Wall Street analysts forecast that Landstar System, Inc. (NASDAQ:LSTR) will post earnings per share of $0.92 for the current quarter, Zacks reports. Seven analysts have made estimates for Landstar System’s earnings, with the highest EPS estimate coming in at $0.93 and the lowest estimate coming in at $0.91. Landstar System posted earnings of $0.86 per share during the same quarter last year, which suggests a positive year over year growth rate of 7%. The firm is scheduled to report its next earnings report after the market closes on Wednesday, October 25th.

According to Zacks, analysts expect that Landstar System will report full year earnings of $3.56 per share for the current year, with EPS estimates ranging from $3.52 to $3.63. For the next fiscal year, analysts forecast that the firm will post earnings of $4.00 per share, with EPS estimates ranging from $3.80 to $4.15. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Landstar System.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $870.34 million for the quarter, compared to the consensus estimate of $859.30 million. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Landstar System from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Morgan Stanley raised their price target on shares of Landstar System from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Monday, August 7th. Stephens upgraded shares of Landstar System from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $88.00 to $103.00 in a research note on Wednesday, August 30th. BidaskClub lowered shares of Landstar System from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus upgraded shares of Landstar System from a “hold” rating to a “buy” rating and raised their price target for the stock from $87.00 to $95.00 in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $87.63.

Shares of Landstar System (NASDAQ LSTR) traded down 1.05% during trading on Thursday, reaching $94.10. The company’s stock had a trading volume of 468,232 shares. The stock’s 50 day moving average price is $86.31 and its 200-day moving average price is $85.58. The firm has a market cap of $3.95 billion, a PE ratio of 27.18 and a beta of 0.74. Landstar System has a 12 month low of $65.05 and a 12 month high of $96.15.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. This is a boost from Landstar System’s previous quarterly dividend of $0.09. Landstar System’s payout ratio is currently 11.56%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Glen Harbor Capital Management LLC increased its position in shares of Landstar System by 11.9% during the first quarter. Glen Harbor Capital Management LLC now owns 1,200 shares of the transportation company’s stock valued at $103,000 after buying an additional 128 shares during the period. Advisor Group Inc. increased its position in shares of Landstar System by 64.8% during the second quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock valued at $130,000 after buying an additional 599 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Landstar System by 36.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,600 shares of the transportation company’s stock valued at $137,000 after buying an additional 427 shares during the period. Tyers Asset Management LLC increased its position in shares of Landstar System by 11.9% during the first quarter. Tyers Asset Management LLC now owns 1,650 shares of the transportation company’s stock valued at $141,000 after buying an additional 176 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Landstar System by 2.9% during the second quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after buying an additional 47 shares during the period. Institutional investors own 97.00% of the company’s stock.

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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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Earnings History and Estimates for Landstar System (NASDAQ:LSTR)

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