According to Zacks, “Shares of Ryder System have underperformed the broader market over the past three months. Adding to its woes, the company reported lower-than-expected earnings per share in the fourth quarter of 2016. Earnings also declined significantly on a year-over-year basis. The challenging environment for used vehicles led to the below-par showing. The company also gave a lackluster view for earnings for the first quarter as well as full-year 2017. The demand for used vehicles is expected to remain soft until mid-2018. Additionally, the company continues to face headwinds in the form of a weak balancesheet, and high capital expenditures which could impact future performance. We are, however, encouraged by the company's efforts to reward its shareholders through dividend payments”
Zacks Investment Research lowered shares of Ryder System, Inc. (NYSE:R) from a hold rating to a strong sell rating in a research report report published on Tuesday.
Several other equities research analysts have also recently weighed in on R. Aegis initiated coverage on shares of Ryder System in a research report on Monday, October 24th. They set a buy rating and a $77.00 price target for the company. Stifel Nicolaus cut shares of Ryder System from a buy rating to a hold rating and set a $75.00 price target for the company. in a research report on Tuesday, November 15th. They noted that the move was a valuation call. Finally, Wolfe Research cut shares of Ryder System from an outperform rating to a market perform rating in a research report on Thursday, December 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $73.20.
Shares of Ryder System (NYSE:R) opened at 76.49 on Tuesday. Ryder System has a 52-week low of $53.35 and a 52-week high of $85.42. The company has a market capitalization of $4.08 billion, a P/E ratio of 15.61 and a beta of 1.27. The stock’s 50 day moving average is $75.76 and its 200 day moving average is $71.22.
Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.42 by $0.35. Ryder System had a net margin of 3.87% and a return on equity of 14.10%. The business earned $1.73 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the company posted $1.72 EPS. Ryder System’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts expect that Ryder System will post $5.23 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Tuesday, February 21st will be given a $0.44 dividend. The ex-dividend date is Thursday, February 16th. This represents a $1.76 annualized dividend and a dividend yield of 2.30%. Ryder System’s dividend payout ratio is 35.77%.
In related news, EVP Karen M. Jones sold 4,086 shares of the stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $73.40, for a total value of $299,912.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Ryder System by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,065 shares of the company’s stock worth $228,000 after buying an additional 11 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in Ryder System by 0.5% in the third quarter. Gateway Investment Advisers LLC now owns 4,182 shares of the company’s stock worth $276,000 after buying an additional 19 shares in the last quarter. Advisor Group Inc. raised its stake in Ryder System by 0.9% in the third quarter. Advisor Group Inc. now owns 9,988 shares of the company’s stock worth $658,000 after buying an additional 85 shares in the last quarter. Eads & Heald Investment Counsel raised its stake in Ryder System by 0.6% in the third quarter. Eads & Heald Investment Counsel now owns 15,322 shares of the company’s stock worth $1,010,000 after buying an additional 94 shares in the last quarter. Finally, Calvert Investment Management Inc. raised its stake in Ryder System by 2.6% in the second quarter. Calvert Investment Management Inc. now owns 4,317 shares of the company’s stock worth $264,000 after buying an additional 110 shares in the last quarter. Institutional investors own 90.68% of the company’s stock.
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 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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