R - Ryder System, Inc.
52.40 0.00 (0.00%)
After hours: 4:28PM EDT
| Previous Close | 53.18 |
| Open | 52.62 |
| Bid | 52.45 x 900 |
| Ask | 52.46 x 1100 |
| Day's Range | 51.98 - 53.23 |
| 52 Week Range | 44.80 - 76.52 |
| Volume | 516,111 |
| Avg. Volume | 514,715 |
| Market Cap | 2.795B |
| Beta (3Y Monthly) | 2.06 |
| PE Ratio (TTM) | 8.87 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.24 (4.09%) |
| Ex-Dividend Date | 2019-08-16 |
| 1y Target Est | N/A |
- Bloomberg
FedEx Flop Adds Fuel to Worrisome Market Signal
(Bloomberg Opinion) -- The announcement by FedEx Corp. late Tuesday that it was slashing its profit outlook, in large part because of a softening global economy, won’t only be painful for the shipping company’s shareholders. It’s bound to worsen one of the market’s more noticeable weak spots.FedEx shares tumbled about 11% in early trading Wednesday, wiping out the stock’s gain for the year after the company said that its best-case scenario for adjusted earnings in the fiscal year ending in May was only $13 a share – a dollar short of the lowest of 25 analyst estimates compiled by Bloomberg.As the second-largest constituent in the 20-member Dow Jones Transportation Average, accounting for 9.87% of the benchmark, the decline in FedEx’s shares are sure to weigh on the index’s performance. But that’s only part of the reason why the stock market’s bulls should be worried. The bigger cause for concern has to do with something called the Dow Theory.Around for more than a century, the Dow Theory holds that if either the benchmark Dow Jones Industrial Average or the Dow Jones Transportation Average reaches a new record, the other must soon follow to confirm a bullish outlook. The broad Dow gauge has done its part, closing at a new all-time high twice in the past 12 months, first in October and again in July.The transports, whose constituents include economic bellwethers such as railroad Norfolk Southern Corp. and trucking firm Ryder System Inc. in addition to FedEx, hit a high a year ago, but has since struggled, falling 7.48% percent. That compares with a gain of 3.66% for the main gauge. In other words, the longer the transports underperform, the more tenuous the bull market in stocks looks.When it comes to FedEx, those who follow the package-delivery giant closely know that some of its troubles are its of its own making. Still, the economic headwinds it cited are real; it shouldn’t be a surprise that transport companies are struggling. The escalating trade war has done damage to the global economy, with the International Monetary Fund projecting that global economic growth this year will be the slowest since the financial crisis. The latest figures from the CPB World Trade Monitor administered by the Dutch Bureau for Economic Policy Analysis show global trade volumes have languished for seven straight months. World Bank President David Malpass said Tuesday that the global economy is poised to decelerate more than previously estimated.Closer to home, the Cass Freight Index, a monthly measure of U.S. rail, trucking and airfreight volume, dropped 3% in August from a year earlier, the ninth consecutive month of declines. The figures released Friday blamed tariffs for stalling trade, according to Bloomberg News’s Brendan Murray. “The shipments index has gone from warning of a potential slowdown to signaling an economic contraction,” according to the commentary included in the report. “We see a growing risk that GDP will go negative by year’s end.” The risk of a downturn will likely lead Federal Reserve policy makers to lower their benchmark interest rate on Wednesday as they wrap up a two-day meeting, though with rates already so low, further reductions may be less effective at spurring growth. It’s been a remarkable run in the equity markets this year, with the MSCI USA Index rallying 20%. But that doesn’t mean there isn’t this nagging feeling that the long bull market in stocks is living on borrowed time. To contact the author of this story: Robert Burgess at bburgess@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Robert Burgess is an editor for Bloomberg Opinion. He is the former global executive editor in charge of financial markets for Bloomberg News. As managing editor, he led the company’s news coverage of credit markets during the global financial crisis.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- American City Business Journals
Ryder’s truck-sharing platform will roll into Orlando soon
Breaker 1-9: A South Florida company is set to launch a commercial truck-sharing platform in Orlando with the goal of boosting revenue for trucking companies. Miami-based trucking company Ryder Systems Inc. (NYSE: R) announced Tuesday the expansion of its peer-to-peer truck-sharing platform COOP. The online platform enables fleet owners to rent out unused trucks to other companies. The product is meant to provide trucking companies with a source of revenue for trucks they aren’t using. Approximately 25% of the commercial vehicles in the U.S. go unused at least one day of the work week, according to Ryder. Ryder launched COOP in 2018, and the platform currently is available in South Florida and Georgia.
- Benzinga
Peer-To-Peer Truck Sharing Platform COOP Expands To Orlando
Fleet management company Ryder System has announced today that it is expanding its peer-to-peer truck sharing platform COOP to Orlando, Florida. "Hundreds of businesses have already generated revenue through COOP by sharing their commercial vehicles on the platform," said Rich Mohr, the CTO of fleet management solutions at Ryder System.
