Stephens raises Ryder Systems stock price target on earnings beat

Citizens maintained its Market Perform rating on Ryder Systems (R) after the company's Q3 2026 earnings beat estimates, driven by strong Fleet Management Solutions performance. R reported $4.33 adjusted EPS (vs. $4.15 estimate) and $3.4B revenue, raising its full-year profit outlook. The stock is up 68.7% over the past year and 40% YTD, trading at $265.53, but is considered overvalued by InvestingPro.

Ryder System Inc (R) reported its eighth straight quarter of EPS growth, up 21% YoY. ROE increased to 18%, with full-year 2026 forecast raised to 18%-19%. Used vehicle sales improved, with pricing up 19% for tractors and 5% for trucks. Commercial rental utilization reached 77%, up 700 bps YoY. The company raised its full-year 2026 EPS forecast to $14.85-$15.05. Challenges include Dedicated revenue decline and driver wage inflation in select markets.

Ryder System (R) reported Q3 earnings, with Supply Chain Solutions revenue up 9% and Dedicated Transportation revenue down 1%. The company raised its 2026 EPS outlook to $14.85-$15.05 and expects $10.5B in cash flow over three years. Capital spending was adjusted, with rental investments increasing. Management cited growth opportunities in consumer goods, industrial, healthcare, and retail sectors.

Ryder's (R) Q3 earnings rose 25.22%, driving its stock up 10.49% to $265.53. The company discussed growth prospects and EPA '27 engine rules impacting heavy-duty vehicle emissions. Ryder's CEO noted no pre-buy surge activity but acknowledged price increases in 2027. Analysts questioned fleet growth and compliance with upcoming EPA regulations.

Ryder System reported 8 consecutive quarters of EPS growth, driven by asset-light businesses (60% of revenue) and strategic initiatives. Q3 2026 EPS forecast raised to $14.85-$15.05. Management expects $250M earnings benefit at next cycle peak. Rental fleet to increase 8% in Q4 2026. Used vehicle inventory at 7,300 units, supporting pricing strength. Rental utilization at 77%, highest since 2022. Management confident in maintaining low-teens EBT margins in Fleet Management Solutions.

Ryder System reported Q3 2026 revenue of $3.43B, up 8.3% YoY, with net income rising 17.4% to $162M and EPS increasing 25% to $4.15. Growth was seen across all segments, driven by improved used-vehicle results and strategic initiatives.