Ryder System (NYSE:R) Issues Earnings Results

Ryder System (NYSE:R) released its earnings results on Thursday. The transportation company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13, Briefing.com reports. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.24 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.61 EPS.

Ryder System Price Performance

Shares of R opened at $132.17 on Friday. Ryder System has a 12-month low of $91.31 and a 12-month high of $136.41. The business’s fifty day moving average is $123.82 and its 200 day moving average is $118.95. The company has a quick ratio of 0.82, a current ratio of 1.13 and a debt-to-equity ratio of 2.45. The stock has a market cap of $5.79 billion, a P/E ratio of 17.21 and a beta of 1.29.

Ryder System Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Monday, August 19th will be issued a $0.81 dividend. This is a boost from Ryder System’s previous quarterly dividend of $0.71. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Monday, August 19th. Ryder System’s dividend payout ratio (DPR) is currently 36.98%.

Insider Buying and Selling

In related news, CMO Karen M. Jones sold 6,776 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $120.44, for a total value of $816,101.44. Following the transaction, the chief marketing officer now directly owns 5,666 shares in the company, valued at approximately $682,413.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Ryder System news, CMO Karen M. Jones sold 6,776 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $120.44, for a total transaction of $816,101.44. Following the transaction, the chief marketing officer now directly owns 5,666 shares in the company, valued at approximately $682,413.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Sanford J. Hodes sold 3,360 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $125.59, for a total value of $421,982.40. Following the transaction, the senior vice president now owns 24,119 shares in the company, valued at $3,029,105.21. The disclosure for this sale can be found here. Insiders have sold a total of 84,129 shares of company stock worth $10,598,226 in the last ninety days. Corporate insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on R shares. Stephens started coverage on shares of Ryder System in a research report on Monday, July 8th. They set an “equal weight” rating for the company. StockNews.com downgraded shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. reduced their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Vertical Research raised shares of Ryder System from a “hold” rating to a “buy” rating and raised their price objective for the stock from $125.00 to $145.00 in a research report on Friday, June 14th. Finally, Robert W. Baird raised their price objective on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.86.

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.