Ryder System (NYSE:R) Issues Quarterly Earnings Results

Ryder System (NYSE:R) issued its quarterly earnings data on Thursday. The transportation company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.15 by $0.18, FiscalAI reports. Ryder System had a return on equity of 18.28% and a net margin of 3.88%. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the firm posted $3.57 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis.

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 Price Performance

Ryder System stock opened at $265.90 on Friday. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 21.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65. Ryder System has a 1 year low of $157.67 and a 1 year high of $284.25. The firm has a 50-day moving average of $242.32 and a two-hundred day moving average of $249.09.

Ryder System Announces Dividend

The business also recently disclosed 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 payout ratio is 32.87%.

Key Ryder System News

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

• Positive Sentiment: Ryder reported third-quarter comparable earnings of $4.33 per diluted share, up from $3.57 a year earlier and ahead of the roughly $4.15–$4.17 analyst consensus. GAAP EPS increased to $4.16 from $3.33, while comparable earnings before taxes rose to $234 million from $200 million. Ryder Reports Third Quarter 2026 Results
• Positive Sentiment: The quarter represented Ryder’s eighth consecutive quarter of comparable EPS growth. Revenue increased 8.3% year over year to approximately $2.76 billion, supporting the view that the company is gaining from resilient fleet-management, dedicated transportation and supply-chain activity. Eighth Consecutive Quarter of Comparable EPS Growth
• Positive Sentiment: Management lifted its outlook following the strong quarter. Commentary from the earnings call emphasized Ryder’s “cycle-ready” operating position, suggesting the company believes it can benefit from improving freight and commercial activity while maintaining cost discipline. Ryder System Lifts Outlook After Strong Q3 Earnings
• Neutral Sentiment: Investors will continue to monitor revenue quality and operating trends. Although revenue grew, Ryder’s low net margin and relatively high debt-to-equity ratio leave the company sensitive to freight demand, used-truck values, interest costs and broader economic conditions. Ryder System 2026 Q3 Results Presentation

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Citizens Jmp began coverage on Ryder System in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Robert W. Baird reissued a “neutral” rating and set a $245.00 target price (down from $290.00) on shares of Ryder System in a research report on Tuesday, September 29th. Wall Street Zen upgraded Ryder System from a “buy” rating to a “strong-buy” rating in a report on Monday, October 12th. Stephens upgraded Ryder System to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Wells Fargo & Company raised their price target on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold 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 $284.12.

Ryder System Company Profile

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.