Ryder System (NYSE:R) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Ryder System (NYSE:R - Get Free Report) posted its quarterly earnings data on Thursday. The transportation company reported $3.44 EPS for the quarter, topping analysts' consensus estimates of $3.39 by $0.05, Briefing.com reports. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the prior year, the business posted $3.58 EPS. The company's quarterly revenue was up 8.3% on a year-over-year basis.

Ryder System Trading Up 0.6 %

Shares of R stock traded up $0.90 during mid-day trading on Friday, reaching $139.76. 316,647 shares of the stock traded hands, compared to its average volume of 262,257. The stock's fifty day simple moving average is $142.90 and its two-hundred day simple moving average is $130.81. Ryder System has a 1-year low of $91.31 and a 1-year high of $154.76. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 18.23 and a beta of 1.28. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Monday, November 18th. Ryder System's payout ratio is 42.19%.

Insider Activity

In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction 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 $6,656,570.28. This trade represents 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 available through the SEC website. Insiders own 5.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on Ryder System from $140.00 to $155.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. StockNews.com upgraded Ryder System from a "hold" rating to a "buy" rating in a research report on Monday. Stephens began coverage on Ryder System in a research report on Monday, July 8th. They set an "equal weight" rating on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on Ryder System from $148.00 to $144.00 and set a "neutral" rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $140.57.

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.