$0.88 EPS Expected for Landstar System, Inc. (LSTR) This Quarter
Equities research analysts expect Landstar System, Inc. (NASDAQ:LSTR) to post earnings per share of $0.88 for the current quarter, according to Zacks. Seven analysts have made estimates for Landstar System’s earnings, with the lowest EPS estimate coming in at $0.84 and the highest estimate coming in at $0.93. Landstar System reported earnings per share of $0.76 in the same quarter last year, which indicates a positive year over year growth rate of 15.8%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, July 26th.
On average, analysts expect that Landstar System will report full year earnings of $3.55 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.68. For the next financial year, analysts anticipate that the business will report earnings of $3.99 per share, with EPS estimates ranging from $3.77 to $4.50. Zacks’ EPS averages are an average based on a survey of research analysts that cover Landstar System.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, April 26th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. Landstar System had a net margin of 4.34% and a return on equity of 26.51%. The firm had revenue of $780.90 million during the quarter, compared to the consensus estimate of $757.56 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year.
Several research analysts recently issued reports on LSTR shares. BidaskClub cut shares of Landstar System from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Cowen and Company raised their price target on shares of Landstar System from $76.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday, April 27th. Zacks Investment Research upgraded shares of Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Thursday, July 6th. Finally, Stifel Nicolaus raised their price target on shares of Landstar System from $81.00 to $87.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $85.50.
A number of institutional investors have recently bought and sold shares of LSTR. State Treasurer State of Michigan raised its position in Landstar System by 1.8% in the second quarter. State Treasurer State of Michigan now owns 17,300 shares of the transportation company’s stock worth $1,481,000 after buying an additional 300 shares during the last quarter. Aperio Group LLC raised its position in Landstar System by 1.4% in the second quarter. Aperio Group LLC now owns 34,484 shares of the transportation company’s stock worth $2,952,000 after buying an additional 487 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Landstar System by 3.8% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the transportation company’s stock worth $933,000 after buying an additional 400 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID raised its position in Landstar System by 0.3% in the second quarter. Mountain Pacific Investment Advisers Inc. ID now owns 225,730 shares of the transportation company’s stock worth $19,322,000 after buying an additional 715 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in Landstar System by 15.0% in the second quarter. LS Investment Advisors LLC now owns 3,892 shares of the transportation company’s stock worth $333,000 after buying an additional 508 shares during the last quarter. Hedge funds and other institutional investors own 97.46% of the company’s stock.
Shares of Landstar System (LSTR) traded down 0.659% during midday trading on Wednesday, hitting $86.625. 155,853 shares of the stock were exchanged. The firm’s 50-day moving average is $86.10 and its 200-day moving average is $85.31. Landstar System has a 12 month low of $65.05 and a 12 month high of $90.80. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 26.006 and a beta of 0.76.
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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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