Ryder System (NYSE:R) Issues Earnings Results

Ryder System (NYSE:R - Get Free Report) released its quarterly earnings results on Tuesday. The transportation company reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.06 billion. During the same period in the previous year, the firm posted $2.81 earnings per share. The business's revenue for the quarter was up 4.9% compared to the same quarter last year.

Ryder System Trading Up 0.2 %

NYSE:R traded up $0.20 on Wednesday, hitting $122.21. 509,590 shares of the stock were exchanged, compared to its average volume of 263,139. The stock has a market cap of $5.41 billion, a PE 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. The stock has a fifty day moving average of $114.26 and a 200-day moving average of $110.58. Ryder System has a fifty-two week low of $76.15 and a fifty-two week high of $122.94.

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 paid a dividend of $0.71 per share. The ex-dividend date was Friday, February 16th. This represents a $2.84 annualized dividend and a yield of 2.32%. Ryder System's dividend payout ratio is presently 32.53%.

Analyst Ratings Changes

A number of research firms have recently weighed in on R. Robert W. Baird reissued a "buy" rating and issued a $140.00 price target on shares of Ryder System in a report on Wednesday, January 3rd. Vertical Research cut Ryder System from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Wednesday, January 10th. The Goldman Sachs Group boosted their price target on Ryder System from $122.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday. StockNews.com lowered Ryder System from a "buy" rating to a "hold" rating in a research note on Saturday, April 13th. Finally, Wells Fargo & Company upped their target price 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. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $123.71.

Insiders Place Their Bets

In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the company's stock in a transaction dated Wednesday, February 28th. The stock was 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 directly owns 12,396 shares in the company, valued at $1,406,698.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is currently owned by insiders.

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.