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

Ryder System (NYSE:R) issued its quarterly earnings data on Tuesday. The transportation company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.43, Briefing.com reports. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. Ryder System’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.81 earnings per share.

Ryder System Stock Down 1.8 %

NYSE:R traded down $2.21 during mid-day trading on Wednesday, hitting $119.80. The company had a trading volume of 125,935 shares, compared to its average volume of 258,015. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 13.85 and a beta of 1.40. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.80. Ryder System has a 1 year low of $76.15 and a 1 year high of $122.94. The business has a fifty day simple moving average of $114.26 and a 200-day simple moving average of $110.58.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Friday, February 16th. Ryder System’s dividend payout ratio (DPR) is presently 32.53%.

Insider Buying and Selling

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.