RYDER INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Ryder System, Inc. - R
Ryder System, Inc. (R)
Last ryder system, inc. earnings: 4/29 07:55 am
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Source: Business Wire
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Ryder System, Inc. (NYSE: R).In July 2019, the Company greatly lowered its full-year 2019 earnings forecast indicating that most of the lowered guidance reflected its weaker valuations of its tractors. Then, in October 2019, the Company disclosed that it was reducing its residual value estimates by $844 million. Then, on February 13, 2020, the Company disclosed that, due to significant reductions to the residual value of its trucking fleet, it had taken a total of $357 million in depreciation expense for 2019 and a loss of approximately $58 million on used vehicle sales, and that it expected to incur another $275 million in depreciation expense on its fleet and an additional $20 million estimated loss on used vehicle sales in 2020.The Company has been sued in a securities
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R
News
- Ryder System, Inc. (NYSE: R) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $122.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
- Ryder System, Inc. (NYSE: R) had its price target raised by analysts at JPMorgan Chase & Co. from $120.00 to $126.00. They now have a "neutral" rating on the stock.MarketBeat
- Ryder System, Inc. (NYSE: R) had its price target raised by analysts at Stephens from $113.00 to $120.00. They now have an "equal weight" rating on the stock.MarketBeat
- Ryder (R) Q1 Earnings & Revenues Beat, 2024 EPS View Up [Yahoo! Finance]Yahoo! Finance
- Ryder System, Inc. (R) Hit a 52 Week High, Can the Run Continue? [Yahoo! Finance]Yahoo! Finance
R
Earnings
- 4/23/24 - Beat
R
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/10/24 - Form DEFA14A
- R's page on the SEC website