Ryder System, Inc. (NYSE:R) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.31-1.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.33.

Shares of Ryder System, Inc. (NYSE R) opened at 82.94 on Tuesday. The company’s 50 day moving average is $81.72 and its 200 day moving average is $73.59. The company has a market capitalization of $4.39 billion, a P/E ratio of 19.97 and a beta of 1.40. Ryder System, Inc. has a 12-month low of $62.03 and a 12-month high of $85.50.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, July 26th. The transportation company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.07. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the business posted $1.56 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts expect that Ryder System, Inc. will post $4.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.22%. Ryder System’s payout ratio is presently 44.12%.

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Ryder System from a hold rating to a buy rating in a research report on Tuesday, June 27th. Robert W. Baird reissued an outperform rating and issued a $98.00 target price (up previously from $84.00) on shares of Ryder System in a research report on Monday, October 2nd. KeyCorp raised shares of Ryder System from a sector weight rating to an overweight rating in a research report on Wednesday, September 13th. BidaskClub raised shares of Ryder System from a hold rating to a buy rating in a research report on Wednesday, June 28th. Finally, Buckingham Research assumed coverage on shares of Ryder System in a research report on Monday, August 21st. They issued a buy rating and a $85.00 target price for the company. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ryder System presently has a consensus rating of Buy and a consensus price target of $83.86.

In related news, insider John S. Sensing sold 4,502 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $73.01, for a total value of $328,691.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dennis C. Cooke sold 9,650 shares of the business’s 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 directly owns 2,883 shares of the company’s stock, valued at approximately $209,738.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,427 shares of company stock valued at $2,933,827. 1.95% of the stock is owned by insiders.

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About Ryder System

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 and Estimates for Ryder System (NYSE:R)

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