Ryder System (NYSE:R) Announces Quarterly Earnings Results

Ryder System (NYSE:R) released its earnings results on Thursday. The transportation company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25, FiscalAI reports. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $3.11 billion. Ryder System had a return on equity of 17.70% and a net margin of 3.95%.The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.46 earnings per share. Ryder System updated its FY 2026 guidance to 14.050-14.80 EPS and its Q2 2026 guidance to 3.500-3.75 EPS.

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

• Ryder raised full-year 2026 comparable EPS to $14.05–$14.80 (prior-year $12.92), citing stronger-than-expected Q1 results driven by improved used-vehicle sales and contractual performance.
• Management is executing a $170 million multi-year strategic initiative (launched 2024) that has realized $100 million to date and expects an incremental $70 million benefit in 2026, which management says will improve margins, reduce reliance on used-vehicle proceeds, and boost free cash flow.
• The company has shifted its revenue mix toward asset-light businesses (Supply Chain and Dedicated expected to be ~60% of 2026 revenue) and is pushing its Port-to-Door logistics offering as a scalable growth and margin opportunity.
• Operational headwinds remain in Fleet Management and Dedicated — rental demand and fleet counts are below normalized levels (rental utilization ~68%, average rental fleet down ~11%) and Dedicated EBT (5.2%) and Supply Chain EBT declined year-over-year, so recovery is uneven despite pockets of improvement.
• Strong cash generation and capital flexibility — management projects ~$10.5 billion from operations and used-vehicle proceeds over three years, creating ~$4.5 billion of flexible deployment capacity for growth capex, buybacks, and M&A; returned $272 million to shareholders in Q1.

Ryder System Trading Up 0.3%

Shares of R stock opened at $243.27 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.24. Ryder System has a twelve month low of $133.06 and a twelve month high of $246.92. The company’s 50-day moving average price is $210.91 and its 200-day moving average price is $194.13. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 20.32 and a beta of 0.93.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, February 17th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.64 annualized dividend and a dividend yield of 1.5%. Ryder System’s payout ratio is presently 30.41%.

Trending Headlines about Ryder System

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

• Positive Sentiment: EPS beat and profitability: Ryder reported GAAP and comparable EPS above expectations — $2.54 comparable EPS vs. consensus $2.29 — showing continued margin strength. Ryder (R) Tops Q1 Earnings Estimates
• Positive Sentiment: Raised FY 2026 outlook: Ryder updated full‑year EPS guidance to $14.05–14.80 and reiterated a Q2 range of $3.50–3.75, signaling management’s confidence after Q1 results. Ryder Raises 2026 Earnings Outlook After Solid First Quarter
• Positive Sentiment: Analyst upgrade / price-target lift: Robert W. Baird raised its price target to $253 and assigned an Outperform rating, supporting upside expectations versus recent trade levels. Baird raises price target to $253
• Positive Sentiment: Operational highlights and strategy praise: Coverage and call summaries emphasize balanced growth (including port-to-door logistics) and management’s cautious optimism, which investors view as durable drivers for revenue mix and margins. Ryder System Exceeds Expectations in Q1 2026
• Neutral Sentiment: Primary sources and analyst takeaways: Investors can review the full earnings press release, slide deck and call transcript for detailed guidance context and segment commentary. Ryder Reports First Quarter 2026 Results
• Neutral Sentiment: Earnings call transcript and summaries available — useful for detail but largely confirm the themes above (beat, guidance update, cautious tone). Q1 2026 Earnings Call Transcript
• Negative Sentiment: Revenue missed estimates: Total revenue came in at $2.57 billion vs. analyst expectations near $3.11 billion, a notable shortfall that tempers the upside from the EPS beat. Ryder Q1 results and materials

Analyst Ratings Changes

Several research analysts recently commented on R shares. Robert W. Baird increased their price objective on Ryder System from $202.00 to $253.00 and gave the company an “outperform” rating in a research note on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a report on Thursday, January 22nd. Citigroup reduced their target price on shares of Ryder System from $245.00 to $239.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Wells Fargo & Company raised their price target on shares of Ryder System from $210.00 to $236.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Susquehanna boosted their price target on shares of Ryder System from $235.00 to $250.00 and gave the stock a “positive” rating in a research report on Friday, February 13th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $221.56.

Insider Activity at Ryder System

In other news, Director E Follin Smith sold 32,230 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $207.61, for a total value of $6,691,270.30. Following the transaction, the director owned 1,549 shares of the company’s stock, valued at $321,587.89. This represents a 95.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas M. Havens sold 12,571 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $221.65, for a total value of $2,786,362.15. Following the sale, the insider directly owned 33,074 shares of the company’s stock, valued at $7,330,852.10. The trade was a 27.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,673 shares of company stock valued at $28,233,471 over the last ninety days. Corporate insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Ryder System

A number of institutional investors have recently made changes to their positions in the stock. Brogan Financial Inc. purchased a new position in shares of Ryder System during the 3rd quarter worth approximately $228,000. Smartleaf Asset Management LLC raised its position in Ryder System by 13.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,072 shares of the transportation company’s stock valued at $207,000 after purchasing an additional 127 shares during the period. Laird Norton Wetherby Wealth Management LLC acquired a new position in Ryder System during the third quarter worth $206,000. Vinva Investment Management Ltd boosted its position in shares of Ryder System by 14.6% during the fourth quarter. Vinva Investment Management Ltd now owns 1,019 shares of the transportation company’s stock worth $195,000 after buying an additional 130 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 buying an additional 110 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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.