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

Ryder System (NYSE:R) announced its earnings results on Tuesday. The transportation company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.71 by $0.43, Briefing.com reports. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. Ryder System’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.81 EPS.

Ryder System Price Performance

Shares of NYSE R opened at $122.21 on Thursday. The firm has a market cap of $5.40 billion, a PE ratio of 14.00 and a beta of 1.40. The company has a current ratio of 1.11, a quick ratio of 0.62 and a debt-to-equity ratio of 2.46. Ryder System has a 1-year low of $76.15 and a 1-year high of $122.94. The company has a fifty day moving average price of $114.49 and a 200 day moving average price of $110.66.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 20th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is 32.53%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their target price on Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Robert W. Baird restated a “buy” rating and issued a $140.00 price objective on shares of Ryder System in a research report on Wednesday, January 3rd. Vertical Research cut shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $123.71.

Insider Buying and Selling

In related news, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the transaction, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.10% of the company’s stock.

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.