Ryder System (NYSE:R – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 11.900-12.100 for the period, compared to the consensus earnings per share estimate of 12.130. The company issued revenue guidance of $10.3 billion-$10.3 billion, compared to the consensus revenue estimate of $12.9 billion. Ryder System also updated its FY24 guidance to $11.90-12.10 EPS.
Ryder System Price Performance
Shares of NYSE:R traded up $0.90 during midday trading on Friday, hitting $139.76. The stock had a trading volume of 316,647 shares, compared to its average volume of 262,257. The company’s 50-day moving average price is $142.94 and its 200-day moving average price is $130.95. The company has a market capitalization of $6.13 billion, a P/E ratio of 18.20 and a beta of 1.28. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. Ryder System has a fifty-two week low of $91.31 and a fifty-two week high of $154.76.
Ryder System (NYSE:R – Get Free Report) last issued its earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, beating the consensus estimate of $3.39 by $0.05. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.58 EPS. As a group, equities research analysts predict that Ryder System will post 12.2 EPS for the current fiscal year.
Ryder System Announces Dividend
Analyst Ratings Changes
Several brokerages recently issued reports on R. Stephens began coverage on shares of Ryder System in a report on Monday, July 8th. They set an “equal weight” rating on the stock. Robert W. Baird lifted their price target on shares of Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 26th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.57.
View Our Latest Stock Report on R
Insider Activity
In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were 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 directly owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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.
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