Ryder System, Inc. (NYSE: R) Q3 2021 EPS Estimates Raised by Analyst
Ryder System, Inc. (NYSE: R) – KeyCorp raised its third quarter 2021 profit estimates for Ryder System shares in a report released on Wednesday, April 28. KeyCorp analyst T. Fowler now expects the transportation company to post earnings per share of $ 1.55 for the quarter, up from its previous estimate of $ 1.34. KeyCorp also released estimates for Ryder System’s fourth quarter 2021 earnings at $ 1.75 per share. Ryder System (NYSE: R) last announced its quarterly earnings data on Wednesday, April 28. The transport company reported EPS of $ 1.09 for the quarter, beating the Thomson Reuters consensus estimate of $ 0.58 by $ 0.51. The company posted revenue of $ 2.22 billion for the quarter, compared to a consensus estimate of $ 2.15 billion. Ryder System had a negative net margin of 2.37% and a negative return on equity of 0.39%. The company’s revenue increased 2.8% year-over-year. During the same period last year, the company earned EPS ($ 1.38).
A number of other research analysts also recently published reports on R. Truist raised their price target for Ryder System shares from $ 85.00 to $ 90.00 in a research report Thursday. Vertical Research launched coverage on Ryder System shares in a research report on Thursday, April 1. They set a “buy” rating and a target price of $ 93.00 on the stock. JPMorgan Chase & Co. raised its price target on Ryder System shares from $ 59.00 to $ 65.00 and gave the company a “neutral” rating in a report on Tuesday, January 12. Truist Securities raised its price target for Ryder System shares from $ 80.00 to $ 85.00 and gave the company a “buy” rating in a research note on Wednesday, April 21. To finish, Zacks investment research reduce Ryder System shares from a “strong buy” rating to a “hold” rating and set a target price of $ 71.00 for the company. in a research note on Monday January 11. Three analysts rated the stock with a sustaining rating and six gave the stock a buy rating. The company currently has an average rating of “Buy” and an average target price of $ 71.00.
NYSE: R open for $ 81.93 on Fridays. Ryder System has a one-year low of $ 27.93 and a one-year high of $ 81.98. The company has a debt to equity ratio of 2.93, a quick ratio of 0.78, and a current ratio of 0.81. The company has a market cap of $ 4.41 billion, a P / E ratio of -21.23 and a beta of 1.98. The company has a 50-day simple moving average of $ 75.93 and a 200-day simple moving average of $ 65.12.
Several institutional investors and hedge funds recently changed their positions in R. Norges Bank purchased a new stake in Ryder System shares in the fourth quarter valued at approximately $ 52,324,000. SummerHaven Investment Management LLC acquired a new position in Ryder System during the fourth quarter for a value of approximately $ 658,000. Schroder Investment Management Group increased its stake in Ryder System by 567.6% in the fourth quarter. Schroder Investment Management Group now owns 673,349 shares of the transport company valued at $ 41,586,000 after purchasing an additional 572,488 shares during the period. FMR LLC increased its stake in Ryder System by 574.2% during the first quarter. FMR LLC now owns 583,279 shares of the transportation company valued at $ 36,157,000 after purchasing an additional 496,769 shares during the period. Finally, Morgan Stanley increased its stake in Ryder System by 112.1% in the fourth quarter. Morgan Stanley now owns 644,913 shares of the transportation company valued at $ 39,830,000 after purchasing an additional 340,893 shares during the period. 86.28% of the shares are held by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 19. Investors of record on Tuesday February 16 received a dividend of $ 0.56. This represents a dividend of $ 2.24 on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday February 12. Ryder System’s dividend payout ratio is currently 45.16%.
About the Ryder System
Ryder System, Inc. operates as a worldwide logistics and transportation company. The company operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS) and Dedicated Transportation Solutions (DTS). The FMS segment offers comprehensive leasing and leasing services with flexible maintenance options, as well as related maintenance services, supplies and equipment for vehicle operation; rental of commercial vehicles; and contract or transactional maintenance services for trucks, tractors and trailers, as well as fleet support services.
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