Wall Street analysts expect that Landstar System, Inc. (NASDAQ:LSTR) will report $1.02 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Landstar System’s earnings, with the highest EPS estimate coming in at $1.04 and the lowest estimate coming in at $1.00. Landstar System reported earnings of $0.94 per share in the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, January 31st.

On average, analysts expect that Landstar System will report full-year earnings of $3.69 per share for the current fiscal year, with EPS estimates ranging from $3.67 to $3.71. For the next fiscal year, analysts expect that the business will report earnings of $4.44 per share, with EPS estimates ranging from $3.90 to $5.00. Zacks’ EPS averages are an average based on a survey of analysts that follow Landstar System.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. The firm had revenue of $943.40 million during the quarter, compared to analyst estimates of $895.31 million. Landstar System had a return on equity of 25.53% and a net margin of 4.36%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 earnings per share.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Landstar System from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Tuesday. Robert W. Baird reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Landstar System in a research note on Tuesday, January 9th. Susquehanna Bancshares raised Landstar System from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $109.00 to $124.00 in a research note on Monday, January 8th. BidaskClub lowered Landstar System from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Morgan Stanley upped their price objective on Landstar System from $68.00 to $73.00 and gave the stock an “underweight” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $101.33.

In related news, VP Michael K. Kneller sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $99.00, for a total transaction of $990,000.00. Following the completion of the transaction, the vice president now directly owns 22,153 shares of the company’s stock, valued at $2,193,147. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO L Kevin Stout sold 5,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $99.00, for a total value of $495,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,805 shares of company stock valued at $4,028,128. 1.00% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Legal & General Group Plc raised its position in Landstar System by 11.7% during the third quarter. Legal & General Group Plc now owns 52,200 shares of the transportation company’s stock valued at $5,202,000 after purchasing an additional 5,468 shares during the period. Southport Management L.L.C. purchased a new stake in Landstar System during the third quarter valued at approximately $498,000. Cubist Systematic Strategies LLC raised its position in Landstar System by 109.2% during the second quarter. Cubist Systematic Strategies LLC now owns 4,328 shares of the transportation company’s stock valued at $370,000 after purchasing an additional 2,259 shares during the period. Stifel Financial Corp raised its position in Landstar System by 3.3% during the third quarter. Stifel Financial Corp now owns 56,992 shares of the transportation company’s stock valued at $5,676,000 after purchasing an additional 1,833 shares during the period. Finally, Clinton Group Inc. purchased a new stake in Landstar System during the second quarter valued at approximately $787,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Landstar System (NASDAQ LSTR) opened at $110.60 on Friday. The firm has a market capitalization of $4,557.49, a PE ratio of 30.64, a PEG ratio of 1.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.96 and a quick ratio of 1.96. Landstar System has a one year low of $80.00 and a one year high of $110.65.

Landstar System declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 13th that permits the company to buyback 1,960,000 shares. This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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

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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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