Shares of Ryder System, Inc. (NYSE:R) have been given an average rating of “Buy” by the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $71.29.
Several equities analysts have issued reports on R shares. Zacks Investment Research lowered Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Loop Capital lowered Ryder System from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $70.00 to $62.00 in a report on Tuesday, July 2nd. ValuEngine raised Vistra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, TheStreet downgraded shares of Urban Outfitters from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th.
In related news, Director E Follin Smith sold 1,138 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $62.82, for a total value of $71,489.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Karen M. Jones sold 1,767 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $52.21, for a total transaction of $92,255.07. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.
Shares of R stock traded down $1.34 during mid-day trading on Friday, hitting $57.48. 21,146 shares of the stock were exchanged, compared to its average volume of 413,956. The firm’s fifty day moving average price is $55.26. The company has a market capitalization of $3.02 billion, a PE ratio of 9.92 and a beta of 1.81. Ryder System has a 12-month low of $44.80 and a 12-month high of $79.95. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 2.35.
Ryder System (NYSE:R) last issued its quarterly earnings data on Tuesday, April 30th. The transportation company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.12. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. Ryder System had a return on equity of 11.26% and a net margin of 3.28%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. As a group, analysts anticipate that Ryder System will post 6.16 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.56 per share. This is an increase from Ryder System’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.24 annualized dividend and a dividend yield of 3.90%. Ryder System’s dividend payout ratio is 37.31%.
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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