- Simply Wall St.
Do You Know What Ryder System, Inc.'s (NYSE:R) P/E Ratio Means?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show...
- Zacks
Why Is Ryder (R) Down 11.5% Since Last Earnings Report?
Ryder (R) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Thomson Reuters StreetEvents
Edited Transcript of R earnings conference call or presentation 30-Jul-19 3:00pm GMT
Q2 2019 Ryder System Inc Earnings Call
- InvestorPlace
10 Cheap Dividend Stocks to Load Up On
Although the market's near-7% setback suffered since its late-July high is neither devastating nor unusual, it has certainly been frustrating all the same. Many investors who were lured into the idea of "chasing performance" ended up being punished for doing so, even with Tuesday's bounce.The selloff isn't necessarily a reason to throw in the towel altogether though. Indeed, for income-minded investors willing to forego some excitement in the name of consistency will find the marketwide weakness has up-ended even some of the highest-quality dividend stocks. Many of these names can not only be purchased at below-average valuation, but at above-average yields. Your return on these cheap stocks to buy is based on your entry price. * 15 Growth Stocks to Buy for the Long Haul To that end, here's a rundown of ten dividend stocks to buy while the market's bearish tide has made them too cheap to ignore. They may not be at their absolute bottom yet, but they've given up far more ground than they ever should have been allowed to give up.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cheap Dividend Stocks to Buy: Pfizer (PFE)Source: Kojach Via FlickrDividend Yield: 3.96% Forward Price-to-Earnings Ratio: 12.6Pfizer (NYSE:PFE) can be considered cheap for one simple reason. That is, it's down nearly 20% year-to-date, reaching a 14-month low on Monday.The most recent portion of that weakness stems from the decision to sell its "off-patent" Upjohn division to rival drugmaker Mylan (NASDAQ:MYL), though clearly investors were losing interest -- and faith -- in PFE stock well before that announcement was made late last month. The expiration of key patents on blockbuster drug Lyrica has also weighed on investors' minds, as has a broad uncertainty over which piece of the healthcare market will bear the bulk of the burden for lowering costs.The doubters may have overshot their target though. Pfizer is now yielding 3.96%, and trades at only 12.6 times its (pre-spinoff) 2020 earnings. Chemours Co (CC)Source: Shutterstock Dividend Yield: 8% Forward P/E: 2.9The bulk of the recent weakness Chemours Co (NYSE:CC) shares have demonstrated reflects a potential legal liability related to its manufacture of perfluorochemicals (PFAs) which are used to make, among other things, Teflon cookware.The company's woes go well beyond that one stumbling block though. North America's titanium dioxide market is also running into a headwind, hitting Chemours in where it hurts the most. Its fiscal second-quarter titanium dioxide fell 35% year-over-year. * 10 Stocks Under $5 to Buy for Fall The worst-case scenario may well be fully priced in, however. Although this year is set to be a tough one, analysts are modeling an 11% turnaround in next year's revenue, prompting a sizeable recovery of this year's 52% earnings decline. The stock's yielding 8% in the meantime, on a dividend the company makes a point of paying if at all possible. AES (AES)Source: Shutterstock Dividend Yield: 3.6% Forward P/E: 10.6The second-quarter report from utility name AES (NYSE:AES) was anything but thrilling. Not only did income of 26 cents per share fall short of the 27 cents per share analysts were expecting, revenue was down a little more than 2%.The subsequent pullback added to an existing selloff. AES stock is now down nearly 17% from its March high, as the market seeks to right-price this otherwise reliable player in an unclear interest rate environment.For the most part, investors are forgetting that while it's not a high-growth vehicle, like most utility names, this one's rather well shielded from economic ebbs and flows that could disrupt its dividend … a dividend that has not failed to grow in any year since 2013. Molson Coors Brewing (TAP)Source: Drew Stephens via FlickrDividend Yield: 4.4% Forward P/E: 11.8For a handful of reasons, Molson Coors Brewing (NYSE:TAP) has been unable to restore its former greatness. The name behind not just Coors and Molson, but brands like Blue Moon, Ice House and Miller, just hasn't resonated with consumers like it did in the past. Beer drinkers are now opting for something else, particularly in the United States where it desperately needs to thrive. * 10 Real Estate Investments to Ride Out the Current Storm The full extent of the headwind may have already done all the damage it could do though. Next year's sales should essentially be flat, and the earnings decline is finally expected to abate; 2020's projected income of $4.48 per share is only a tiny fraction better than this year's likely bottom line of $4.45. But, that's enough (and then some) to fund the dividend going forward. It has only paid out $1.63 over the course of the past four quarters. The Carlyle Group (CG)Source: Shutterstock Dividend Yield: 6.5% Forward P/E: 8.7Technically speaking it's not a stock. Nevertheless, The Carlyle Group (NASDAQ:CG) has earned a spot on a list of cheap dividend stocks to buy because the yield of 6.5% is well above the market's average at this time. The S&P 500, for perspective, is yielding right around 1.9%.The Carlyle Group is usually categorized as an asset management