Ryder System (R) to Release Quarterly Earnings on Wednesday

Ryder System (NYSE:RGet Free Report) is set to issue its quarterly earnings data before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $2.75 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Ryder System Stock Performance

R stock opened at $118.94 on Tuesday. Ryder System has a 12-month low of $76.15 and a 12-month high of $119.47. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 1.53. The stock’s 50 day simple moving average is $113.26 and its 200 day simple moving average is $105.68. The firm has a market cap of $5.27 billion, a P/E ratio of 11.67 and a beta of 1.41.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.39%. Ryder System’s payout ratio is 27.87%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Ryder System from $110.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, December 21st. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a report on Friday, January 19th. Stephens dropped their price objective on shares of Ryder System from $105.00 to $102.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. Finally, Vertical Research lowered 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. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Ryder System currently has an average rating of “Hold” and an average target price of $110.33.

Read Our Latest Research Report on Ryder System

Insiders Place Their Bets

In related news, EVP Robert D. Fatovic sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $106.51, for a total transaction of $1,065,100.00. Following the sale, the executive vice president now owns 52,314 shares of the company’s stock, valued at $5,571,964.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Ryder System

Institutional investors have recently modified their holdings of the business. Captrust Financial Advisors boosted its holdings in shares of Ryder System by 13.0% during the 1st quarter. Captrust Financial Advisors now owns 3,108 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 358 shares in the last quarter. Engineers Gate Manager LP bought a new position in Ryder System in the 4th quarter valued at approximately $239,000. Atria Wealth Solutions Inc. acquired a new stake in Ryder System during the 1st quarter worth approximately $235,000. Graham Capital Management L.P. bought a new stake in Ryder System during the 1st quarter worth approximately $230,000. Finally, Centiva Capital LP acquired a new position in Ryder System in the 2nd quarter valued at approximately $227,000. Institutional investors and hedge funds own 83.62% of the company’s stock.

Ryder System Company Profile

(Get Free Report)

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.

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Earnings History for Ryder System (NYSE:R)

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