Ryder System (NYSE:R) Issues Earnings Results, Beats Expectations By $0.04 EPS

Ryder System (NYSE:R) announced its quarterly earnings data on Thursday. The transportation company reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.04, FiscalAI reports. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the firm earned $3.32 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. 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 Ryder System stock opened at $267.72 on Friday. The company has a market capitalization of $10.36 billion, a PE ratio of 21.78 and a beta of 1.01. The company has a 50-day simple moving average of $262.32 and a two-hundred day simple moving average of $229.01. Ryder System has a one year low of $157.67 and a one year high of $284.25. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.68 and a current ratio of 1.29.

Ryder System Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 24th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.5%. This is a boost from Ryder System’s previous quarterly dividend of $0.91. The ex-dividend date is Monday, August 24th. Ryder System’s payout ratio is presently 32.87%.

Analyst Ratings Changes

A number of brokerages recently issued reports on R. Morgan Stanley raised their price target on Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Stephens upgraded Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Finally, Susquehanna raised their price target on shares of Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and a consensus target price of $279.88.

Insider Transactions at Ryder System

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

Institutional Trading of Ryder System

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its position in Ryder System by 52.8% during the 1st quarter. Royal Bank of Canada now owns 15,765 shares of the transportation company’s stock worth $2,267,000 after buying an additional 5,448 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Ryder System by 7.9% during the first quarter. Focus Partners Wealth now owns 1,851 shares of the transportation company’s stock worth $266,000 after purchasing an additional 135 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Ryder System by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 109 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Ryder System by 10.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,191 shares of the transportation company’s stock valued at $189,000 after purchasing an additional 110 shares during the last quarter. Finally, M&T Bank Corp grew its position in Ryder System by 10.9% during the 2nd quarter. M&T Bank Corp now owns 2,153 shares of the transportation company’s stock worth $343,000 after purchasing an additional 212 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

More Ryder System News

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

• Positive Sentiment: Ryder beat Q2 expectations, reporting adjusted EPS of $3.73 versus estimates and posting 5% revenue growth year over year, with stronger Fleet Management Solutions performance and share repurchases helping results. Ryder Reports Second Quarter 2026 Results
• Positive Sentiment: The company also raised its 2026 earnings outlook, which suggests management sees continued momentum after the quarter. Ryder System Raises 2026 Earnings Outlook on Strong Q2
• Positive Sentiment: Several analysts raised price targets after the earnings release, including Susquehanna to $310, Wells Fargo to $300, JPMorgan to $296, and Citigroup to $283, signaling improved sentiment around the stock. Analyst updates via Benzinga
• Neutral Sentiment: Despite the upgrades, most firms kept a neutral or similar stance, suggesting analysts see upside but not a major change in the overall investment case. Tickerreport.com coverage
• Negative Sentiment: Revenue came in below the headline analyst estimate cited in some reports, and Ryder’s Q3 and FY2026 EPS guidance was slightly below consensus, which may temper some of the post-earnings enthusiasm. Zacks earnings analysis

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.