Ryder System, Inc. Announces Quarterly Dividend of $0.81 (NYSE:R)

Ryder System, Inc. (NYSE:R) declared a quarterly dividend on Monday, May 5th, Wall Street Journal reports. Shareholders of record on Monday, May 19th will be paid a dividend of 0.81 per share by the transportation company on Friday, June 20th. This represents a $3.24 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Monday, May 19th.

Ryder System has raised its dividend payment by an average of 10.1% annually over the last three years and has raised its dividend every year for the last 20 years. Ryder System has a dividend payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ryder System to earn $16.41 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 19.7%.

Ryder System Price Performance

R stock opened at $142.26 on Wednesday. The firm has a 50 day moving average of $142.25 and a 200-day moving average of $153.78. The firm has a market capitalization of $5.88 billion, a P/E ratio of 12.83 and a beta of 0.94. Ryder System has a 12 month low of $116.58 and a 12 month high of $171.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the business earned $2.14 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts predict that Ryder System will post 13.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Ryder System

In other news, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the sale, the director now directly owns 39,802 shares in the company, valued at approximately $5,746,612.76. This trade represents a 3.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Finally, Stephens cut their target price on shares of Ryder System from $168.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.50.

Ryder System Company Profile

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.