Ryder System (NYSE:R – Get Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.320-3.520 for the period, compared to the consensus EPS estimate of 3.570. The company issued revenue guidance of -. Ryder System also updated its FY 2024 guidance to 11.900-12.100 EPS.
Ryder System Stock Performance
Shares of NYSE:R traded up $0.90 during trading hours on Friday, hitting $139.76. The stock had a trading volume of 316,647 shares, compared to its average volume of 262,257. The stock’s fifty day simple moving average is $142.94 and its 200 day simple moving average is $130.95. Ryder System has a 1-year low of $91.31 and a 1-year high of $154.76. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 18.20 and a beta of 1.28. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74.
Ryder System (NYSE:R – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the business earned $3.58 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that Ryder System will post 12.2 earnings per share for the current fiscal year.
Ryder System Dividend Announcement
Analyst Ratings Changes
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday. Stephens assumed coverage on shares of Ryder System in a research report on Monday, July 8th. They issued an “equal weight” rating on the stock. Robert W. Baird lifted their price target on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.57.
View Our Latest Stock Report on R
Insider Buying and Selling at Ryder System
In related news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the completion of the sale, the executive vice president now owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.
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