Equities analysts expect that Landstar System, Inc. (NASDAQ:LSTR) will announce sales of $893.86 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Landstar System’s earnings, with the highest sales estimate coming in at $961.00 million and the lowest estimate coming in at $870.00 million. Landstar System posted sales of $787.94 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.4%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, October 25th.

On average, analysts expect that Landstar System will report full year sales of $893.86 million for the current financial year, with estimates ranging from $3.44 billion to $3.66 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.75 billion per share, with estimates ranging from $3.64 billion to $4.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Landstar System.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, beating the 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 business had revenue of $870.34 million during the quarter, compared to analyst estimates of $859.30 million. During the same period in the prior year, the business earned $0.76 earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis.

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Landstar System from $68.00 to $73.00 and gave the company an “underweight” rating in a report on Thursday, October 5th. Robert W. Baird restated a “hold” rating and set a $102.00 price objective on shares of Landstar System in a report on Friday, October 6th. KeyCorp restated a “buy” rating and set a $110.00 price objective on shares of Landstar System in a report on Tuesday, October 3rd. Buckingham Research assumed coverage on shares of Landstar System in a report on Friday. They set a “neutral” rating and a $103.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Landstar System from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $94.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Landstar System by 7,684.2% in the first quarter. BlackRock Inc. now owns 4,087,876 shares of the transportation company’s stock valued at $350,127,000 after buying an additional 4,035,361 shares in the last quarter. Vanguard Group Inc. lifted its stake in Landstar System by 2.2% in the second quarter. Vanguard Group Inc. now owns 3,457,375 shares of the transportation company’s stock valued at $295,951,000 after buying an additional 74,458 shares in the last quarter. Atlanta Capital Management Co. L L C lifted its stake in Landstar System by 6.5% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,430,445 shares of the transportation company’s stock valued at $208,046,000 after buying an additional 147,478 shares in the last quarter. Royce & Associates LP lifted its stake in Landstar System by 0.5% in the second quarter. Royce & Associates LP now owns 1,355,610 shares of the transportation company’s stock valued at $116,040,000 after buying an additional 7,100 shares in the last quarter. Finally, FMR LLC lifted its stake in Landstar System by 64.7% in the second quarter. FMR LLC now owns 1,209,985 shares of the transportation company’s stock valued at $103,575,000 after buying an additional 475,220 shares in the last quarter. 97.53% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System (LSTR) traded up 0.55% during mid-day trading on Tuesday, reaching $99.85. 104,591 shares of the company traded hands. Landstar System has a one year low of $69.20 and a one year high of $102.55. The firm has a market cap of $4.19 billion, a PE ratio of 28.84 and a beta of 0.76. The stock’s 50-day moving average price is $97.54 and its 200-day moving average price is $88.23.

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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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