Ryder System Q2 Adj $3.00 Beats $2.87 Estimate, Sales $3.18B Miss $3.24B Estimate

7/25/24 6:57:07 AM ET

Rental/Leasing Companies

Consumer Discretionary

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Ryder System (NYSE:R) reported quarterly earnings of $3.00 per share which beat the analyst consensus estimate of $2.87 by 4.53 percent. This is a 16.9 percent decrease over earnings of $3.61 per share from the same period last year. The company reported quarterly sales of $3.18 billion which missed the analyst consensus estimate of $3.24 billion by 1.79 percent. This is a 10.33 percent increase over sales of $2.88 billion the same period last year.

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Recent Analyst Ratings for
$R

Date	Price Target	Rating	Analyst
6/24/2024	$165.00	Overweight	Morgan Stanley
6/14/2024	$125.00 → $145.00	Hold → Buy	Vertical Research
1/10/2024		Buy → Hold	Vertical Research
10/4/2023		Outperform → Peer Perform	Wolfe Research
7/31/2023	$118.00	Neutral → Outperform	Robert W. Baird
1/10/2023	$100.00	Peer Perform → Outperform	Wolfe Research
6/6/2022		Underperform → Peer Perform	Wolfe Research
4/5/2022		Peer Perform → Underperform	Wolfe Research

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Financials

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Ryder Reports Third Quarter 2024 Results
Delivers Solid Q3 Results; Continues to Outperform Prior Cycles Third Quarter 2024 Highlights GAAP EPS from continuing operations of $3.25 compared to $3.44 in prior year Comparable EPS (non-GAAP) from continuing operations of $3.44, as compared to $3.58 in prior year, reflecting weaker market conditions in rental and used vehicle sales, partially offset by higher earnings in contractual lease, supply chain, and dedicated businesses Total revenue of $3.2 billion compared to $2.9 billion in prior year Operating revenue (non-GAAP) of $2.6 billion, up 9%, reflecting recent acquisitions Full-Year 2024 Forecast Reaffirming Adjusted ROE (ROE) of 16% - 16.5% Comparable EPS (non-GAAP
10/24/24 6:55:00 AM ET
$R
Rental/Leasing Companies
Consumer Discretionary
Ryder Declares Quarterly Cash Dividend
Company Pays Dividend for 193rd Consecutive Quarter The Board of Directors of Ryder System, Inc. (NYSE:R) declared a regular quarterly cash dividend of $0.81 per share of common stock to be paid on December 20, 2024 to shareholders of record on November 18, 2024. This is Ryder's 193rd consecutive quarterly cash dividend – marking more than 48 years of uninterrupted dividend payments. About Ryder System, Inc. Ryder System, Inc. (NYSE:R) is a fully integrated port-to-door logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, contract manufacturing and packaging, e-commerce fulfillme
10/9/24 4:30:00 PM ET
$R
Rental/Leasing Companies
Consumer Discretionary
Ryder Third Quarter 2024 Earnings Conference Call Scheduled for October 24, 2024
Ryder System, Inc. (NYSE:R), a leader in supply chain, dedicated transportation, and fleet management solutions, today provided details regarding its conference call scheduled for Thursday, October 24, 2024 at 11:00 a.m. Eastern Time. During the call, management will review third quarter 2024 results. The call will be webcast over the internet. What: Ryder System, Inc. Third Quarter 2024 Earnings Conference Call Who: Chairman and Chief Executive Officer Robert Sanchez and Executive Vice President and Chief Financial Officer John Diez When: Thursday, October 24, 2024 from 11:00 a.m. to 12:00 p.m. Eastern Time How: Live webcast: Ryde
9/24/24 6:55:00 AM ET
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Press Releases

