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 earnings per share (EPS) guidance of 3.320-3.520 for the period, compared to the consensus 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 Trading Down 4.2 %

Shares of R stock traded down $6.14 during trading hours on Thursday, hitting $138.89. The company had a trading volume of 496,528 shares, compared to its average volume of 261,988. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $6.01 billion, a PE ratio of 12.72 and a beta of 1.28. The company’s fifty day moving average is $142.87 and its 200 day moving average is $130.76. Ryder System has a fifty-two week low of $91.31 and a fifty-two week high of $154.76.

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

Ryder System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be given a $0.81 dividend. The ex-dividend date is Monday, November 18th. This represents a $3.24 annualized dividend and a yield of 2.33%. Ryder System’s dividend payout ratio is presently 29.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on R shares. JPMorgan Chase & Co. dropped their price objective on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research note 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 report on Friday, July 26th. Finally, Stephens assumed coverage on Ryder System in a report on Monday, July 8th. They issued an “equal weight” rating on the stock. 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, Ryder System presently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Insiders Place Their Bets

In related news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s 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 in the company, valued at $6,656,570.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.10% of the stock is currently owned by company insiders.

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.