$R

RYDER SYSTEM INC (R) filed an SEC Form 8-K — Results of Operations and Financial Condition. News Release Ryder Reports Third Quarter 2026 Results Delivers strong results and raises 2026 outlook; Strategic initiatives and improving freight market conditions driving momentum Third Quarter 2026 Highlights • GAAP EPS from continuing operations of $4.16, up 25% from prior ye

Ryder reported Q3 2026 earnings per share (EPS) growth for the eighth straight quarter, with GAAP EPS up 25% YoY to $4.16 and comparable EPS up 21% to $4.33. Total revenue rose 8% to $3.4B. The company raised its 2026 outlook, including ROE to 18-19% and comparable EPS to $14.85-$15.05. Growth was driven by Fleet Management Solutions and Supply Chain Solutions segments, with improving freight market conditions.

Ryder System (R) is expected to report Q3'26 earnings on October 22, with projected revenue of 3.37B USD and EPS of 4.15 USD. The announcement is scheduled for 7:00 AM ET.

Ryder System, Inc. declared a quarterly cash dividend of $1.01 per share, payable Dec 18, 2026, to shareholders of record on Nov 23, 2026, according to the company.

Citigroup upgraded Ryder System (R) to Buy, raising its price target to $285 from $283. The company's stock is currently trading at $235.18, which GuruFocus estimates is 30% overvalued. Ryder has a GF Score of 86, indicating strong performance in profitability and growth, but weaker financial strength. Analysts and gurus show mixed sentiment towards the stock.

Wall Street analyst research calls include upgrades for CAVA Group, Chime Financial, Global Payments, Palantir, and Ryder Systems, with downgrades for Constellation Brands, HubSpot, Phillips 66, NXP Semiconductors, and Tyler Technologies. Initiations include Goldman Sachs, Hut 8, Nebius Group, Spotify, and TXO Partners. Markets fell Wednesday due to rising yields and oil prices, with Bitcoin also experiencing a sell-off.

Hertz (HTZ) rose 16% to $2.08, rebounding from a record low, with no official announcement. Avis (CAR) gained 5%, and Ryder (R) increased 0.5%. Short interest in HTZ is at a record high, suggesting potential short covering. HTZ is down 60% YTD, while CAR is down 12%, and R is up 25%. The iShares U.S. Transportation ETF (IYT) fell 0.4%.

Wall Street analysts issued updates on several companies. Estee Lauder (EL) was upgraded to Outperform with a $108 target, Harley-Davidson (HOG) to Buy with a $33 target, Microsoft (MSFT) to Buy with a $665 target, and Wells Fargo (WFC) to Overweight with a $102 target. Align Technology (ALGN) was downgraded to In Line with a $155 target, and HubSpot (HUBS) to Market Perform. Bitcoin (BTC) saw volatility, trading around $86,120 after a Citigroup $113,000 target.

Barclays upgraded Ryder System to Overweight from Neutral, raising its price target to $298 from $296. The company's stock has seen a 5-day change of 2.74% and a 1st Jan change of 0.71%, with a year-to-date increase of 23.96%.

Analysts updated ratings and price targets for multiple companies. Estee Lauder (EL) was upgraded to Overweight with a new target of $108 by Barclays. Nike (NKE) was downgraded to Neutral with a target reduced to $35 by CTBC. Intel (INTC) and Nvidia (NVDA) saw target increases, while Tesla (TSLA) was kept at Reduce with a higher target.