Ryder System, Inc. (R) To Go Ex-Dividend on August 24th

Ryder System, Inc. (NYSE:R) announced a quarterly dividend on Thursday, July 9th. Shareholders of record on Monday, August 24th will be paid a dividend of 1.01 per share by the transportation company on Friday, September 18th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, August 24th. This is a 11.0% increase from Ryder System’s previous quarterly dividend of $0.91.

Ryder System has raised its dividend by an average of 0.1%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 27.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ryder System to earn $17.83 per share next year, which means the company should continue to be able to cover its $4.04 annual dividend with an expected future payout ratio of 22.7%.

Ryder System Stock Performance

R opened at $249.44 on Friday. The firm’s 50-day moving average price is $264.42 and its 200-day moving average price is $238.70. The company has a market cap of $9.57 billion, a P/E ratio of 20.30 and a beta of 1.02. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. Ryder System has a 52-week low of $157.67 and a 52-week high of $284.25.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the business posted $3.32 EPS. Ryder System’s revenue for the quarter was up 5.0% compared to the same quarter last year. Ryder System has set its FY 2026 guidance at 14.400-14.800 EPS and its Q3 2026 guidance at 4.000-4.200 EPS. As a group, equities analysts anticipate that Ryder System will post 14.74 EPS for the current fiscal year.

Analyst Ratings Changes

R has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Wall Street Zen raised Ryder System from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Citigroup upped their target price on Ryder System from $280.00 to $283.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Susquehanna increased their price target on shares of Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a report on Friday, July 24th. Finally, Citizens Jmp assumed coverage on shares of Ryder System in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $294.14.

About Ryder System

Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.

Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.