outfit, although that's not quite what it does. The organization is a private equity and business-development player. It owns equity in, lends money to or outright owns smaller companies that may not otherwise be accessible to investors through a publicly-traded instrument.It's a structure that's ideal for dividend payments. Inasmuch as its portfolio of companies don't have public shareholders themselves, these businesses can be managed first and foremost with cash flow in mind. Seagate Technology (STX)Source: Shutterstock Dividend Yield: 5.6% Forward P/E: 9.3Much like its peer Micron Technology (NASDAQ:MU), in 2018 Seagate Technology (NASDAQ:STX) found itself to be a victim of a glut it helped create. With an exaggerated response to demand at the time, chip manufacturers ramped up their output of volatile memory (RAM) as well as data-storage drives that largely destroyed their pricing power.That glut finally appears to be abating. Although just barely, prices for NAND and DRAM have stopped falling, and have begun logging higher highs. * 7 Education Stocks to Buy for the Future of Academia Micron is certainly a bargain too, now that there's a light at the end of the tunnel. Seagate Technology is the better dividend name, however, yielding 5.6% and priced at less than ten times next year's expected earnings. Cardinal Health (CAH)Source: Via WikimediaDividend Yield: 4.4% Forward P/E: 8.6Cardinal Health (NYSE:CAH) is a supplier of all sorts of solutions to the healthcare industry. From pharmaceuticals to surgical supplies to services that help hospitals better manage operations like billing and reimbursement, the well-established company keeps caregivers in action.The non-cyclical nature of the business doesn't mean the company doesn't face competition and headwinds though. Indeed, CAH stock has been cut in half since its early 2015 high, reaching new multi-year lows last week. Its performance has been so bad, in fact, that frustrated shareholders are now prepping class-action suits.In the midst of that frenzied doubt is when CAH stock could be most trade-worthy, however. It just topped its quarterly-earnings expectations, earning $1.11 versus estimates of only 93 cents. And the pros are calling for an earnings rebound this year. AT&T (T)Source: Shutterstock Dividend Yield: 5.9% Forward P/E: 9.6AT&T (NYSE:T) took its eye off the ball in 2016. Admittedly, the long-belabored effort to acquire Time Warner was distracting, but the telecom giant's woes weren't just related to that difficult deal. Its DirecTV acquisition has created more problems than profit, and the company seemingly became complacent with its position as the No. 2 wireless provider in the United States.There's a reason T stock is up almost 30% from its late-December low, however, snapping out of a long-standing downtrend in the process. And, Time Warner isn't a core part of the bullish rationale. Investors are starting to realize what the advent of 5G could mean for the telecom market, and for AT&T in particular. * 10 Stocks Under $5 to Buy for Fall As Will Healy put it last week, "the 5G network that burdened the company for years may soon give AT&T a level of pricing power not seen since its days as a monopoly. Moreover, even if T stock stagnates in the near-term, investors can collect a generous, increasing dividend." Ryder System (R)Source: Shutterstock Dividend Yield: 4.4% Forward P/E: 8.3Most investors will recognize the name Ryder System (NYSE:R) as the company that rents moving vans and self-driven trucks to consumers, and that's certainly a key part of its business. The company is so much more than that, however. Ryder also arranges for long-term corporate leases of heavy haulers, offers fleet maintenance services and will even manage the delivery aspect of a supply chain for its customers.It's anything but a recession-proof business. And, with the economy seemingly slowing down against a backdrop of never-ending tariff chatter, R stock doesn't feel like the safest name to own.With a yield of 4.4% and the equally good chance that the global economy is going to be rekindled by an eventual end to the tariff war though, Ryder System is arguably too cheap to pass up at less than nine times next year's expected earnings. Citigroup (C)Source: Shutterstock Dividend Yield: 3.1% Forward P/E: 7.8Finally, add Citigroup (NYSE:C) to your list of dividend stocks to buy sooner rather than later.Yes, it certainly appears to be in the wrong place at the wrong time. Lower interest rates make the business of lending money less profitable by compressing the spread between its costs of capital and what it's able to charge borrowers. And, two weeks ago the big bank confirmed it … its reducing its base lending rate by a quarter of a percentage, from 5.5% to 5.25%. The move impacted all new loans made since Aug. 1.The assumptions about the depth of the impact may be overblown though. Even as he was explaining the rationale for last month's quarter-point rate cut, Federal Reserve Chairman Jerome Powell was already cautioning that the FOMC reserves the right to ramp up rates again if it sees any hint of unchecked inflation. Reading between the lines, it's a subtle clue that the Fed doesn't want to cut rates again when it will have a chance to in September. * 7 5G Stocks to Buy Now for the Future All the worst possible news may already be priced into C stock, and more.As of this writing, James Brumley held a long position in AT&T. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post 10 Cheap Dividend Stocks to Load Up On appeared first on InvestorPlace.
