Landstar System Inc. (LSTR) Updates Q4 Earnings Guidance
Landstar System Inc. (NASDAQ:LSTR) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.62-0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72, StockRatingsNetwork reports. The company issued revenue guidance of $650-700 million, compared to the consensus revenue estimate of $715.50 million.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Landstar System from an underperform rating to a neutral rating in a research note to investors on Monday, August 19th. They now have a $55.50 price target on the stock. Analysts at Jefferies Group cut their price target on shares of Landstar System from $54.00 to $52.00 in a research note to investors on Friday, July 26th. They now have a hold rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $56.85.
Shares of Landstar System Inc. (NASDAQ:LSTR) traded down 4.82% during mid-day trading on Thursday, hitting $55.081. 195,113 shares of the company’s stock traded hands. Landstar System Inc. has a one year low of $46.01 and a one year high of $59.97. The stock has a 50-day moving average of $55.25 and a 200-day moving average of $54.45. The company has a market cap of $2.517 billion and a price-to-earnings ratio of 21.67.
Landstar System (NASDAQ:LSTR) last announced its earnings results on Thursday, October 24th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.69 by $0.05. The company had revenue of $680.50 million for the quarter, compared to the consensus estimate of $693.92 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. Analysts expect that Landstar System Inc. will post $2.64 EPS for the current fiscal year.
Landstar System, Inc (NASDAQ:LSTR) is a non-asset based provider of freight transportation services and supply chain solutions.
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