Ryder System (NYSE:R) Announces Quarterly Earnings Results

Ryder System (NYSE:R) released its earnings results on Tuesday. The transportation company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.71 by $0.43, Briefing.com reports. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. Ryder System’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $2.81 EPS.

Ryder System Price Performance

NYSE R opened at $122.39 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.82 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $5.36 billion, a PE ratio of 15.94 and a beta of 1.40. The company has a 50 day moving average price of $114.74 and a two-hundred day moving average price of $110.74. Ryder System has a 12-month low of $76.15 and a 12-month high of $123.45.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio is currently 36.98%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Vertical Research cut shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Wednesday, January 10th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on shares of Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group lifted their target price on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $123.71.

Insider Buying and Selling at Ryder System

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of Ryder System stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the sale, the chief marketing officer now directly owns 12,396 shares in the company, valued at $1,406,698.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

About Ryder System

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.