Ryder System (NYSE:R) Issues Earnings Results

Ryder System (NYSE:R) issued its earnings results on Thursday. The transportation company reported $3.44 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $0.05, Briefing.com reports. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $3.58 earnings per share.

Ryder System Stock Up 0.8 %

Shares of R stock traded up $1.17 during mid-day trading on Friday, hitting $140.03. 82,022 shares of the stock traded hands, compared to its average volume of 261,124. Ryder System has a 52-week low of $91.31 and a 52-week high of $154.76. The stock has a market cap of $6.14 billion, a P/E ratio of 18.23 and a beta of 1.28. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74. The stock’s fifty day moving average is $142.90 and its two-hundred day moving average is $130.81.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.31%. Ryder System’s dividend payout ratio is presently 42.19%.

Insider Transactions at Ryder System

In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the transaction, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on R. Stephens started coverage on Ryder System in a report on Monday, July 8th. They set an “equal weight” rating on the stock. JPMorgan Chase & Co. cut their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Robert W. Baird raised their target price on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.57.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.