Ryder System, Inc. (NYSE: R – Get Rating) – KeyCorp boosted their Q2 2022 EPS estimates for shares of Ryder System in a note issued to investors on Sunday, June 5th. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings of $ 4.00 per share for the quarter, up from their prior forecast of $ 3.75. KeyCorp also issued estimates for Ryder System’s Q3 2022 earnings at $ 3.51 EPS and FY2022 earnings at $ 14.50 EPS.
Ryder System (NYSE: R – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The transportation company reported $ 3.59 EPS for the quarter, topping analysts’ consensus estimates of $ 2.38 by $ 1.21. The firm had revenue of $ 2.85 billion during the quarter, compared to analysts’ expectations of $ 2.57 billion. Ryder System had a net margin of 6.25% and a return on equity of 24.86%. The company revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter last year, the company earned $ 1.09 earnings per share.
Other analysts have also issued research reports about the stock. StockNews.com lowered shares of Ryder System from a “strong-buy” rating to a “buy” rating in a report on Monday, April 4th. Stifel Nicolaus boosted their price objective on shares of Ryder System from $ 80.00 to $ 90.00 in a research report on Monday. Wells Fargo & Company boosted their price target on shares of Ryder System from $ 68.00 to $ 81.00 and gave the company an “equal weight” rating in a research report on Monday. Wolfe Research raised shares of Ryder System from an “underperform” rating to a “peer perform” rating in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ryder System from $ 88.00 to $ 71.00 and set a “neutral” rating on the stock in a research report on Friday, April 8th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company stock. According to MarketBeat, Ryder System presently has an average rating of “Hold” and an average price target of $ 87.14.
R stock opened at $ 82.45 on Tuesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.59 and a quick ratio of 0.57. The company has a 50 day moving average price of $ 73.49 and a 200 day moving average price of $ 77.11. Ryder System has a fifty-two week low of $ 61.71 and a fifty-two week high of $ 93.05. The stock has a market capitalization of $ 4.22 billion, a PE ratio of 6.85 and a beta of 1.76.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Monday, May 23rd will be issued a dividend of $ 0.58 per share. The ex-dividend date of this dividend is Friday, May 20th. This represents a $ 2.32 dividend on an annualized basis and a dividend yield of 2.81%. Ryder System’s dividend payout ratio (DPR) is presently 19.27%.
In other news, Director Luis P. Nieto, Jr. sold 2,220 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $ 73.28, for a total transaction of $ 162,681.60. Following the completion of the sale, the director now directly owns 26,939 shares of the company stock, valued at $ 1,974,089.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Karen M. Jones sold 7,269 shares of the business’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $ 73.63, for a total transaction of $ 535,216.47. Following the transaction, the chief marketing officer now owns 6,963 shares in the company, valued at $ 512,685.69. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its holdings in shares of Ryder System by 270.3% during the first quarter. BNP Paribas Arbitrage SA now owns 153,396 shares of the transportation company stock valued at $ 12,169,000 after buying an additional 111,973 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Ryder System during the 1st quarter worth $ 944,000. Global Wealth Management Investment Advisory Inc. raised its position in shares of Ryder System by 9.3% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 38,417 shares of the transportation company stock valued at $ 3,048,000 after purchasing an additional 3,262 shares during the period. Royal Bank of Canada raised its position in shares of Ryder System by 3.2% during the 1st quarter. Royal Bank of Canada now owns 74,617 shares of the transportation company stock valued at $ 5,919,000 after purchasing an additional 2,343 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Ryder System during the 1st quarter valued at $ 644,000. Institutional investors and hedge funds own 87.24% of the company stock.
About Ryder System: (Get Rating)
Ryder System, Inc operates as a logistics and transportation company worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). 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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