Ryder Posts 3Q EPS of $4.15
R sits 52% above its 52-week low of $157.67.
Summary
Ryder reported third-quarter adjusted EPS of $4.33, up 21% and above the IBES estimate of $4.15, and raised its full-year forecast, lifting FY26 comparable EPS guidance to $14.85-$15.05. It also increased its full-year rental fleet investment to $500 million, up $300 million from prior forecast. Revenue came in at $3.4B, continuing operations EPS was $4.16 and net income was $162M. Context matters here: Ryder beat Q2 estimates with comparable EPS of $3.73 and raised full-year guidance on a 20% jump in Fleet Management Solutions earnings, so the bar was already high. The company also priced $500 million of 5.000% senior notes due 2031 in late July, adding interest expense to the P&L.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Ryder raised FY26 comparable EPS guidance to $14.85-$15.05 and increased its full-year rental fleet investment to $500 million, up $300 million from prior forecast.
At the time of this announcement, R was trading at $240.31 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $9.2B. The 52-week trading range was $157.67 to $284.25. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.