of revenues comes from Fleet Management Solutions division. We are however encouraged by Ryder's efforts to reward its shareholders. In Jul 2016, the company hiked its quarterly cash dividend by 7.3% to $0.44 per share. We also remain positive of further grwoth potential for the company's Dedicated Transportation Solutions business which saw a 16% growth in the second quarter.”
Several other equities analysts have also issued reports on the company. Robert W. Baird reaffirmed a buy rating on shares of Ryder System in a report on Monday, June 13th. Royal Bank Of Canada reaffirmed a hold rating on shares of Ryder System in a report on Monday, June 13th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $81.57.
Ryder System (NYSE:R) opened at 64.15 on Friday. The stock’s 50 day moving average price is $65.32 and its 200 day moving average price is $65.69. The company has a market capitalization of $3.43 billion, a P/E ratio of 11.58 and a beta of 1.73. Ryder System has a 52 week low of $45.12 and a 52 week high of $76.33.
Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.02. Ryder System had a return on equity of 16.21% and a net margin of 4.44%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business earned $1.65 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts anticipate that Ryder System will post $5.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Monday, August 22nd were given a dividend of $0.44 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.76 dividend on an annualized basis and a yield of 2.74%. Ryder System’s dividend payout ratio (DPR) is presently 31.71%.
Large investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Ryder System by 133.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,788 shares of the company’s stock worth $116,000 after buying an additional 1,021 shares during the period. BlackRock Japan Co. Ltd boosted its position in shares of Ryder System by 1.4% in the first quarter. BlackRock Japan Co. Ltd now owns 2,735 shares of the company’s stock worth $177,000 after buying an additional 39 shares during the period. Sentry Investment Management LLC bought a new position in shares of Ryder System during the first quarter worth about $203,000. Advance Capital I Inc. bought a new position in shares of Ryder System during the second quarter worth about $202,000. Finally, Societe Generale bought a new position in shares of Ryder System during the second quarter worth about $215,000. Institutional investors and hedge funds own 90.95% of the company’s stock.
Ryder System Company Profile
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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