Landstar System, Inc. (LSTR) to Post FY2017 Earnings of $3.67 Per Share, Oppenheimer Holdings Forecasts
Landstar System, Inc. (NASDAQ:LSTR) – Equities research analysts at Oppenheimer Holdings raised their FY2017 earnings estimates for shares of Landstar System in a research note issued on Monday. Oppenheimer Holdings analyst S. Schneeberger now forecasts that the transportation company will post earnings of $3.67 per share for the year, up from their previous estimate of $3.53. Oppenheimer Holdings also issued estimates for Landstar System’s Q4 2017 earnings at $1.00 EPS, Q1 2018 earnings at $0.92 EPS, Q2 2018 earnings at $1.05 EPS, Q3 2018 earnings at $1.07 EPS, Q4 2018 earnings at $1.14 EPS, FY2018 earnings at $4.17 EPS and FY2019 earnings at $4.60 EPS.
A number of other equities research analysts also recently weighed in on LSTR. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Thursday, July 6th. BidaskClub downgraded Landstar System from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Deutsche Bank AG downgraded Landstar System from a “buy” rating to a “hold” rating and dropped their target price for the stock 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 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 report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $96.67.
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Landstar System (NASDAQ LSTR) opened at 98.75 on Wednesday. The company has a market cap of $4.14 billion, a PE ratio of 28.52 and a beta of 0.76. Landstar System has a 52 week low of $71.45 and a 52 week high of $102.55. The company’s 50-day moving average price is $98.33 and its 200 day moving average price is $88.83.
Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. Landstar System had a return on equity of 25.53% and a net margin of 4.36%. The business had revenue of $943.40 million during the quarter, compared to analysts’ expectations of $895.31 million. During the same quarter last year, the business posted $0.86 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis.
A number of large investors have recently bought and sold shares of the business. Bridge City Capital LLC grew its stake in Landstar System by 8.7% in the third quarter. Bridge City Capital LLC now owns 12,181 shares of the transportation company’s stock valued at $1,214,000 after acquiring an additional 977 shares during the period. Clarkston Capital Partners LLC grew its stake in Landstar System by 4.0% in the third quarter. Clarkston Capital Partners LLC now owns 650,788 shares of the transportation company’s stock valued at $64,851,000 after acquiring an additional 25,306 shares during the period. Ironwood Investment Counsel LLC acquired a new position in Landstar System in the third quarter valued at about $423,000. Victory Capital Management Inc. acquired a new position in Landstar System in the third quarter valued at about $86,725,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Landstar System in the third quarter valued at about $513,000. 97.36% of the stock is owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. Landstar System’s payout ratio is 11.08%.
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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