Analysts forecast that Landstar System, Inc. (NASDAQ:LSTR) will report sales of $1.00 billion for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Landstar System’s earnings. The lowest sales estimate is $972.00 million and the highest is $1.02 billion. Landstar System reported sales of $892.83 million in the same quarter last year, which indicates a positive year over year growth rate of 12%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, January 31st.

On average, analysts expect that Landstar System will report full-year sales of $1.00 billion for the current financial year, with estimates ranging from $3.57 billion to $3.61 billion. For the next fiscal year, analysts expect that the company will report sales of $3.89 billion per share, with estimates ranging from $3.78 billion to $4.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Landstar System.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.05. The business had revenue of $943.40 million during the quarter, compared to analyst estimates of $895.31 million. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. Landstar System’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS.

Several brokerages have recently weighed in on LSTR. Buckingham Research assumed coverage on Landstar System in a research report on Friday, October 20th. They set a “neutral” rating and a $103.00 price target on the stock. Cowen reaffirmed a “hold” rating and issued a $97.00 target price on shares of Landstar System in a research note on Friday, October 27th. BidaskClub lowered Landstar System from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research raised Landstar System from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research note on Tuesday, October 10th. Finally, Robert W. Baird reissued a “hold” rating and set a $102.00 price objective on shares of Landstar System in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $98.73.

Shares of Landstar System (LSTR) traded down $0.45 during trading hours on Friday, hitting $103.85. 391,200 shares of the company were exchanged, compared to its average volume of 262,967. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.12. The stock has a market cap of $4,377.03, a P/E ratio of 28.77, a P/E/G ratio of 1.85 and a beta of 0.81. Landstar System has a 52 week low of $80.00 and a 52 week high of $107.60.

Landstar System announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 13th that allows the company to buyback 1,960,000 outstanding shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a special dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be given a dividend of $1.50 per share. This is a boost from Landstar System’s previous special dividend of $1.00. This represents a dividend yield of 0.39%. The ex-dividend date of this dividend is Thursday, January 11th. Landstar System’s payout ratio is presently 11.08%.

In other news, Director Dr. Homaira Akbari sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $98.30, for a total transaction of $98,300.00. Following the transaction, the director now owns 6,656 shares of the company’s stock, valued at approximately $654,284.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James B. Gattoni sold 15,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $98.72, for a total value of $1,480,800.00. Following the transaction, the chief executive officer now owns 69,339 shares of the company’s stock, valued at approximately $6,845,146.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,805 shares of company stock worth $4,028,128. Corporate insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its holdings in shares of Landstar System by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 267,117 shares of the transportation company’s stock valued at $22,866,000 after purchasing an additional 18,500 shares during the period. Legal & General Group Plc lifted its position in shares of Landstar System by 15.0% in the second quarter. Legal & General Group Plc now owns 46,732 shares of the transportation company’s stock valued at $4,000,000 after acquiring an additional 6,110 shares in the last quarter. Federated Investors Inc. PA increased its holdings in shares of Landstar System by 17.8% in the second quarter. Federated Investors Inc. PA now owns 26,573 shares of the transportation company’s stock valued at $2,275,000 after purchasing an additional 4,018 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Landstar System by 6.4% in the second quarter. Pacer Advisors Inc. now owns 4,475 shares of the transportation company’s stock valued at $383,000 after purchasing an additional 270 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Landstar System by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,824 shares of the transportation company’s stock worth $156,000 after acquiring an additional 224 shares during the last quarter. Institutional investors own 97.93% 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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