Ryder System, Inc. (NYSE:R) – Seaport Global Securities increased their FY2017 earnings per share estimates for shares of Ryder System in a research report issued on Wednesday. Seaport Global Securities analyst K. Sterling now forecasts that the transportation company will post earnings per share of $4.53 for the year, up from their previous estimate of $4.35. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Ryder System’s Q4 2017 earnings at $1.40 EPS, Q2 2018 earnings at $1.15 EPS, Q3 2018 earnings at $1.56 EPS, Q4 2018 earnings at $1.54 EPS and FY2018 earnings at $5.20 EPS.
Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.07. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the company earned $1.56 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. WARNING: This story was published by BNB Daily and is owned by of BNB Daily. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.baseball-news-blog.com/2017/08/19/seaport-global-securities-brokers-boost-earnings-estimates-for-ryder-system-inc-r-updated-updated.html.
Several other research firms have also commented on R. Zacks Investment Research raised shares of Ryder System from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. BidaskClub raised shares of Ryder System from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Stephens lowered shares of Ryder System from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $81.00 to $71.00 in a research note on Wednesday, April 26th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $77.00.
Shares of Ryder System (NYSE:R) opened at 72.50 on Monday. The stock has a market cap of $3.84 billion, a PE ratio of 17.46 and a beta of 1.39. The stock has a 50 day moving average of $71.32 and a 200 day moving average of $72.36. Ryder System has a 12 month low of $62.03 and a 12 month high of $85.42.
Hedge funds and other institutional investors have recently modified their holdings of the company. Private Advisor Group LLC purchased a new stake in shares of Ryder System during the first quarter worth about $116,000. JFS Wealth Advisors LLC increased its position in Ryder System by 1.1% in the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after buying an additional 24 shares during the last quarter. LS Investment Advisors LLC increased its position in Ryder System by 28.8% in the first quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock valued at $187,000 after buying an additional 553 shares during the last quarter. Clear Investment Research LLC bought a new position in Ryder System during the second quarter valued at about $190,000. Finally, Creative Planning increased its position in Ryder System by 10.0% in the second quarter. Creative Planning now owns 2,904 shares of the transportation company’s stock valued at $209,000 after buying an additional 264 shares during the last quarter. Institutional investors own 92.96% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be paid a $0.46 dividend. This is a positive change from Ryder System’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.84 annualized dividend and a dividend yield of 2.53%. Ryder System’s dividend payout ratio (DPR) is presently 42.21%.
About Ryder System
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 leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally 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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