Ryder System (NYSE:R) updated its FY18 earnings guidance on Friday. The company provided earnings per share guidance of $5.40-5.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.00. Ryder System also updated its Q1 guidance to 0.83-0.90 EPS.

Several research firms have weighed in on R. Zacks Investment Research upgraded Ryder System from a sell rating to a hold rating in a report on Tuesday, January 9th. Stifel Nicolaus reiterated a hold rating and set a $86.00 target price on shares of Ryder System in a report on Thursday, January 18th. ValuEngine lowered Ryder System from a buy rating to a hold rating in a report on Friday, November 10th. Finally, Buckingham Research lifted their target price on Ryder System from $92.00 to $93.00 and gave the stock a buy rating in a report on Wednesday, October 25th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $88.71.

Shares of Ryder System (NYSE R) opened at $84.74 on Friday. Ryder System has a 12 month low of $62.52 and a 12 month high of $90.26. The stock has a market capitalization of $4,490.00, a PE ratio of 22.84, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 2.39.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Tuesday, February 20th will be paid a $0.52 dividend. This is an increase from Ryder System’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.08 annualized dividend and a dividend yield of 2.45%. Ryder System’s dividend payout ratio (DPR) is currently 49.60%.

Ryder System announced that its board has initiated a stock buyback plan on Thursday, December 14th that permits the company to repurchase 1,500,000 outstanding shares. This repurchase authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other Ryder System news, EVP Robert D. Fatovic sold 17,755 shares of Ryder System stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $82.44, for a total value of $1,463,722.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.95% of the company’s stock.

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Ryder System Company Profile

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.

Earnings History and Estimates for Ryder System (NYSE:R)

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