Ryder System (R) Earning Somewhat Positive News Coverage, Analysis Shows
News coverage about Ryder System (NYSE:R) has trended somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ryder System earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 46.3734860283771 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Form 3 RYDER SYSTEM INC For: Dec 22 Filed by: Ravindran Rajeev (streetinsider.com)
- Critical Survey: Quality Distribution (QLTY) versus Ryder System (R) (americanbankingnews.com)
- Wabco Bets $10 Million on Nikola, Acquires 1 Percent Stake (trucks.com)
- Tesla’s New Electric Semis a Hit With Heavy Haulers (ens-newswire.com)
- Transportation and Logistics Career Expo wows industry professionals – The Hendricks County Flyer (flyergroup.com)
Ryder System (NYSE R) traded up $0.60 on Wednesday, reaching $85.02. 256,874 shares of the company were exchanged, compared to its average volume of 696,164. The firm has a market cap of $4,470.00, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 1.25 and a beta of 1.51. Ryder System has a 1-year low of $62.52 and a 1-year high of $85.60. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 1.02.
Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.04. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.80 billion. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $1.67 EPS. analysts forecast that Ryder System will post 4.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Monday, November 20th were given a $0.46 dividend. The ex-dividend date was Friday, November 17th. This represents a $1.84 annualized dividend and a yield of 2.16%. Ryder System’s dividend payout ratio is presently 49.60%.
Ryder System declared that its board has approved a stock buyback plan on Thursday, December 14th that authorizes the company to buyback 1,500,000 outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Several equities analysts recently issued reports on the stock. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. KeyCorp raised shares of Ryder System from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, September 13th. Robert W. Baird reaffirmed an “outperform” rating and set a $98.00 price target (up previously from $84.00) on shares of Ryder System in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $68.00 price target on shares of Ryder System in a research note on Tuesday, September 5th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $85.00.
In other Ryder System news, EVP John J. Gleason sold 8,760 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $78.30, for a total transaction of $685,908.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert D. Fatovic sold 17,755 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $82.44, for a total transaction of $1,463,722.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,633 shares of company stock worth $5,174,795. 1.95% of the stock is owned by corporate insiders.
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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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