Ryder System (NYSE:R) Updates 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 Down 0.5 %

Shares of NYSE:R opened at $145.03 on Thursday. The company has a 50 day moving average of $142.87 and a two-hundred day moving average of $130.76. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 13.28 and a beta of 1.28. Ryder System has a 52-week low of $91.31 and a 52-week high of $154.76. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09.

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

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, November 18th will be paid a dividend of $0.81 per share. The ex-dividend date is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 2.23%. Ryder System’s dividend payout ratio (DPR) is 29.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on R shares. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a report on Monday. 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 research note on Friday, July 26th. Stephens began coverage on Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

Insider Activity at Ryder System

In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were 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 directly owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.10% of the company’s stock.

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.