Ryder System (NYSE:R) Issues Q4 2024 Earnings Guidance

Ryder System (NYSE:R) 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) 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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be paid a dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.32%. Ryder System’s dividend payout ratio is presently 42.19%.

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.

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.