- Simply Wall St.
How Ryder System, Inc. (NYSE:R) Could Add Value To Your Portfolio
Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on...
- Zacks
Ryder's (R) Q2 Earnings In Line, Stock Down on Soft EPS View
Weakness related to used vehicle sales hurts Ryder's (R) second-quarter 2019 results.
Motley FoolRyder System Inc (R) Q2 2019 Earnings Call Transcript
R earnings call for the period ending June 30, 2019.
- Benzinga
Ryder Posts Record Sales And Earnings Across All Segments
Ryder System Inc. (NYSE: R) reported record second-quarter total and operating revenue across its fleet management, dedicated transportation and supply chain segments. Second-quarter earnings per share were down 4 percent to $1.40 from $1.46 in the same period a year ago because of lower demand for both sleeper and day cab tractors. Record second-quarter operating revenue was up 11 percent to $1.8 billion.
- Zacks
Ryder (R) Q2 Earnings Match Estimates
Ryder (R) delivered earnings and revenue surprises of 0.00% and -0.47%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Benzinga
Ryder System's Q2 Earnings Outlook
Ryder System (NYSE: R ) unveils its next round of earnings this Tuesday, July 30. Here is Benzinga's everything-that-matters guide for the earnings announcement. Earnings and Revenue Analysts predict Ryder ...
- Zacks
Why Ryder (R) Could Beat Earnings Estimates Again
Ryder (R) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- GuruFocus.com
FPA Capital Continues to Buy Cheesecake Factory
Firm’s largest buys of past 2 quarters Continue reading...
- Zacks
Wabtec (WAB) to Report Q2 Earnings: What's in the Offing?
High operating expenses might hurt Wabtec's (WAB) second-quarter 2019 results. However, the inclusion of GE transportation products in its portfolio should boost the top line.
- Zacks
Ryder (R) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Ryder (R) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
4 Transportation Stocks Set to Beat Q2 Earnings Estimates
Despite headwinds like declining shipments, Q2 results of transportation stocks are likely to be aided by tailwinds like upbeat passenger revenues and e-commerce growth.
- Simply Wall St.
Should You Be Pleased About The CEO Pay At Ryder System, Inc.'s (NYSE:R)
In 2013 Robert Sanchez was appointed CEO of Ryder System, Inc. (NYSE:R). This analysis aims first to contrast CEO...
- Zacks
Is a Beat Likely for American Airlines (AAL) in Q2 Earnings?
American Airlines' (AAL) second-quarter 2019 results are likely to be driven by an uptick in passenger revenues. However, non-fuel unit costs are expected to increase, limiting bottom-line growth.
- Zacks
Factors Likely to Shape Norfolk Southern's (NSC) Q2 Earnings
Norfolk Sothern's (NSC) second-quarter 2019 results are likely to be hurt by the bleak freight scenario. However, cost-control efforts might drive the bottom line.
- Markit
See what the IHS Markit Score report has to say about Ryder System Inc.
Ryder System Inc NYSE:RView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for R with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding R are favorable, with net inflows of $7.47 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. Although R credit default swap spreads are decreasing, they remain near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- MarketWatch
Dow transports drops, despite Dow industrials reaching an intraday record
The Dow Jones Transportation Average slumped 0.5% in morning trading Wednesday, with 14 of its 20 components losing ground, the buck the gains seen in the broader stock market toward record highs. The biggest decliners within the transports tracker were shares of Avis Budget Group Inc. , which fell 2.5%; Ryder System Inc. , which lost 2.0% and Expeditors International of Washington Inc. , which declined 1.9%. The biggest gainer was American Airlines Group Inc.'s stock , which rose 1.7% after the air carrier raised its second-quarter unit revenue guidance, citing lower-than-expected seat supply. Meanwhile, the Dow transports' sister index, the Dow Jones Industrial Average rose 43 points, or 0.2%, with 19 of 30 components losing ground. While the Dow industrials had reached an all-time intraday high of 26,983.45 earlier in the session, the Dow transports' intraday high of 10,436.43 was 10.2% below the intraday record of 11,623.58 reached on Sept. 14, 2018.
- Simply Wall St.
Should You Worry About Ryder System, Inc.’s (NYSE:R) ROCE?
Today we are going to look at Ryder System, Inc. (NYSE:R) to see whether it might be an attractive investment...
