Ryder System (NYSE:R) Issues Quarterly Earnings Results

Ryder System (NYSE:R) posted its quarterly 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. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period in the prior year, the company earned $2.81 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis.

Ryder System Stock 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 company has a market cap of $5.36 billion, a price-to-earnings ratio of 15.94 and a beta of 1.40. Ryder System has a 52 week low of $76.15 and a 52 week high of $123.45. The company has a fifty day simple moving average of $114.74 and a two-hundred day simple moving average of $110.74.

Ryder System Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently issued reports on R. Robert W. Baird reissued a “buy” rating and set a $140.00 target price on shares of Ryder System in a research note on Wednesday, January 3rd. Wells Fargo & Company increased 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 note on Thursday, February 15th. Vertical Research lowered shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Wednesday, January 10th. Stephens raised their price target on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Ryder System has an average rating of “Hold” and an average target price 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 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 transaction, 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 document filed 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.