Landstar System, Inc. (LSTR) Issues Earnings Results
Landstar System, Inc. (NASDAQ:LSTR) released its quarterly earnings data on Wednesday. The transportation company reported $0.89 EPS for the quarter, hitting analysts’ consensus estimates of $0.89, Briefing.com reports. The firm had revenue of $870.34 million during the quarter, compared to the consensus estimate of $859.30 million. Landstar System had a net margin of 4.34% and a return on equity of 26.51%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share.
Shares of Landstar System (NASDAQ:LSTR) traded down 0.34% during trading on Wednesday, hitting $89.15. 386,235 shares of the stock traded hands. Landstar System has a 52 week low of $65.05 and a 52 week high of $90.80. The firm’s 50-day moving average price is $86.75 and its 200-day moving average price is $85.43. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 26.76 and a beta of 0.76.
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A number of research firms have commented on LSTR. BidaskClub downgraded shares of Landstar System from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research raised shares of Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Thursday, July 6th. Stifel Nicolaus lifted their price objective on shares of Landstar System from $81.00 to $87.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, Cowen and Company lifted their price objective on shares of Landstar System from $76.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday, April 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Landstar System currently has an average rating of “Hold” and an average target price of $85.50.
About Landstar System
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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