Landstar System, Inc. (LSTR) Forecasted to Earn FY2018 Earnings of $4.15 Per Share
Landstar System, Inc. (NASDAQ:LSTR) – Research analysts at KeyCorp lifted their FY2018 earnings per share estimates for Landstar System in a report released on Monday. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings of $4.15 per share for the year, up from their previous forecast of $4.00. KeyCorp has a “Buy” rating and a $110.00 price target on the stock.
Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The company had revenue of $870.34 million during the quarter, compared to the consensus estimate of $859.30 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “Landstar System, Inc. (LSTR) Forecasted to Earn FY2018 Earnings of $4.15 Per Share” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/04/landstar-system-inc-lstr-forecasted-to-earn-fy2018-earnings-of-4-15-per-share.html.
A number of other equities research analysts have also recently commented on LSTR. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 target price on shares of Landstar System in a research note on Tuesday, September 12th. BidaskClub lowered Landstar System from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Stephens upgraded shares of Landstar System from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $88.00 to $103.00 in a research note on Wednesday, August 30th. 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 note on Thursday, July 6th. Finally, Morgan Stanley increased their price objective on shares of Landstar System from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Landstar System currently has a consensus rating of “Hold” and a consensus target price of $90.11.
Landstar System (LSTR) traded down 0.10% on Wednesday, hitting $100.70. 119,143 shares of the company were exchanged. The company has a 50 day moving average price of $92.03 and a 200-day moving average price of $86.78. Landstar System has a 52 week low of $65.05 and a 52 week high of $101.75. The stock has a market capitalization of $4.22 billion, a P/E ratio of 29.09 and a beta of 0.76.
Several institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its holdings in Landstar System by 64.8% in the 2nd quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock worth $130,000 after buying an additional 599 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Landstar System by 36.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,600 shares of the transportation company’s stock worth $137,000 after buying an additional 427 shares during the last quarter. IFP Advisors Inc lifted its stake in Landstar System by 2.9% during the 2nd quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 47 shares during the period. PNC Financial Services Group Inc. lifted its stake in Landstar System by 22.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the transportation company’s stock valued at $171,000 after acquiring an additional 373 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new position in Landstar System during the 2nd quarter valued at about $202,000. 96.99% of the stock is currently owned by institutional investors.
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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