Ryder System (NYSE:R – Get Free Report) 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
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.
Check Out Our Latest Analysis on R
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.
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