Ryder System (NYSE:R) Announces Quarterly Earnings Results

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

Ryder System Stock Up 0.6 %

NYSE R traded up $0.81 during trading on Friday, reaching $139.67. 110,405 shares of the company’s stock traded hands, compared to its average volume of 261,261. 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 firm has a market cap of $6.12 billion, a price-to-earnings ratio of 18.23 and a beta of 1.28. The company’s 50 day simple moving average is $142.90 and its two-hundred day simple moving average is $130.81. Ryder System has a 12-month low of $91.31 and a 12-month high of $154.76.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is 42.19%.

Insider Buying and Selling at Ryder System

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm’s stock in a transaction dated 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on R. Stephens began 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. decreased their price objective on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Monday. Finally, Robert W. Baird lifted their price objective 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Ryder System has a consensus rating of “Moderate Buy” and an average price target 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.