Q2 2018 EPS Estimates for Ryder (R) Lowered by Analyst
Ryder (NYSE:R) – Investment analysts at KeyCorp reduced their Q2 2018 earnings estimates for shares of Ryder in a note issued to investors on Tuesday, April 24th. KeyCorp analyst T. Fowler now forecasts that the transportation company will earn $1.27 per share for the quarter, down from their prior forecast of $1.43. KeyCorp currently has a “Overweight” rating and a $95.00 price target on the stock. KeyCorp also issued estimates for Ryder’s Q3 2018 earnings at $1.70 EPS and Q4 2018 earnings at $1.77 EPS.
Several other brokerages also recently weighed in on R. JPMorgan Chase downgraded Ryder from a “neutral” rating to an “underweight” rating in a report on Thursday, April 5th. Zacks Investment Research raised Ryder from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Monday, January 15th. Seaport Global Securities reaffirmed a “hold” rating on shares of Ryder in a report on Friday, February 23rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $86.00 price target on shares of Ryder in a report on Thursday, January 18th. Finally, Goldman Sachs began coverage on Ryder in a report on Tuesday, April 10th. They set a “neutral” rating and a $73.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $84.75.
Ryder (NYSE:R) last posted its quarterly earnings data on Tuesday, April 24th. The transportation company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Ryder had a return on equity of 9.82% and a net margin of 10.50%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share.
Hedge funds and other institutional investors have recently modified their holdings of the stock. AXA acquired a new stake in Ryder in the fourth quarter valued at $1,995,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Ryder by 12.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,929 shares of the transportation company’s stock valued at $667,000 after acquiring an additional 898 shares during the period. Teachers Advisors LLC lifted its holdings in Ryder by 31.1% in the fourth quarter. Teachers Advisors LLC now owns 165,256 shares of the transportation company’s stock valued at $13,910,000 after acquiring an additional 39,236 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Ryder by 7.3% in the third quarter. Parametric Portfolio Associates LLC now owns 210,949 shares of the transportation company’s stock valued at $17,836,000 after acquiring an additional 14,338 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ryder by 46.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,854 shares of the transportation company’s stock valued at $240,000 after acquiring an additional 901 shares during the period. 93.43% of the stock is owned by hedge funds and other institutional investors.
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 ancillary maintenance and fleet support services.
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