Ryder System (NYSE:R - Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $3.39 per share and revenue of $3.31 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.
Ryder System Price Performance
NYSE:R traded up $1.09 during mid-day trading on Friday, reaching $157.97. The stock had a trading volume of 326,899 shares, compared to its average volume of 337,776. The firm has a 50 day moving average price of $160.80 and a two-hundred day moving average price of $151.02. Ryder System has a one year low of $106.62 and a one year high of $171.78. The stock has a market capitalization of $6.68 billion, a P/E ratio of 14.78 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.
Ryder System Dividend Announcement
The firm 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 $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.05%. Ryder System's dividend payout ratio (DPR) is currently 30.31%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on R shares. The Goldman Sachs Group boosted 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 lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $147.43.
Read Our Latest Stock Analysis 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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