Ryder System (NYSE:R) issued an update on its first quarter 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.8–0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.09. Ryder System also updated its FY 2020
Pre-Market guidance to 1.10-1.50 EPS.

Ryder System stock traded down $4.89 during mid-day trading on Friday, hitting $40.12. 2,525,973 shares of the company’s stock were exchanged, compared to its average volume of 785,335. The firm has a market capitalization of $2.60 billion, a P/E ratio of 15.43 and a beta of 1.84. Ryder System has a fifty-two week low of $39.50 and a fifty-two week high of $67.65. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 2.75. The company’s 50 day simple moving average is $51.96 and its 200-day simple moving average is $51.40.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, February 13th. The transportation company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). Ryder System had a net margin of 1.55% and a return on equity of 11.65%. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business earned $1.82 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Research analysts expect that Ryder System will post 5.01 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, February 18th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Friday, February 14th. Ryder System’s dividend payout ratio is 38.69%.

Ryder System announced that its board has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 1,500,000 outstanding shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

A number of research firms recently issued reports on R. Stephens lowered their target price on Ryder System from $50.00 to $47.00 and set an equal weight rating on the stock in a research report on Friday. Stifel Nicolaus downgraded Ryder System from a buy rating to a hold rating and lowered their target price for the company from $65.00 to $51.00 in a research report on Thursday, October 31st. Loop Capital raised Ryder System from a hold rating to a buy rating and set a $70.00 target price on the stock in a research report on Monday, January 13th. ValuEngine raised Ryder System from a hold rating to a buy rating in a research report on Thursday, January 23rd. Finally, Cfra lowered their target price on Ryder System from $57.00 to $50.00 and set a hold rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Ryder System presently has an average rating of Hold and a consensus price target of $56.43.

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.

Further Reading: Dividend

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