Ryder System (NYSE:R) Posts Earnings Results, Beats Estimates By $1.53 EPS

Ryder System (NYSE:R) issued its quarterly earnings data on Wednesday. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $1.53, MarketWatch Earnings reports. Ryder System had a positive return on equity of 0.29% and a negative net margin of 3.84%. During the same period in the prior year, the firm earned ($1.49) EPS.

Shares of NYSE R opened at $50.97 on Friday. The firm has a fifty day simple moving average of $45.72 and a two-hundred day simple moving average of $38.84. The firm has a market capitalization of $2.74 billion, a PE ratio of -8.10 and a beta of 1.96. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 3.10. Ryder System has a 12 month low of $22.62 and a 12 month high of $57.38.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 23rd will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Friday, November 20th. Ryder System’s payout ratio is 45.16%.

Several equities research analysts have issued reports on R shares. SunTrust Banks lifted their target price on shares of Ryder System from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Robert W. Baird lifted their price objective on shares of Ryder System from $37.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. raised Ryder System from an “underweight” rating to a “neutral” rating and set a $50.00 price target for the company in a research note on Friday, October 9th. Finally, Wells Fargo & Company upped their price objective on Ryder System from $40.00 to $44.00 and gave the stock an “underweight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Ryder System has an average rating of “Hold” and an average price target of $50.33.

Ryder System Company Profile

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

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Earnings History for Ryder System (NYSE:R)

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