Ryder System (R) Scheduled to Post Earnings on Thursday

Ryder System (NYSE:R) will be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Ryder System to post earnings of $3.44 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Ryder System (NYSE:R) last announced its earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the firm posted $3.61 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts expect Ryder System to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Ryder System Stock Up 0.7 %

NYSE R opened at $151.87 on Thursday. The stock’s 50 day moving average is $141.53 and its 200 day moving average is $129.76. Ryder System has a 12 month low of $91.31 and a 12 month high of $154.76. The stock has a market cap of $6.66 billion, a PE ratio of 19.77 and a beta of 1.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.09.

Ryder System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s payout ratio is currently 42.19%.

Insiders Place Their Bets

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the transaction, the executive vice president now directly owns 47,779 shares in the company, valued at approximately $6,656,570.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Morgan Stanley started coverage on Ryder System in a report on Monday, June 24th. They issued an “overweight” rating and a $165.00 price objective on the stock. Stephens initiated coverage on shares of Ryder System in a research note on Monday, July 8th. They set an “equal weight” rating on the stock. StockNews.com downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Monday, October 7th. JPMorgan Chase & Co. reduced their target price on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Robert W. Baird raised their price target on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $137.86.

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.