Landstar System (LSTR) Scheduled to Post Earnings on Wednesday

Landstar System (NASDAQ:LSTR) is set to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Landstar System to post earnings of $1.34 per share for the quarter. Landstar System has set its Q1 guidance at $1.25-1.35 EPS and its Q1 2024 guidance at 1.250-1.350 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, January 31st. The transportation company reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.01). Landstar System had a net margin of 4.99% and a return on equity of 26.73%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. On average, analysts expect Landstar System to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Landstar System Stock Performance

NASDAQ LSTR opened at $174.13 on Wednesday. The company’s 50 day moving average is $188.10 and its 200-day moving average is $183.82. Landstar System has a 12-month low of $161.13 and a 12-month high of $208.62. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.23 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 4.72 and a beta of 0.83.

Landstar System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 12th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, February 9th. This represents a $1.32 dividend on an annualized basis and a yield of 0.76%. Landstar System’s dividend payout ratio is currently 17.96%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Susquehanna cut their price objective on shares of Landstar System from $170.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Stifel Nicolaus cut their price target on shares of Landstar System from $171.00 to $166.00 and set a “hold” rating on the stock in a report on Friday, February 2nd. Wolfe Research upgraded shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 target price on the stock in a report on Wednesday, January 10th. Finally, UBS Group increased their target price on shares of Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $184.55.

Insider Transactions at Landstar System

In other Landstar System news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the sale, the vice president now directly owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Landstar System

A number of large investors have recently modified their holdings of LSTR. BlackRock Inc. grew its position in shares of Landstar System by 0.8% in the 1st quarter. BlackRock Inc. now owns 4,085,967 shares of the transportation company’s stock valued at $616,286,000 after buying an additional 31,476 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Landstar System by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 3,454,652 shares of the transportation company’s stock valued at $668,993,000 after buying an additional 27,026 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Landstar System by 0.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,273,485 shares of the transportation company’s stock valued at $586,805,000 after buying an additional 25,366 shares during the last quarter. Morgan Stanley grew its position in shares of Landstar System by 756.6% in the 4th quarter. Morgan Stanley now owns 3,045,902 shares of the transportation company’s stock valued at $496,178,000 after buying an additional 2,690,326 shares during the last quarter. Finally, State Street Corp grew its position in shares of Landstar System by 4.1% in the 1st quarter. State Street Corp now owns 1,179,816 shares of the transportation company’s stock valued at $177,952,000 after buying an additional 46,997 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.