Ryder System, Inc. (NYSE:R) issued its quarterly earnings data on Tuesday. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.04, Bloomberg Earnings reports. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the firm posted $1.67 EPS. Ryder System’s revenue for the quarter was up 7.2% on a year-over-year basis. Ryder System updated its Q4 guidance to $1.31-1.41 EPS.

Shares of Ryder System (R) opened at 81.90 on Wednesday. The company has a 50 day moving average of $81.72 and a 200 day moving average of $73.63. The firm has a market cap of $4.34 billion, a PE ratio of 19.72 and a beta of 1.41. Ryder System has a 52 week low of $62.03 and a 52 week high of $85.50.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, November 17th. Ryder System’s payout ratio is 44.12%.

In related news, insider Dennis C. Cooke sold 9,650 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the completion of the transaction, the insider now owns 2,883 shares in the company, valued at approximately $209,738.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Sensing sold 4,502 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $73.01, for a total transaction of $328,691.02. The disclosure for this sale can be found here. Insiders have sold 40,427 shares of company stock valued at $2,933,827 in the last 90 days. Insiders own 1.95% of the company’s stock.

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Several brokerages have issued reports on R. BidaskClub raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. ValuEngine downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $98.00 target price (up previously from $84.00) on shares of Ryder System in a report on Monday, October 2nd. J P Morgan Chase & Co lifted their target price on shares of Ryder System from $69.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, Buckingham Research initiated coverage on shares of Ryder System in a report on Monday, August 21st. They issued a “buy” rating and a $85.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $83.86.

Ryder System Company Profile

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.

Earnings History for Ryder System (NYSE:R)

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