Landstar System (LSTR) Scheduled to Post Earnings on Wednesday
Landstar System (NASDAQ:LSTR) will be posting its Q214 quarterly earnings results on Wednesday, July 23rd. Analysts expect Landstar System to post earnings of $0.77 per share and revenue of $777.55 million for the quarter. Landstar System has set its Q2 guidance at $0.73-0.78 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. The company had revenue of $688.00 million for the quarter, compared to the consensus estimate of $667.21 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts expect Landstar System to post $2.90 EPS for the current fiscal year and $3.27 EPS for the next fiscal year.
Shares of Landstar System (NASDAQ:LSTR) opened at 64.42 on Tuesday. Landstar System has a 52-week low of $51.47 and a 52-week high of $65.79. The stock’s 50-day moving average is $64.19 and its 200-day moving average is $60.90. The company has a market cap of $2.896 billion and a P/E ratio of 20.19.
A number of research firms have recently commented on LSTR. Analysts at Robert W. Baird raised their price target on shares of Landstar System from $68.00 to $70.00 in a research note on Tuesday, July 8th. On a related note, analysts at Credit Suisse reiterated a “positive” rating on shares of Landstar System in a research note on Wednesday, June 4th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Landstar System in a research note on Friday, April 25th. They now have a $60.00 price target on the stock, up previously from $55.00. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $62.46.
Landstar System, Inc (NASDAQ:LSTR) is a non-asset based provider of freight transportation services and supply chain solutions.
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