Ryder System, Inc. (R) To Go Ex-Dividend on November 18th

Ryder System, Inc. (NYSE:R) declared a quarterly dividend on Wednesday, October 9th, Zacks reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.81 per share by the transportation company on Friday, December 20th. This represents a $3.24 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, November 18th.

Ryder System has increased its dividend by an average of 5.9% per year over the last three years and has raised its dividend annually for the last 20 consecutive years. Ryder System has a payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ryder System to earn $14.32 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 22.6%.

Ryder System Stock Up 1.1 %

Shares of NYSE R traded up $1.65 during mid-day trading on Friday, hitting $148.20. The company had a trading volume of 5,455 shares, compared to its average volume of 258,764. 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 company has a market capitalization of $6.41 billion, a PE ratio of 13.42 and a beta of 1.28. The business’s 50-day simple moving average is $139.92 and its 200 day simple moving average is $128.75. Ryder System has a 1-year low of $91.31 and a 1-year high of $150.00.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.87 by $0.13. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the firm posted $3.61 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. On average, analysts predict that Ryder System will post 12.2 earnings per share for the current year.

Analyst Ratings Changes

R has been the subject of a number of research reports. Stephens started coverage on shares of Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating for the company. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Vertical Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and raised their target price for the stock from $125.00 to $145.00 in a research note on Friday, June 14th. Finally, Robert W. Baird lifted their target price on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Insider Buying and Selling

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were 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 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 filing with the SEC, which is available at the SEC website. 5.10% of the stock is currently owned by company insiders.

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.