3 Stocks Seeing New Price Movement Since Earnings Reports
Ryder System Inc. (NYSE:R) reported its results for the fourth quarter. Net income for the rental and leasing services company rose to $48.1 million (93 cents per share) vs. $37.1 million (72 cents per share) in the same quarter a year earlier. This marks a rise of 29.6% from the year earlier quarter. Revenue rose 17.3% to $1.54 billion from the year earlier quarter. Ryder System Inc. reported adjusted net income of 97 cents per share. By that measure, the company fell in line with the mean estimate of 97 cents per share. Analysts were expecting revenue of $1.54 billion.
Commenting on the Company’s full-year 2011 performance, Ryder Chairman and CEO Greg Swienton said, “In 2011, we delivered significantly higher, double-digit growth in both revenue and earnings despite volatile economic conditions. Our transactional products, including commercial rental and used vehicle sales, continued to perform exceptionally well, showing improvement not only in volumes, but commanding better pricing as well. In our contractual business, our largest product line, full service lease, began to show organic fleet growth in the latter part of the year, and we also saw significant organic improvement in Supply Chain Solutions. Although Dedicated Contract Carriage earnings showed an increase for the year, segment results were lower than our expectations. We generated very strong performance from the integration of five immediately accretive acquisitions completed since December of 2010. We also achieved a positive spread between our return on capital and cost of capital, and improved our return on equity by 350 basis points to 11.9%. In view of these factors, we have entered 2012 with good momentum, specific initiatives in place to accelerate organic growth, and confidence in our ability to deliver increased revenue and earnings even with only modest economic improvement anticipated in 2012.”
Competitors to Watch: Pacer International, Inc. (NASDAQ:PACR), J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT), Northgate plc (NYSE:NTG), Hub Group, Inc. (NASDAQ:HUBG), Avis Budget Group Inc. (NYSE:CAR), AMERCO (NASDAQ:UHAL), UTi Worldwide Inc. (NASDAQ:UTIW), Expeditors Intl. of Washington (NASDAQ:EXPD), Hub Group, Inc. (NASDAQ:HUBG), Roadrunner Transportation Services Hold. (NYSE:RRTS), Echo Global Logistics, Inc. (NASDAQ:ECHO), Vitran Corp., Inc. (NASDAQ:VTNC), FedEx (NYSE:FDX), United Parcel Service, Inc. (NYSE:UPS).
Roper Industries Inc. (NYSE:ROP) reported its results for the fourth quarter. Net income for the industrial equipment and components company rose to $121.7 million ($1.23 per share) vs. $107.3 million ($1.11 per share) in the same quarter a year earlier. This marks a rise of 13.4% from the year earlier quarter. Revenue rose 8.8% to $739.2 million from the year earlier quarter. Roper Industries Inc. beat the mean analyst estimate of $1.21 per share. It fell short of the average revenue estimate of $760.4 million.
“We achieved a new milestone in the fourth quarter as EBITDA reached $222 million and EBITDA margin expanded to an all-time record of 30.1% of sales” said Brian Jellison, Roper’s Chairman, President and CEO. “Our businesses performed exceptionally well with 7% organic growth, continued margin expansion and record cash flow generation.”
Competitors to Watch: Danaher Corporation (NYSE:DHR), ESCO Technologies Inc. (NYSE:ESE), AMETEK, Inc. (NYSE:AME), Emerson Electric Co. (NYSE:EMR), General Electric (NYSE:GE), Badger Meter, Inc. (NYSE:BMI), Cognex Corporation (NASDAQ:CGNX), Luna Innovations Inc. (NASDAQ:LUNA), Hurco Companies, Inc. (NASDAQ:HURC), Electro-Sensors, Inc. (NASDAQ:ELSE), and Schmitt Industries, Inc. (NASDAQ:SMIT).
Snap On Inc. (NYSE:SNA) reported net income above Wall Street’s expectations for the fourth quarter. Net income for Snap On Inc. rose to $74.3 million ($1.27 per share) vs. $57.9 million (99 cents per share) in the same quarter a year earlier. This marks a rise of 28.3% from the year earlier quarter. Revenue rose 5.7% to $736.6 million from the year earlier quarter. Snap On Inc. beat the mean analyst estimate of $1.17 per share. Analysts were expecting revenue of $750.3 million.
“Our fourth quarter results extend our ongoing trend of year-over-year increases in sales and earnings,” said Nick Pinchuk, Snap-on chairman and chief executive officer. “We believe they once again offer clear testimony to the continued advancements we’re making along our defined runways for coherent growth, which are those strategic areas of importance we have identified as being decisive to our future: enhancing the franchise network, expanding in the vehicle repair garage, extending into critical industries, and building in emerging markets. We further believe our fourth quarter and full year 2011 performance underscores our commitment to the Snap-on Value Creation Processes, which has enabled us to further navigate our runways for improvement in the crucial areas of safety, quality, customer connection, innovation and rapid continuous improvement (NYSE:RCI) and has fueled our ongoing trend of increasing profitability.”
Competitors to Watch: The L.S. Starrett Company (NYSE:SCX), Stanley Black & Decker, Inc. (NYSE:SWK), The Home Depot, Inc. (NYSE:HD), Lowe’s (NYSE:LOW) and P & F Industries, Inc. (NASDAQ:PFIN).
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