Ryder System Raises FY19 Earnings Outlook - Quick Facts

(RTTNews) - While reporting financial results for the first quarter, Ryder System, Inc. (R) on Tuesday raised its comparable earnings guidance for the full-year 2019 to a range of $6.05 to $6.35 per share from the prior forecast range of $6.00 to $6.30 per share.

The company also now projects reported earnings for the year in a range of $5.28 to $5.58 per share, up from the prior outlook range of $5.18 to $5.48 per share.

Further, Ryder established a second-quarter earnings forecast in a range of $ $1.14 to $1.24 per share, and comparable earnings from continuing operations in the range of $1.34 to $1.44 per share.

On average, analysts polled by Thomson Reuters expect the company to earn $6.10 per share for the year and $1.52 per share for the quarter. Analysts' estimates usually exclude special items.