Landstar System Inc. (LSTR) to Release Quarterly Earnings on Wednesday
Landstar System Inc. (NASDAQ:LSTR) is scheduled to issue its Q316 quarterly earnings data on Wednesday, October 19th. Landstar System has set its Q3 guidance at $0.79-0.84 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by $0.05. The business earned $775 million during the quarter, compared to analyst estimates of $790.95 million. Landstar System had a net margin of 4.37% and a return on equity of 28.83%. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. On average, analysts expect Landstar System to post $3.08 EPS for the current fiscal year and $3.42 EPS for the next fiscal year.
Landstar System Inc. (NASDAQ:LSTR) opened at 65.70 on Tuesday. The firm has a market cap of $2.77 billion, a PE ratio of 20.30 and a beta of 0.80. Landstar System Inc. has a one year low of $53.03 and a one year high of $72.97. The company has a 50 day moving average of $67.40 and a 200-day moving average of $67.43.
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In related news, CMO Patrick J. O’malley sold 1,787 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $69.17, for a total value of $123,606.79. Following the transaction, the chief marketing officer now owns 40,237 shares in the company, valued at $2,783,193.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlueMountain Capital Management LLC raised its position in Landstar System by 227.3% in the second quarter. BlueMountain Capital Management LLC now owns 43,854 shares of the company’s stock valued at $3,011,000 after buying an additional 30,457 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Landstar System during the second quarter valued at approximately $542,000. Sei Investments Co. raised its position in Landstar System by 155.2% in the second quarter. Sei Investments Co. now owns 19,279 shares of the company’s stock valued at $1,324,000 after buying an additional 11,726 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Landstar System by 173.7% in the second quarter. Janney Montgomery Scott LLC now owns 23,104 shares of the company’s stock valued at $1,586,000 after buying an additional 14,663 shares during the last quarter. Finally, Comerica Bank raised its position in Landstar System by 1.7% in the second quarter. Comerica Bank now owns 29,973 shares of the company’s stock valued at $2,079,000 after buying an additional 507 shares during the last quarter.
A number of equities research analysts recently commented on LSTR shares. Zacks Investment Research raised shares of Landstar System from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Citigroup Inc. cut shares of Landstar System to a “market perform” rating in a research note on Tuesday, August 2nd. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. cut shares of Landstar System to an “outperform” rating in a research note on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. Landstar System presently has an average rating of “Hold” and an average price target of $62.66.
Landstar System Company Profile
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
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