Wall Street brokerages forecast that Landstar System, Inc. (NASDAQ:LSTR) will report $1.58 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Landstar System’s earnings. The highest EPS estimate is $1.60 and the lowest is $1.54. Landstar System reported earnings of $1.08 per share during the same quarter last year, which would indicate a positive year over year growth rate of 46.3%. The business is expected to announce its next quarterly earnings report on Wednesday, January 30th.
On average, analysts expect that Landstar System will report full-year earnings of $6.08 per share for the current year, with EPS estimates ranging from $6.03 to $6.11. For the next financial year, analysts expect that the company will report earnings of $6.56 per share, with EPS estimates ranging from $6.35 to $7.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Landstar System.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.03. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Landstar System had a net margin of 5.61% and a return on equity of 33.82%.
LSTR has been the topic of a number of recent analyst reports. Goldman Sachs Group downgraded shares of Landstar System from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $143.00 to $123.00 in a report on Thursday, November 8th. KeyCorp decreased their price target on shares of Landstar System from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, October 26th. Morgan Stanley set a $96.00 price target on shares of Landstar System and gave the stock a “sell” rating in a research note on Monday, October 22nd. Cleveland Research initiated coverage on shares of Landstar System in a research note on Friday, October 19th. They issued a “neutral” rating for the company. Finally, Buckingham Research decreased their price target on shares of Landstar System from $127.00 to $121.00 and set a “neutral” rating for the company in a research note on Friday, October 12th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $117.00.
Shares of NASDAQ:LSTR traded down $3.52 during midday trading on Friday, reaching $97.78. The company’s stock had a trading volume of 306,855 shares, compared to its average volume of 296,560. The firm has a market capitalization of $4.16 billion, a P/E ratio of 26.07, a PEG ratio of 1.23 and a beta of 1.13. Landstar System has a twelve month low of $96.91 and a twelve month high of $128.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.94 and a quick ratio of 1.94.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Tuesday, November 13th were given a dividend of $0.165 per share. The ex-dividend date was Friday, November 9th. This represents a $0.66 annualized dividend and a dividend yield of 0.67%. Landstar System’s dividend payout ratio is presently 17.60%.
Several large investors have recently modified their holdings of LSTR. Synovus Financial Corp raised its position in Landstar System by 115.5% in the 3rd quarter. Synovus Financial Corp now owns 1,110 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 595 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Landstar System by 205.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,471 shares of the transportation company’s stock valued at $179,000 after purchasing an additional 990 shares during the last quarter. Culbertson A N & Co. Inc. acquired a new position in Landstar System in the 3rd quarter valued at $207,000. NumerixS Investment Technologies Inc increased its stake in Landstar System by 216.7% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the transportation company’s stock valued at $209,000 after buying an additional 1,300 shares during the period. Finally, United Capital Management of KS Inc. acquired a new position in Landstar System in the 3rd quarter valued at $221,000. Institutional investors and hedge funds own 99.89% of the company’s stock.
Landstar System Company Profile
Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments, Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, including third party logistics and less-than-truckload service providers.
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