Ryder System (NYSE:R) Issues Earnings Results

Ryder System (NYSE:R) issued its quarterly earnings data on Thursday. The transportation company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.15 by $0.18, FiscalAI reports. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $3.38 billion. Ryder System had a net margin of 3.98% and a return on equity of 19.14%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.57 EPS.

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

• Ryder raised its 2026 comparable EPS outlook to $14.85–$15.05 from $14.40–$14.80, citing stronger-than-expected third-quarter results and improving used-vehicle sales and rental conditions.
• Third-quarter comparable EPS rose 21% to $4.33, while return on equity reached 18% and free cash flow increased to $992 million. Management also reported its eighth consecutive quarter of comparable EPS growth.
• Freight-market recovery indicators are strengthening, including higher used-vehicle pricing, commercial rental utilization of 77%, increased lease miles, and improved sales pipelines across leasing and dedicated transportation. Ryder expects contractual fleet growth to become more visible in 2027.
• Ryder plans to increase 2026 rental capital spending to $500 million and grow the rental fleet, positioning it for expected 2027 demand but requiring greater near-term investment. The company retains approximately $4.5 billion of flexible deployment capacity for growth capital expenditures, acquisitions, and share repurchases.
• Supply Chain Solutions faced lost automotive business, while Dedicated Transportation Solutions revenue and earnings declined because of a smaller fleet and the absence of a prior-year workers’ compensation benefit. Management also noted potential regional driver-wage inflation and uncertainty surrounding 2027 emissions-related equipment costs.

Ryder System Stock Performance

NYSE:R traded up $4.71 on Friday, hitting $270.24. The stock had a trading volume of 684,631 shares, compared to its average volume of 311,811. The business’s 50-day simple moving average is $242.45 and its two-hundred day simple moving average is $249.24. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 20.60 and a beta of 1.05. Ryder System has a 52-week low of $160.08 and a 52-week high of $284.25. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 2.42.

Ryder System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 23rd will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, November 23rd. Ryder System’s dividend payout ratio (DPR) is presently 30.79%.

Ryder System News Summary

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

• Positive Sentiment: Q3 earnings beat expectations: Ryder reported comparable earnings of $4.33 per diluted share, up from $3.57 a year earlier and above the roughly $4.15-$4.17 analyst consensus. GAAP EPS was $4.16, compared with $3.33 in the prior-year quarter. Revenue increased 8.3% year over year. Ryder Reports Third Quarter 2026 Results
• Positive Sentiment: Full-year profit outlook increased: Ryder guided to fiscal 2026 EPS of $14.85-$15.05, above the $14.68 consensus estimate. The company also highlighted its eighth consecutive quarter of comparable EPS growth, supporting investor confidence in its operating execution. Ryder System Lifts Outlook After Strong Q3 Earnings
• Positive Sentiment: Analyst price targets moved higher: Citigroup raised its target to $302 and maintained a Buy rating. JPMorgan and Barclays lifted targets to $315, while Wells Fargo raised its target to $305; Stephens also increased its target to $305. The revisions indicate that analysts see additional upside after the earnings report. Analysts Boost Forecasts on Ryder
• Neutral Sentiment: Fourth-quarter guidance was broadly in line: Ryder forecast Q4 2026 EPS of $4.25-$4.45, compared with consensus of $4.27, suggesting continued earnings stability but limited near-term upside from the quarterly outlook.
• Negative Sentiment: Revenue guidance trails estimates: The company projected fiscal 2026 revenue of $10.7 billion, below the reported $13.3 billion consensus estimate. If accurate, the discrepancy could raise concerns about demand, business mix or the comparability of analyst forecasts despite the stronger profit outlook.

Analysts Set New Price Targets

Several brokerages have commented on R. Stephens raised their price objective on shares of Ryder System from $280.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research note on Monday, August 24th. Citizens Jmp started coverage on shares of Ryder System in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Citigroup reiterated a “market perform” rating on shares of Ryder System in a report on Friday. Finally, Wall Street Zen raised shares of Ryder System from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 12th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.44.

About Ryder System

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. Founded in 1933 by James Ryder and headquartered in Miami, Florida, the company serves businesses that rely on commercial vehicles, transportation networks and logistics infrastructure.

Through its Fleet Management Solutions business, Ryder offers full-service leasing, commercial vehicle rental, maintenance, fleet support and related services for trucks, tractors, trailers and other vehicles.