Ryder System (NYSE:R – Get Free Report) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.75-2.95 for the period, compared to the consensus estimate of $2.83. Ryder System also updated its FY 2024 guidance to 11.750-12.500 EPS.
Ryder System Stock Performance
NYSE:R opened at $122.39 on Friday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.82 and a quick ratio of 0.62. Ryder System has a 12 month low of $76.15 and a 12 month high of $123.45. The firm has a market capitalization of $5.36 billion, a PE ratio of 15.94 and a beta of 1.40. The business’s fifty day moving average price is $114.74 and its 200 day moving average price is $110.74.
Ryder System (NYSE:R – Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.43. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the firm posted $2.81 earnings per share. Ryder System’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that Ryder System will post 11.9 earnings per share for the current fiscal year.
Ryder System Dividend Announcement
Analysts Set New Price Targets
Several brokerages have recently weighed in on R. The Goldman Sachs Group increased their target price on shares of Ryder System from $122.00 to $135.00 and gave the stock a buy rating in a research note on Wednesday. Robert W. Baird reissued a buy rating and set a $140.00 price target on shares of Ryder System in a report on Wednesday, January 3rd. Wells Fargo & Company increased their price target on shares of Ryder System from $100.00 to $120.00 and gave the stock an equal weight rating in a report on Thursday, February 15th. Vertical Research cut shares of Ryder System from a buy rating to a hold rating and set a $120.00 price target for the company. in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ryder System from $120.00 to $126.00 and gave the stock a neutral rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $123.71.
View Our Latest Research Report on R
Insider Transactions at Ryder System
In other Ryder System news, CMO Karen M. Jones sold 7,737 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the completion of the transaction, the chief marketing officer now directly owns 12,396 shares of the company’s stock, valued at approximately $1,406,698.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.10% of the company’s stock.
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.
Read More
- Five stocks we like better than Ryder System
- How to Find Undervalued Stocks
- Alphabet Changes the Narrative with Its First-Ever Dividend
- How to Invest in the Best Canadian StocksĀ
- 3 High-performing Stocks That Could Rip Once Markets Turn Back Up
- Do ETFs Pay Dividends? What You Need to Know
- Microsoft Fires a Trend Following Signal: Targets Move Higher
Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.