Deployment of Alternative Fuel Vehicles, Acquisitions, Prestigious Industry -Wide Awards, and Quarterly Results and Dividends - Research Report on Avis, JB Hunt, Ryder, Old Dominion and FLY Editor Note: For more information about this release, please scroll to bottom
NEW YORK, July 19, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Avis Budget Group, Inc. (NASDAQ: CAR), JB Hunt Transport Services Inc. (NASDAQ: JBHT), Ryder System, Inc. (NYSE: R), Old Dominion Freight Line Inc. (NASDAQ: ODFL) and FLY Leasing Limited (NYSE: FLY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Avis Budget Group, Inc. Research Report
On July 15, 2013, Avis Budget Group, Inc. (Avis) announced its acquisition of Payless Car Rental (Payless) for approximately $50 million in cash. According to Avis, Payless is the 6th largest car rental company in North America and generates $80 million in annual revenue. "Payless expands our global footprint, enables us to support Budget's mid-tier brand positioning, and gives us greater flexibility to capitalize on opportunities in an additional segment of the car rental market in order to help accelerate our growth," said Ronald L. Nelson, Avis Budget Group Chairman and Chief Executive Officer. "At the same time, we expect this transaction to generate an attractive return on our investment." The Company expects the addition of the Payless brand to give Avis Budget Group a strong position in the fast-growing deep-value segment of the car rental industry. The Full Research Report on Avis Budget Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2e8d_CAR]
JB Hunt Transport Services Inc. Research Report
On July 15, 2013, J.B. Hunt Transport Services (J.B. Hunt) reported its Q2 2013 financial results. The Company reported net earnings of $87.7 million, or diluted EPS of $0.73, compared to Q2 2012 net earnings of $80.5 million, or diluted EPS of $0.67. Total operating revenue was $1.4 billion, compared with $1.3 billion in Q2 2012. Also, operating income came in at $147 million, higher as compared to $137 million in Q2 2012. According to the Company, the increase in operating income was primarily due to load growth, partially offset by implementation expenditures in Dedicated Contract Services (DCS) segment for two private fleet conversion contracts, write-off of abandoned shared technology costs, loss on the destruction of equipment involved in two train derailments, increases in equipment costs, fewer gains on revenue equipment sales and higher driver recruiting and wage costs. The Full Research Report on JB Hunt Transport Services Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/34e2_JBHT]
Ryder System, Inc. Research Report
On July 11, 2013, Ryder System Inc. (Ryder) announced the opening of the very first natural gas fueling stations in its North American network to serve both the general public and Ryder lease and rental customers. The Liquefied to Compressed Natural Gas (LCNG) stations are located in Orange, California and Fontana, California. "The completion of these two LCNG fueling stations is a critical milestone demonstrating Ryder's commitment to the deployment of alternative fuel vehicles," stated Robert Sanchez, Chairman and Chief Executive Officer for Ryder. "As a provider of full service lease, commercial rental fleet, and third party logistics services, our business model puts us in a unique position to enable more fleets to convert to natural gas and realize the benefits of this cost-effective, clean, and domestic energy source." The Company informed that the opening of these stations is the culmination of a commitment under the Ryder/SANBAG Natural Gas Vehicle project, a $38.7 million project funded as part of a joint public/private industry partnership between the San Bernardino Associated Governments (SANBAG), the Southern California Association of Governments (SCAG), the U.S. Department of Energy, the California Energy Commission, and Ryder. The Full Research Report on Ryder System, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4e10_R]
Old Dominion Freight Line Inc. Research Report
On July 16, 2013, Old Dominion Freight Line Inc. (Old Dominion) announced that it has been named by Inbound Logistics to its 75 Green Supply Chain Partners (G75) list. The Company was recognized by the American Trucking Associations' Supply Chain Security & Loss Prevention Council with a pair of prestigious industry awards for its commitment to security and loss prevention: the ATA Excellence in Security Award and the Excellence in Claims & Loss Prevention. "Old Dominion put together an impressive record of serving customers and protecting not just the shipments they were entrusted with, but the entire supply chain they are a critical part of," said Bill Graves, President and Chief Executive Officer of ATA. The awards are the only industry-wide awards of their kind. The Full Research Report on Old Dominion Freight Line Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e93c_ODFL]
FLY Leasing Limited Research Report
On July 15, 2013, FLY Leasing Limited (FLY) announced that it has declared its Q2 2013 quarterly cash dividend of $0.22 per common share. FLY informed that the dividend will be payable on August 20, 2013, to shareholders of record on July 31, 2013. The Company reported that it has declared 23 consecutive quarterly cash dividends since it went public on the NYSE in 2007. The Full Research Report on FLY Leasing Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/33c3_FLY]
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SOURCE Analysts' Corner