Ryder System (NYSE:R) Shares Gap Down on Disappointing Earnings

Key Points

• Ryder System's shares gapped down from $182.81 to $176.07 after reporting disappointing earnings, with an EPS of $3.57 missing analyst expectations of $3.60.
• The company announced a quarterly dividend of $0.91 per share, set to be paid on December 19th, with a current annualized yield of 2.2%.
• Ryder System has received mixed ratings from analysts, with an average rating of "Moderate Buy" and a consensus price target of $193.22.

Ryder System, Inc. (NYSE:R - Get Free Report) shares gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $182.81, but opened at $176.07. Ryder System shares last traded at $169.53, with a volume of 49,408 shares traded.

The transportation company reported $3.57 EPS for the quarter, missing analysts' consensus estimates of $3.60 by ($0.03). Ryder System had a net margin of 3.99% and a return on equity of 17.83%. During the same period in the previous year, the company posted $3.44 earnings per share. The firm's revenue was up .1% compared to the same quarter last year. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS. FY 2025 guidance at 12.850-13.050 EPS.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 17th will be given a $0.91 dividend. The ex-dividend date is Monday, November 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.2%. Ryder System's payout ratio is currently 30.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on R shares. JPMorgan Chase & Co. lifted their target price on Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Wall Street Zen raised Ryder System from a "hold" rating to a "buy" rating in a research note on Friday, October 3rd. Stephens lifted their price objective on Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Baird R W raised Ryder System to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Morgan Stanley lifted their price objective on Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Ryder System presently has an average rating of "Moderate Buy" and a consensus price target of $193.22.

Insider Activity

In other Ryder System news, CFO Cristina Gallo-Aquino sold 1,000 shares of Ryder System stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $180.87, for a total transaction of $180,870.00. Following the completion of the sale, the chief financial officer directly owned 26,561 shares of the company's stock, valued at $4,804,088.07. The trade was a 3.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert E. Sanchez sold 22,063 shares of Ryder System stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $182.49, for a total value of $4,026,276.87. Following the sale, the chief executive officer directly owned 62,887 shares of the company's stock, valued at $11,476,248.63. This trade represents a 25.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,618 shares of company stock worth $7,587,997 over the last three months. Company insiders own 5.20% of the company's stock.

Institutional Trading of Ryder System

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in Ryder System by 4.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,368 shares of the transportation company's stock valued at $258,000 after acquiring an additional 62 shares during the last quarter. Creative Planning raised its stake in Ryder System by 0.3% during the 2nd quarter. Creative Planning now owns 26,279 shares of the transportation company's stock valued at $4,178,000 after acquiring an additional 66 shares during the last quarter. MAI Capital Management raised its stake in Ryder System by 57.6% during the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company's stock valued at $30,000 after acquiring an additional 68 shares during the last quarter. CoreCap Advisors LLC raised its stake in Ryder System by 26.4% during the 3rd quarter. CoreCap Advisors LLC now owns 354 shares of the transportation company's stock valued at $67,000 after acquiring an additional 74 shares during the last quarter. Finally, Belmont Capital LLC raised its stake in Ryder System by 5.0% during the 1st quarter. Belmont Capital LLC now owns 1,737 shares of the transportation company's stock valued at $250,000 after acquiring an additional 83 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Trading Down 7.5%

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The company has a 50 day simple moving average of $185.42 and a 200 day simple moving average of $166.34. The stock has a market capitalization of $6.89 billion, a PE ratio of 14.39 and a beta of 1.00.

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.

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