Ryder System (NYSE:R) Issues Earnings Results

Ryder System (NYSE:R) announced its quarterly earnings results on Thursday. The transportation company reported $3.44 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the business posted $3.58 EPS. Ryder System’s quarterly revenue was up 8.3% on a year-over-year basis.

Ryder System Price Performance

Shares of R traded up $0.73 during mid-day trading on Friday, reaching $139.59. The company had a trading volume of 102,675 shares, compared to its average volume of 261,224. Ryder System has a twelve month low of $91.31 and a twelve month high of $154.76. 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’s 50-day moving average is $142.90 and its 200-day moving average is $130.81. The company has a market capitalization of $6.12 billion, a P/E ratio of 18.23 and a beta of 1.28.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend yield of 2.32%. Ryder System’s payout ratio is presently 42.19%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on R shares. Stephens started coverage on shares of Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating for the company. JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday. Robert W. Baird increased their price target 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. Finally, StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Ryder System has an average rating of “Moderate Buy” and an average target price of $140.57.

Insider Transactions at Ryder System

In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.10% of the stock is currently owned by 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.