Ryder System (NYSE:R) updated its first quarter 2020
Pre-Market earnings guidance on Thursday. The company provided EPS guidance of -0.8–0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.09. Ryder System also updated its FY 2020
Pre-Market guidance to 1.10-1.50 EPS.
Several research firms recently issued reports on R. Stifel Nicolaus cut Ryder System from a buy rating to a hold rating and lowered their price objective for the stock from $65.00 to $51.00 in a report on Thursday, October 31st. Cfra lowered their price objective on Ryder System from $57.00 to $50.00 and set a hold rating on the stock in a report on Friday. Loop Capital upgraded Ryder System from a hold rating to a buy rating and set a $70.00 price objective on the stock in a report on Monday, January 13th. ValuEngine upgraded Ryder System from a hold rating to a buy rating in a report on Thursday, January 23rd. Finally, Stephens lowered their price objective on Ryder System from $50.00 to $47.00 and set an equal weight rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Ryder System presently has a consensus rating of Hold and a consensus target price of $56.43.
R stock traded down $4.89 during trading on Friday, hitting $40.12. The stock had a trading volume of 2,525,973 shares, compared to its average volume of 785,335. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.62 and a quick ratio of 0.59. Ryder System has a twelve month low of $39.50 and a twelve month high of $67.65. The stock has a market capitalization of $2.60 billion, a P/E ratio of 15.43 and a beta of 1.84. The company’s 50-day moving average price is $51.96 and its two-hundred day moving average price is $51.40.
Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, February 13th. The transportation company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). Ryder System had a return on equity of 11.65% and a net margin of 1.55%. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the firm posted $1.82 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. As a group, sell-side analysts expect that Ryder System will post 5.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, February 18th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date is Friday, February 14th. Ryder System’s dividend payout ratio (DPR) is 38.69%.
Ryder System declared that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase 1,500,000 outstanding shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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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