Ryder System (NYSE:R) Updates Q1 2020 Pre-Market Earnings Guidance

Ryder System (NYSE:R) updated its first quarter 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share guidance of -0.8–0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.09. Ryder System also updated its FY 2020
Pre-Market guidance to 1.10-1.50 EPS.

Several equities analysts have commented on the stock. Stifel Nicolaus downgraded shares of Ryder System from a buy rating to a hold rating and dropped their price target for the stock from $65.00 to $51.00 in a research note on Thursday, October 31st. Stephens lowered their target price on shares of Ryder System from $50.00 to $47.00 and set an equal weight rating for the company in a research note on Friday. Loop Capital upgraded shares of Ryder System from a hold rating to a buy rating and set a $70.00 target price for the company in a research note on Monday, January 13th. ValuEngine upgraded shares of Ryder System from a hold rating to a buy rating in a research note on Thursday, January 23rd. Finally, Cfra lowered their target price on shares of Ryder System from $57.00 to $50.00 and set a hold rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Ryder System currently has a consensus rating of Hold and an average price target of $56.43.

Shares of R stock traded down $4.89 on Friday, reaching $40.12. 2,525,973 shares of the stock were exchanged, compared to its average volume of 785,335. Ryder System has a twelve month low of $39.50 and a twelve month high of $67.65. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 15.43 and a beta of 1.84. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 2.75. The business’s 50 day moving average price is $51.96 and its 200 day moving average price is $51.40.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, February 13th. The transportation company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Ryder System had a net margin of 1.55% and a return on equity of 11.65%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm earned $1.82 earnings per share. Ryder System’s revenue was up .7% on a year-over-year basis. Equities research analysts forecast that Ryder System will post 5.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, February 18th will be given a $0.56 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.24 dividend on an annualized basis and a yield of 5.58%. Ryder System’s dividend payout ratio (DPR) is presently 38.69%.

Ryder System announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Ryder System Company Profile

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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