Landstar System, Inc. (NASDAQ:LSTR) – KeyCorp boosted their Q3 2017 EPS estimates for shares of Landstar System in a report released on Monday. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings of $1.00 per share for the quarter, up from their prior forecast of $0.93. KeyCorp has a “Buy” rating and a $110.00 price objective on the stock. KeyCorp also issued estimates for Landstar System’s Q4 2017 earnings at $0.99 EPS and FY2017 earnings at $3.65 EPS.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $870.34 million during the quarter, compared to analyst estimates of $859.30 million. Landstar System had a return on equity of 26.11% and a net margin of 4.37%. Landstar System’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. COPYRIGHT VIOLATION WARNING: “Q3 2017 Earnings Forecast for Landstar System, Inc. Issued By KeyCorp (LSTR)” was published by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/05/q3-2017-earnings-forecast-for-landstar-system-inc-issued-by-keycorp-lstr.html.

A number of other analysts have also recently commented on LSTR. BidaskClub upgraded Landstar System from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Thursday, July 6th. Deutsche Bank AG cut Landstar System from a “buy” rating to a “hold” rating and reduced their price objective for the company from $97.00 to $87.00 in a research report on Monday, July 31st. Stifel Nicolaus upgraded Landstar System from a “hold” rating to a “buy” rating and upped their price objective for the company from $87.00 to $95.00 in a research report on Monday, July 31st. Finally, Morgan Stanley upped their price objective on Landstar System from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $90.11.

Shares of Landstar System (LSTR) opened at 100.30 on Thursday. Landstar System has a 52-week low of $65.05 and a 52-week high of $101.75. The company has a 50-day moving average price of $92.50 and a 200-day moving average price of $86.88. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 28.97 and a beta of 0.76.

A number of large investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Landstar System by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,119 shares of the transportation company’s stock valued at $524,000 after purchasing an additional 17 shares during the period. Capstone Asset Management Co. grew its holdings in Landstar System by 0.4% during the second quarter. Capstone Asset Management Co. now owns 4,531 shares of the transportation company’s stock valued at $388,000 after purchasing an additional 20 shares during the period. BB&T Corp grew its holdings in Landstar System by 1.3% during the second quarter. BB&T Corp now owns 3,033 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 39 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Landstar System by 0.5% during the second quarter. Oppenheimer & Co. Inc. now owns 8,770 shares of the transportation company’s stock valued at $751,000 after purchasing an additional 40 shares during the period. Finally, IFP Advisors Inc grew its holdings in 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 purchasing an additional 47 shares during the period. 96.99% of the stock is owned by institutional investors and hedge funds.

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.

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

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