Media coverage about Ryder System (NYSE:R) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ryder System earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 44.8253537443799 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Treat Yo Self: Bullet journaling/planning (newspressnow.com)
- Timothy McVeigh’s defense attorney recalls meeting Oklahoma City bomber in new doc: ‘He wasn’t completely nuts’ (foxnews.com)
- Ryder Cup Countdown – Get The Latest Business News (golf-monthly.co.uk)
- See what the IHS Markit Score report has to say about Ryder System Inc. (finance.yahoo.com)
- Ryder Second Quarter Conference Call Scheduled for July 25, 2018 (finance.yahoo.com)
Shares of Ryder System opened at $71.17 on Wednesday, MarketBeat.com reports. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 1.75. Ryder System has a 52 week low of $65.65 and a 52 week high of $90.26. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.84 and a beta of 1.46.
Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, April 24th. The transportation company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Ryder System had a return on equity of 9.82% and a net margin of 10.50%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. research analysts predict that Ryder System will post 5.63 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Monday, May 21st were given a dividend of $0.52 per share. The ex-dividend date was Friday, May 18th. This represents a $2.08 annualized dividend and a dividend yield of 2.92%. Ryder System’s payout ratio is 45.92%.
Several equities research analysts recently commented on R shares. Robert W. Baird decreased their target price on Ryder System from $84.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday, April 25th. Goldman Sachs Group initiated coverage on Ryder System in a research note on Tuesday, April 10th. They issued a “neutral” rating and a $73.00 price objective for the company. JPMorgan Chase & Co. cut Ryder System from a “neutral” rating to an “underweight” rating in a research note on Thursday, April 5th. KeyCorp reduced their price objective on Ryder System from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, June 22nd. Finally, ValuEngine cut Ryder System from a “hold” rating to a “sell” rating in a research note on Wednesday, June 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $84.13.
In related news, Director E Follin Smith sold 988 shares of Ryder System stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $68.41, for a total transaction of $67,589.08. Following the transaction, the director now owns 28,698 shares of the company’s stock, valued at $1,963,230.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Luis P. Nieto, Jr. sold 1,990 shares of Ryder System stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $67.93, for a total value of $135,180.70. The disclosure for this sale can be found here. 2.27% of the stock is owned by insiders.
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 ancillary maintenance and fleet support services.
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