Ryder System (NYSE:R - Get Free Report) announced its earnings results on Wednesday. The transportation company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.06, Zacks reports. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. Ryder System updated its FY 2025 guidance to 13.000-14.000 EPS and its Q1 2025 guidance to 2.300-2.550 EPS.
Ryder System Stock Up 3.3 %
Shares of NYSE R traded up $5.30 during mid-day trading on Friday, reaching $166.37. The company had a trading volume of 509,113 shares, compared to its average volume of 337,776. Ryder System has a 52-week low of $106.62 and a 52-week high of $171.78. The stock has a market cap of $7.04 billion, a P/E ratio of 15.56 and a beta of 1.29. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The firm has a 50 day simple moving average of $160.29 and a two-hundred day simple moving average of $151.98.
Ryder System Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 1.95%. Ryder System's payout ratio is currently 30.31%.
Analyst Ratings Changes
R has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price objective on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, December 12th. StockNews.com cut shares of 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 objective on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a report on Thursday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Ryder System currently has an average rating of "Moderate Buy" and a consensus price target of $157.00.
Check Out Our Latest Report on Ryder System
Ryder System Company Profile
(
Get Free Report)
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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