Back to top

Ryder System (R) Q4 Earnings Miss Estimates, Revenues Top

Read MoreHide Full Article

Ryder System (R - Free Report) reported lower-than-expected earnings, but better-than-expected revenues in the fourth quarter of 2016. The company’s adjusted earnings of $1.07 per share missed the Zacks Consensus Estimate of $1.40 per share. Earnings also declined on a year-over-year basis. The tough market for the used vehicles hurt results.

Ryder reported total revenues of $1,729 million, which beat the Zacks Consensus Estimate of $1,722.9 million. Revenues also increased 3.38% on a year-over-year basis.

Segment Results

Fleet Management Solutions: Total revenue was flat at $1.15 billion in the fourth quarter. Operating revenues (revenues excluding fuel) decreased 1% year over year to $992 million.

Dedicated Transportation Solutions: Total revenue came in at $257 million, up 11% from the year-ago quarter. Operating revenues (excluding fuel and subcontracted transportation) grew 3% year over year to $193.1million.

Supply Chain Solutions: Total revenue in the quarter under review was $430 million, up 10% year over year. Operating revenues (revenue excluding fuel and subcontracted transportation) increased 9% year over year to $197 million.

Ryder System, Inc. Price, Consensus and EPS Surprise

 

Ryder System, Inc. Price, Consensus and EPS Surprise | Ryder System, Inc. Quote

Liquidity

Ryder System exited the fourth quarter with cash and cash equivalents of $58.8 million compared with $60.9 million at year-end 2015. The company had total debt of $5,391.6 million as against $5,502.6 million at the end of 2015.

Guidance

This Zacks Rank #3 (Hold) company expects 2017 adjusted earnings in the band of $5.10 to $5.40 per share, while the Zacks Consensus Estimate is pegged at $5.76 per share. Moreover, the company expects first quarter 2017 adjusted earnings per share in the band of 82 cents to 92 cents and the Zacks Consensus Estimate to stand at $1.06 per share. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Important Releases Coming Up

Investors in the broader transportation space keenly await the fourth-quarter earnings reports of Spirit Airlines (SAVE - Free Report) , Alaska Air Group (ALK - Free Report) and Expeditors (EXPD - Free Report) , slated for release on Feb 7, Feb 8 and Feb 21, respectively.

Zacks’ Best Private Investment Ideas

In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?

Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>



More from Zacks Analyst Blog

You May Like

Published in