Ryder System (R) Earns News Sentiment Rating of 0.16
Media headlines about Ryder System (NYSE:R) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ryder System earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 46.7273942037755 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Stock Repurchase Program Authorized by Ryder System (R) Board of Directors (americanbankingnews.com)
- BRIEF-Ryder Authorizes New Anti-Dilutive Program To Repurchase Up To 1.5 Mln Shares (R) (markets.businessinsider.com)
- Ryder System (R) Announces 1.5M Share Anti-Dilutive Buyback Plan – StreetInsider.com (streetinsider.com)
- Ryder System, Inc. (R) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
A number of analysts have commented on R shares. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Tuesday, September 26th. Buckingham Research upped their price objective on shares of Ryder System from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. ValuEngine lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. J P Morgan Chase & Co upped their price objective on shares of Ryder System from $69.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $68.00 price objective on shares of Ryder System in a research note on Tuesday, September 5th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ryder System presently has an average rating of “Buy” and a consensus price target of $85.00.
Ryder System (NYSE R) traded up $0.49 during midday trading on Friday, hitting $81.56. 699,500 shares of the stock were exchanged, compared to its average volume of 704,712. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $4,342.77, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.51. Ryder System has a 1-year low of $62.52 and a 1-year high of $85.50.
Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, October 24th. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The business 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 was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share. equities research analysts predict that Ryder System will post 4.51 EPS for the current fiscal year.
Ryder System announced that its board has initiated a share repurchase program on Thursday, December 14th that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, November 17th. Ryder System’s dividend payout ratio (DPR) is 49.86%.
In related news, EVP Robert D. Fatovic sold 17,755 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $82.44, for a total value of $1,463,722.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CMO Karen M. Jones sold 4,790 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $81.78, for a total value of $391,726.20. The disclosure for this sale can be found here. Insiders sold 63,633 shares of company stock valued at $5,174,795 over the last three months. 1.95% of the stock is owned by 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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