Ryder System, Inc. (R) Releases Q4 Earnings Guidance
Ryder System, Inc. (R) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $1.06-1.11 for the period.
A number of research firms have also recently commented on R. Analysts at Jefferies Group reiterated a buy rating on shares of Ryder System in a research note to investors on Friday, October 5th. They now have a $62.00 price target on the stock. On a related note, analysts at SunTrust upgraded shares of Ryder System from a neutral rating to a buy rating in a research note to investors on Thursday, October 4th. They now have a $48.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Ryder System from an underperform rating to a neutral rating in a research note to investors on Thursday, September 27th. They now have a $41.00 price target on the stock.
Ryder System, Inc. (R) traded up 5.92% on Tuesday, hitting $46.00. Ryder System, Inc. (R) has a 1-year low of $32.76 and a 1-year high of $57.63. The company has a market cap of $2.352 billion and a price-to-earnings ratio of 12.06.
Ryder System last released its earnings data on Tuesday, October 23rd. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.10. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Ryder System, Inc. (R) will post $3.82 earnings per share for the current fiscal year.
Ryder System, Inc. (Ryder) is engaged in transportation and supply chain management solutions. Ryder operates in three business segments: Fleet Management Solutions (FMS), which provides full service leasing, contract maintenance, contract-related maintenance and commercial rental of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services throughout North America and Asia, and Dedicated Contract Carriage (DCC), which provides vehicles and drivers as part of a dedicated transportation solution in the United States.
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