Ryder System, Inc. (NYSE:R) announced a quarterly dividend on Thursday, October 1st, Zacks reports. Stockholders of record on Monday, November 23rd will be given a dividend of 0.56 per share by the transportation company on Friday, December 18th. This represents a $2.24 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Friday, November 20th.
Ryder System has raised its dividend by 29.4% over the last three years and has raised its dividend annually for the last 11 consecutive years.
Shares of Ryder System stock traded up $1.92 on Friday, hitting $44.06. 378,632 shares of the company traded hands, compared to its average volume of 887,127. The stock has a market capitalization of $2.37 billion, a P/E ratio of -7.00 and a beta of 2.03. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.75 and a current ratio of 0.77. Ryder System has a 52 week low of $22.62 and a 52 week high of $57.38. The business has a 50-day simple moving average of $41.22 and a 200 day simple moving average of $35.93.
Ryder System (NYSE:R) last posted its earnings results on Wednesday, July 29th. The transportation company reported ($0.95) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.44) by $0.49. Ryder System had a negative net margin of 3.84% and a positive return on equity of 0.29%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the firm posted $1.40 earnings per share. Ryder System’s revenue for the quarter was down 15.6% compared to the same quarter last year. Research analysts expect that Ryder System will post -2.84 earnings per share for the current year.
A number of research firms recently weighed in on R. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, July 28th. Wells Fargo & Company began coverage on shares of Ryder System in a report on Wednesday, September 23rd. They issued an “underweight” rating and a $40.00 target price for the company. Robert W. Baird raised their target price on shares of Ryder System from $37.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, July 6th. SunTrust Banks lifted their price objective on shares of Ryder System from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, TheStreet raised shares of Ryder System from a “d+” rating to a “c-” rating in a research note on Wednesday, July 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $47.63.
Ryder System Company Profile
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.
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