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Ryder Chief Information Security Officer Named a Top Global CISO for 2024
Joe Ellis Wins the Title of Top Global CISO for 2024 in Cyber Defense Magazine's 12th Annual Awards Ryder System, Inc. (NYSE:R) is proud to announce that its Chief Information Security Officer (CISO) Joe Ellis has been named a winner in the Top Global CISOs Awards for 2024, sponsored annually by Cyber Defense Magazine. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114826814/en/Ryder Chief Information Security Officer (CISO) Joe Ellis has been named a winner of the Top Global CISOs Awards for 2024, sponsored annually by Cyber Defense Magazine. (Photo: Business Wire) To secure this top honor, Mr. Ellis competed against thous
11/14/24 6:55:00 AM ET
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Rental/Leasing Companies
Consumer Discretionary
Ryder Recognized for Environmental Leadership; Sustainable Transportation Solutions
U.S. Environmental Protection Agency (EPA) names Ryder a 2024 SmartWay® Excellence Award winner and SmartWay® High Performer Ryder recognized for outstanding environmental performance and freight sustainability leadership in its dedicated transportation business A SmartWay partner since 2006, Ryder supports customers with series of coordinated measures aiming to reduce emissions to SmartWay standards Ryder System, Inc. (NYSE:R) is a U.S. EPA 2024 SmartWay® Excellence Award winner and SmartWay® High Performer for outstanding environmental performance and freight sustainability leadership in its dedicated transportation business. Of the nearly 4,000 EPA SmartWay truck carrier partn
11/13/24 6:55:00 AM ET
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Rental/Leasing Companies
Consumer Discretionary
Ryder Executive Vice President and CFO to Address Stephens Annual Investment Conference
Ryder System, Inc. (NYSE:R) Executive Vice President and CFO John Diez to address the 2024 Stephens Annual Investment Conference. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112906506/en/Ryder System, Inc. Executive Vice President & CFO John Diez (Photo: Business Wire) Who: Ryder System, Inc. Executive Vice President and CFO John Diez What: Stephens Annual Investment Conference Where: Nashville, Tenn. When: Tuesday, November 19, 2024 Time: 4:00 p.m. CST Webcast: Visit https://investors.ryder.com to access link to the live webcast. About Ryd
11/12/24 6:55:00 AM ET
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Leadership Updates

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Oportun Appoints Scott Parker to its Board of Directors in Cooperation with Findell Capital
SAN CARLOS, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT) ("Oportun", or the "Company"), a mission-driven fintech, today announced the appointment of Scott Parker as a new independent director and Richard Tambor as an observer to Oportun's Board of Directors, each effective immediately. Tambor will stand for election to Oportun's Board of Directors at Oportun's 2024 annual shareholder meeting later this year. The appointments are in connection with a cooperation agreement (the "Agreement") the Company has entered into with Findell Capital Management LLC (together, with certain of its affiliates "Findell"). Findell is an investment firm that owns approximately 7.7% of Opo
4/22/24 4:05:00 PM ET
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Finance: Consumer Services
Finance
Rental/Leasing Companies
Consumer Discretionary
H.I.G. Capital Announces the Sale of Cardinal Logistics
H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce the sale of its portfolio company, Cardinal Logistics ("Cardinal" or the "Company"), to Ryder System, Inc. ("Ryder") (NYSE:R). Founded in 1997 and headquartered in Concord, NC, Cardinal provides fully outsourced transportation and logistics solutions to customers across diverse end markets. The Company's dedicated contract carriage ("DCC") offering allows customers to secure a dedicated fleet and drivers, servicing complex route structures across distribution centers, suppliers, and stores. Cardinal enhances operating efficiencies and delivers except
2/1/24 9:30:00 AM ET
$R
Rental/Leasing Companies
Consumer Discretionary
Ryder System, Inc. Elects Charles M. Swoboda to its Board of Directors
The board of directors of Ryder System, Inc. (NYSE:R), a leader in supply chain, dedicated transportation, and commercial fleet management solutions, today announces the appointment of Charles M. "Chuck" Swoboda to its board, effective December 12, 2022. Mr. Swoboda will serve as a member of the audit and governance committees. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221212005069/en/Ryder appoints Charles M. "Chuck" Swoboda to its board of directors, effective December 12, 2022. (Photo: Business Wire) "The board nominated Mr. Swoboda as director for his impressive leadership experience," says Ryder Chairman and CEO Robert
12/12/22 7:55:00 AM ET
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Ryder System Q2 Adj $3.00 Beats $2.87 Estimate, Sales $3.18B Miss $3.24B Estimate

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Amendment: SEC Form SC 13G/A filed by Ryder System Inc.

SEC Form SC 13G/A filed by Ryder System Inc. (Amendment)

SEC Form SC 13G/A filed by Ryder System Inc. (Amendment)

$R Market Insights

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Ryder Sees Q3 Adj EPS Of $3.30 - $3.50 Vs. $3.39 Est.

Ryder Sees FY24 Revenue Growth Of About 8%; Adj EPS Of $11.90 - $12.40 Vs. $12.04 Est.