Ryder System (NYSE:R) Updates Q4 2024 Earnings Guidance

Ryder System (NYSE:R) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.320-3.520 for the period, compared to the consensus earnings per share 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 Price Performance

Shares of NYSE R opened at $139.76 on Friday. The firm has a market capitalization of $6.13 billion, a P/E ratio of 18.20 and a beta of 1.28. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. The stock’s 50-day simple moving average is $142.94 and its two-hundred day simple moving average is $131.02. Ryder System has a twelve month low of $91.31 and a twelve month high of $154.76.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.05. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the business earned $3.58 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities analysts anticipate that Ryder System will post 12.2 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, November 18th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, November 18th. Ryder System’s payout ratio is currently 42.19%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on R. Robert W. Baird upped 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 upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Monday, October 21st. JPMorgan Chase & Co. dropped their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a report on Friday. Finally, Stephens assumed coverage on Ryder System in a report on Monday, July 8th. They set an “equal weight” rating for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.57.

Insider Activity at Ryder System

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the 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 completion of the sale, the executive vice president now owns 47,779 shares in the company, valued at approximately $6,656,570.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is currently owned by company insiders.

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.