Ryder System, Inc. (NYSE:R) Plans $0.81 Quarterly Dividend

Ryder System, Inc. (NYSE:R) announced a quarterly dividend on Monday, May 5th, Wall Street Journal reports. Stockholders of record on Monday, May 19th will be given a dividend of 0.81 per share by the transportation company on Friday, June 20th. This represents a $3.24 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, May 19th.

Ryder System has raised its dividend payment by an average of 10.1% 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 22.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ryder System to earn $16.41 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 19.7%.

Ryder System Stock Performance

R opened at $143.07 on Tuesday. Ryder System has a 1-year low of $116.58 and a 1-year high of $171.78. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 12.90 and a beta of 0.94. The company’s fifty day moving average price is $142.59 and its two-hundred day moving average price is $153.86. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.06. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.14 EPS. On average, analysts expect that Ryder System will post 13.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Stephens reduced their price objective on Ryder System from $168.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $174.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $160.50.

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.