Ryder System, Inc. (R) to Issue Quarterly Dividend of $0.81 on December 20th

Ryder System, Inc. (NYSE:R) declared a quarterly dividend on Wednesday, October 9th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.81 per share by the transportation company on Friday, December 20th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, November 18th.

Ryder System has raised its dividend payment by an average of 5.9% annually over the last three years and has increased its dividend annually for the last 20 consecutive years. Ryder System has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ryder System to earn $14.09 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 23.0%.

Ryder System Trading Down 2.0 %

NYSE R opened at $162.41 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. The stock’s 50-day simple moving average is $147.88 and its two-hundred day simple moving average is $135.12. Ryder System has a twelve month low of $104.44 and a twelve month high of $170.20. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 15.19 and a beta of 1.28.

Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.05. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the company earned $3.58 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. Research analysts forecast that Ryder System will post 12.01 EPS for the current fiscal year.

Insider Activity

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now directly owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

R has been the subject of several research analyst reports. Robert W. Baird increased their price objective on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $140.57.

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.