Ryder System (NYSE:R) Announces Quarterly Earnings Results, Beats Estimates By $0.43 EPS

Ryder System (NYSE:R) posted its quarterly earnings data 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 return on equity of 19.68% and a net margin of 3.45%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the business earned $2.81 earnings per share. Ryder System’s revenue for the quarter was up 4.9% on a year-over-year basis.

Ryder System Stock Down 2.2 %

R traded down $2.63 on Wednesday, hitting $119.38. The company had a trading volume of 136,447 shares, compared to its average volume of 258,314. Ryder System has a 52-week low of $76.15 and a 52-week high of $122.94. The stock has a fifty day simple moving average of $114.26 and a 200-day simple moving average of $110.58. The firm has a market capitalization of $5.28 billion, a P/E ratio of 13.85 and a beta of 1.40. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.62 and a quick ratio of 0.62.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were issued a $0.71 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.84 annualized dividend and a yield of 2.38%. Ryder System’s dividend payout ratio (DPR) is presently 32.53%.

Insider Buying and Selling at Ryder System

In related news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the completion of the sale, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

R has been the topic of a number of recent research reports. Vertical Research cut Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Wednesday, January 10th. Wells Fargo & Company raised their price objective on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Robert W. Baird reaffirmed a “buy” rating and set a $140.00 price objective on shares of Ryder System in a research note on Wednesday, January 3rd. The Goldman Sachs Group raised their price objective on Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Stephens raised their price objective on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $123.71.

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.