Advertisement
Ryder System Guides FY23 Adj. EPS Above Estimates; Authorizes 2 Mln Share Buyback - Update
(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Ryder System, Inc. (R) initiated its earnings, comparable earnings and revenue growth guidance for the full-year 2023. The company also provided financial outlook for the first quarter.
For fiscal 2022, the company now projects earnings in a range of $6.44 to $7.44 per share and comparable earnings in a range of $11.05 to $12.05 per share on total revenue growth of about 2 percent and operating revenue growth of about 4 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $10.91 per share on revenue relatively flat at $11.93 billion for the year. Analysts' estimates usually exclude special items.
For the first quarter, the company expects earnings in a range of $2.50 to $2.75 per share and comparable earnings in a range of $2.75 to $3.00 per share. The Street is looking for earnings of $2.91 per share for the quarter.
Additionally, the company's Board of Directors has authorized a new discretionary share repurchase program of up to 2 million shares of common stock at the discretion of Ryder management from February 10, 2023 through February 10, 2025 (two years).
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Ryder System Boosts FY24 Earnings Outlook As Q1 Results Top Estimates
Ryder System Guides FY24 Adj. EPS In Line With Estimates - Update
Ryder To Induct 4,000 Addl. BrightDrop Electric Vans To Its Fleet Through 2025
U.S. Dollar Higher On Trade Hopes
Swiss Market Ends On Firm Note On Upbeat Industrial Production Data
European Stocks Close Week On Positive Note
Canadian Market Recovers After Weak Start; TSX Up Marginally
