Ryder System (R) to Release Earnings on Wednesday

Ryder System (NYSE:R) is projected to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Ryder System to post earnings of $3.39 per share and revenue of $3.31 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Ryder System Price Performance

Shares of R stock opened at $157.31 on Tuesday. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 14.72 and a beta of 1.29. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s 50-day simple moving average is $160.54 and its 200-day simple moving average is $151.34. Ryder System has a fifty-two week low of $106.62 and a fifty-two week high of $171.78.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s dividend payout ratio is presently 30.31%.

Analyst Ratings Changes

R has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. dropped their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and an average price target of $147.43.

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.