Ryder System (NYSE:R) Releases 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

NYSE:R opened at $145.03 on Thursday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $6.28 billion, a PE ratio of 13.28 and a beta of 1.28. Ryder System has a fifty-two week low of $91.31 and a fifty-two week high of $154.76. The company has a fifty day moving average of $142.87 and a two-hundred day moving average of $130.76.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.61 earnings per share. As a group, research analysts forecast that Ryder System will post 12.2 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be given a $0.81 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.23%. Ryder System’s dividend payout ratio (DPR) is presently 29.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Stephens began coverage on Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating on the stock. Robert W. Baird boosted their price objective on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $137.86.

Insider Buying and Selling

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of Ryder System stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $139.32, for a total value of $1,773,543.60. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Ryder System Company Profile

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.