Ryder System (NYSE:R) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Ryder System (NYSE:R) released its quarterly earnings data on Thursday. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $3.29 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.58 EPS.

Ryder System Stock Up 0.6 %

Ryder System stock opened at $139.76 on Friday. Ryder System has a twelve month low of $91.31 and a twelve month high of $154.76. The stock has a 50 day moving average of $142.94 and a two-hundred day moving average of $130.95. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 18.20 and a beta of 1.28.

Ryder System Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.32%. Ryder System’s payout ratio is 42.19%.

Analyst Ratings Changes

Several research firms have recently issued reports on R. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Robert W. Baird upped their target price on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Stephens assumed coverage on Ryder System in a research report on Monday, July 8th. They issued an “equal weight” rating for the company. Finally, JPMorgan Chase & Co. decreased their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.57.

Insiders Place Their Bets

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the sale, the executive vice president now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is owned by 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.