Zacks: Analysts Anticipate Landstar System, Inc. (LSTR) Will Announce Quarterly Sales of $959.55 Million

Equities research analysts predict that Landstar System, Inc. (NASDAQ:LSTR) will post sales of $959.55 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Landstar System’s earnings. The highest sales estimate is $965.00 million and the lowest is $954.10 million. Landstar System reported sales of $780.91 million in the same quarter last year, which indicates a positive year-over-year growth rate of 22.9%. The company is expected to announce its next earnings results on Wednesday, April 25th.

According to Zacks, analysts expect that Landstar System will report full-year sales of $959.55 million for the current year, with estimates ranging from $3.83 billion to $4.23 billion. For the next financial year, analysts forecast that the business will post sales of $4.19 billion per share, with estimates ranging from $4.00 billion to $4.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Landstar System.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, January 31st. The transportation company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. Landstar System had a net margin of 4.86% and a return on equity of 25.30%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $0.94 EPS. The company’s revenue was up 17.8% on a year-over-year basis.

Several analysts have issued reports on the stock. Robert W. Baird reissued a “hold” rating and set a $105.00 target price on shares of Landstar System in a research note on Tuesday, January 9th. Buckingham Research assumed coverage on shares of Landstar System in a research note on Friday, October 20th. They set a “neutral” rating and a $103.00 target price on the stock. Cowen reissued a “hold” rating and set a $97.00 target price on shares of Landstar System in a research note on Friday, October 27th. Zacks Investment Research raised shares of Landstar System from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research note on Tuesday, January 16th. Finally, KeyCorp reissued a “buy” rating and set a $125.00 target price on shares of Landstar System in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Landstar System has an average rating of “Hold” and a consensus target price of $105.75.

Shares of Landstar System (NASDAQ LSTR) opened at $111.35 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.96 and a current ratio of 1.75. Landstar System has a one year low of $80.00 and a one year high of $118.60. The stock has a market cap of $4,658.20, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.72 and a beta of 0.81.

Landstar System declared that its board has approved a stock repurchase plan on Wednesday, December 13th that authorizes the company to buyback 1,960,000 outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, February 19th will be issued a dividend of $0.15 per share. This is a boost from Landstar System’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Thursday, February 15th. Landstar System’s payout ratio is currently 9.50%.

In other news, Director Dr. Homaira Akbari sold 1,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $98.30, for a total transaction of $98,300.00. Following the transaction, the director now directly owns 6,656 shares in the company, valued at approximately $654,284.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. grew its holdings in shares of Landstar System by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 29,846 shares of the transportation company’s stock valued at $2,554,000 after acquiring an additional 231 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Landstar System by 22.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the transportation company’s stock worth $171,000 after purchasing an additional 373 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Landstar System by 11.7% in the third quarter. Pacer Advisors Inc. now owns 5,000 shares of the transportation company’s stock worth $498,000 after purchasing an additional 525 shares in the last quarter. TrimTabs Asset Management LLC boosted its holdings in Landstar System by 17.1% in the third quarter. TrimTabs Asset Management LLC now owns 3,794 shares of the transportation company’s stock worth $378,000 after purchasing an additional 555 shares in the last quarter. Finally, Aperio Group LLC boosted its holdings in Landstar System by 1.5% in the fourth quarter. Aperio Group LLC now owns 36,905 shares of the transportation company’s stock worth $3,842,000 after purchasing an additional 562 shares in the last quarter. Institutional investors and hedge funds own 98.06% 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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