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

Ryder System, Inc. (NYSE:R) declared a quarterly dividend on Wednesday, October 9th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.81 per share by the transportation company on Friday, December 20th. This represents a $3.24 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Monday, November 18th.

Ryder System has raised its dividend payment by an average of 5.9% 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 23.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ryder System to earn $14.09 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 23.0%.

Ryder System Trading Down 2.0 %

NYSE:R opened at $162.41 on Friday. The company has a market cap of $6.87 billion, a PE ratio of 15.19 and a beta of 1.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17. The company has a 50 day simple moving average of $147.88 and a two-hundred day simple moving average of $135.21. Ryder System has a 12 month low of $104.44 and a 12 month high of $170.20.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, topping the consensus estimate of $3.39 by $0.05. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the company posted $3.58 earnings per share. Ryder System’s revenue was up 8.3% compared to the same quarter last year. Research analysts forecast that Ryder System will post 12.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

R has been the topic of several recent research reports. Robert W. Baird increased their price objective on shares of Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Ryder System currently has a consensus rating of “Moderate Buy” and an average price target of $140.57.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the sale, the insider now directly owns 20,504 shares of the company’s stock, valued at $3,228,149.76. This trade represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.10% of the company’s stock.

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.