Ryder System (NYSE:R) Releases Earnings Results, Beats Estimates By $0.18 EPS

Key Points

• Ryder System reported quarterly EPS of $4.33, beating analysts’ $4.15 estimate by $0.18. Revenue rose 8.3% year over year to $2.76 billion, although it fell short of the $3.38 billion consensus estimate.
• The stock climbed 6.5% to $255.82 following the results. Ryder has a $9.81 billion market capitalization and trades at a price-to-earnings ratio of 20.73.
• Ryder declared a quarterly dividend of $1.01 per share, equivalent to $4.04 annually and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $284.12.

Ryder System (NYSE:R - Get Free Report) issued its quarterly earnings results on Thursday. The transportation company reported $4.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.15 by $0.18, FiscalAI reports. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the previous year, the company earned $3.57 EPS. The company's revenue for the quarter was up 8.3% on a year-over-year basis.

Ryder System Stock Up 6.5%

NYSE:R traded up $15.51 during trading hours on Thursday, reaching $255.82. The company had a trading volume of 129,936 shares, compared to its average volume of 357,898. Ryder System has a twelve month low of $157.67 and a twelve month high of $284.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. The firm has a market cap of $9.81 billion, a price-to-earnings ratio of 20.73 and a beta of 1.05. The business's 50-day simple moving average is $242.27 and its two-hundred day simple moving average is $248.67.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 23rd will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, November 23rd. Ryder System's dividend payout ratio (DPR) is presently 32.87%.

Analyst Upgrades and Downgrades

R has been the subject of a number of analyst reports. Morgan Stanley raised shares of Ryder System from an "overweight" rating to a "buy" rating in a research note on Monday, October 5th. Stephens raised shares of Ryder System to a "strong-buy" rating in a research report on Wednesday, July 8th. Robert W. Baird reaffirmed a "neutral" rating and set a $245.00 price target (down from $290.00) on shares of Ryder System in a research report on Tuesday, September 29th. Weiss Ratings reiterated a "buy (b)" rating on shares of Ryder System in a report on Monday, August 24th. Finally, Wall Street Zen raised Ryder System from a "buy" rating to a "strong-buy" rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $284.12.

Ryder System Company Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. Founded in 1933 by James Ryder and headquartered in Miami, Florida, the company serves businesses that rely on commercial vehicles, transportation networks and logistics infrastructure.

Through its Fleet Management Solutions business, Ryder offers full-service leasing, commercial vehicle rental, maintenance, fleet support and related services for trucks, tractors, trailers and other vehicles.

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