Brokerages expect Landstar System, Inc. (NASDAQ:LSTR) to report $960.58 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Landstar System’s earnings. The highest sales estimate is $973.79 million and the lowest is $950.00 million. Landstar System posted sales of $780.91 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 23%. The company is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Landstar System will report full-year sales of $960.58 million for the current fiscal year, with estimates ranging from $3.89 billion to $4.23 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.34 billion per share, with estimates ranging from $4.13 billion to $4.52 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 quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Landstar System had a return on equity of 25.30% and a net margin of 4.86%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the business posted $0.94 EPS. Landstar System’s revenue for the quarter was up 17.8% on a year-over-year basis.
A number of large investors have recently made changes to their positions in LSTR. Crossmark Global Holdings Inc. bought a new position in Landstar System during the 3rd quarter worth $513,000. State of Tennessee Treasury Department raised its position in shares of Landstar System by 157.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 51,500 shares of the transportation company’s stock worth $5,132,000 after acquiring an additional 31,500 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Landstar System by 8.6% in the 3rd quarter. Prudential Financial Inc. now owns 335,754 shares of the transportation company’s stock worth $33,458,000 after acquiring an additional 26,570 shares in the last quarter. Swiss National Bank raised its position in shares of Landstar System by 1.2% in the 3rd quarter. Swiss National Bank now owns 70,100 shares of the transportation company’s stock worth $6,985,000 after acquiring an additional 800 shares in the last quarter. Finally, FDx Advisors Inc. raised its position in shares of Landstar System by 7.7% in the 3rd quarter. FDx Advisors Inc. now owns 12,336 shares of the transportation company’s stock worth $1,229,000 after acquiring an additional 879 shares in the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.
Shares of Landstar System (NASDAQ LSTR) opened at $111.70 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. Landstar System has a twelve month low of $80.00 and a twelve month high of $118.60. The firm has a market capitalization of $4,688.34, a price-to-earnings ratio of 26.53, a P/E/G ratio of 1.61 and a beta of 0.80.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Monday, February 19th will be given a dividend of $0.15 per share. This is a positive change from Landstar System’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 0.54%. The ex-dividend date is Thursday, February 15th. Landstar System’s dividend payout ratio (DPR) is currently 14.25%.
Landstar System declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 13th that authorizes the company to buyback 1,960,000 shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
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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