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

Ryder System (NYSE:R) posted 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. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the company earned $2.81 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year.

Ryder System Stock Performance

Ryder System stock traded down $3.00 during midday trading on Wednesday, reaching $119.01. The stock had a trading volume of 152,656 shares, compared to its average volume of 258,476. Ryder System has a 12 month low of $76.15 and a 12 month high of $122.94. The firm’s 50-day moving average price is $114.26 and its 200 day moving average price is $110.58. The firm has a market capitalization of $5.26 billion, a PE ratio of 13.85 and a beta of 1.40. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.80.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is currently 32.53%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on R. JPMorgan Chase & Co. raised their price target on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday. Robert W. Baird restated a “buy” rating and set a $140.00 price target on shares of Ryder System in a report on Wednesday, January 3rd. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Wells Fargo & Company lifted their price objective on shares of Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Finally, Stephens lifted their price objective on shares of Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $123.71.

Insider Activity at Ryder System

In related news, CMO Karen M. Jones sold 7,737 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total value of $877,994.76. Following the sale, the chief marketing officer now directly owns 12,396 shares in the company, valued at approximately $1,406,698.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.10% of the stock is currently owned by company 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.