Ryder System (NYSE:R) Announces Earnings Results

Ryder System (NYSE:R) issued its earnings results on Thursday. The transportation company reported $3.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04, FiscalAI reports. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Ryder System had a net margin of 3.91% and a return on equity of 17.75%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $3.32 earnings per share. Ryder System updated its FY 2026 guidance to 14.400-14.800 EPS and its Q3 2026 guidance to 4.000-4.200 EPS.

Here are the key takeaways from Ryder System’s conference call:

• Ryder reported its seventh consecutive quarter of comparable EPS growth, with Q2 comparable EPS up 12% year over year to $3.73, driven by execution on strategic initiatives and improved used vehicle sales.
• The company raised full-year 2026 comparable EPS guidance to $14.40-$14.80, mainly due to a better outlook for used vehicle sales and continued strength in its contractual businesses.
• Ryder said its transformed business mix continues to shift toward more asset-light Supply Chain and Dedicated operations, with about 60% of expected 2026 revenue coming from those businesses versus 44% in 2018.
• Capital returns and balance sheet capacity remain strong, with management highlighting roughly $4.5 billion of flexible deployment capacity over three years, plus a newly authorized share repurchase program and an 11% dividend increase.
• Management described improving but still mixed market conditions: rental utilization returned to the 75% target, dedicated and fleet management pipelines are strong, while Supply Chain margins were pressured by delayed onboarding and weaker automotive volumes.

Ryder System Stock Performance

Shares of NYSE R opened at $263.84 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.09. The business’s 50 day moving average is $261.59 and its two-hundred day moving average is $228.73. The company has a market cap of $10.21 billion, a P/E ratio of 22.34 and a beta of 1.01. Ryder System has a 12 month low of $157.67 and a 12 month high of $284.25.

Ryder System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 24th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.04 annualized dividend and a dividend yield of 1.5%. This is a boost from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s payout ratio is presently 30.26%.

Analyst Upgrades and Downgrades

R has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Ryder System from $203.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Stephens upgraded shares of Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. Zacks Research downgraded shares of Ryder System from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Finally, Citizens Jmp began coverage on shares of Ryder System in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.00.

Key Stories Impacting Ryder System

Here are the key news stories impacting Ryder System this week:

• Positive Sentiment: Ryder posted Q2 adjusted EPS of $3.73, topping estimates and improving from $3.32 a year ago, which suggests the company is executing well despite a mixed freight and transportation backdrop. Article title
• Positive Sentiment: The company raised 2026 earnings guidance to $14.40-$14.80 per share, signaling management sees continued profitability momentum for the rest of the year. Article title
• Positive Sentiment: Adjusted operating performance was solid, with comparable pre-tax earnings rising year over year, reinforcing the idea that Ryder is managing costs and margins effectively. Article title
• Neutral Sentiment: Revenue of $2.69 billion came in below Wall Street expectations, so investors are likely balancing the earnings beat against softer-than-expected top-line growth. Article title
• Negative Sentiment: Third-quarter EPS guidance of $4.00-$4.20 was slightly below consensus, which may limit upside if investors focus on near-term caution rather than the stronger full-year outlook. Article title

Insider Activity

In other Ryder System news, SVP Sanford J. Hodes sold 595 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $251.95, for a total value of $149,910.25. Following the completion of the sale, the senior vice president owned 22,948 shares in the company, valued at approximately $5,781,748.60. This trade represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Luis P. Nieto, Jr. sold 720 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $235.79, for a total value of $169,768.80. Following the sale, the director owned 29,974 shares in the company, valued at approximately $7,067,569.46. This represents a 2.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in R. Parkside Financial Bank & Trust boosted its position in Ryder System by 154.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 661 shares of the transportation company’s stock valued at $127,000 after buying an additional 401 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Ryder System by 13.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,072 shares of the transportation company’s stock worth $207,000 after purchasing an additional 127 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Ryder System by 49.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 651 shares of the transportation company’s stock valued at $125,000 after purchasing an additional 216 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC acquired a new position in Ryder System during the 3rd quarter worth $206,000. Finally, Group One Trading LLC increased its stake in shares of Ryder System by 98.5% in the 3rd quarter. Group One Trading LLC now owns 1,080 shares of the transportation company’s stock valued at $204,000 after buying an additional 536 shares during the period. Institutional investors own 87.47% of the company’s stock.

About Ryder System

Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.

Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.