Landstar System (NASDAQ:LSTR) will be announcing its earnings results after the market closes on Wednesday, October 24th. Analysts expect the company to announce earnings of $1.60 per share for the quarter. Landstar System has set its Q3 guidance at $1.58-1.64 EPS.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Landstar System had a return on equity of 31.06% and a net margin of 5.38%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 EPS. On average, analysts expect Landstar System to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of LSTR stock opened at $103.60 on Tuesday. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 1.25 and a beta of 0.87. Landstar System has a 1 year low of $94.80 and a 1 year high of $128.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 1.82.
In related news, COO Joseph J. Beacom sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $119.52, for a total transaction of $358,560.00. Following the transaction, the chief operating officer now owns 33,702 shares of the company’s stock, valued at $4,028,063.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.90% of the company’s stock.
Several equities analysts have issued reports on LSTR shares. Wells Fargo & Co raised Landstar System from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $115.65 to $98.00 in a report on Wednesday, August 22nd. Stifel Nicolaus raised Landstar System from a “hold” rating to a “buy” rating and raised their price objective for the stock from $123.00 to $128.00 in a report on Monday, July 30th. KeyCorp reaffirmed a “buy” rating and set a $130.00 price objective (up previously from $125.00) on shares of Landstar System in a report on Thursday, July 26th. BidaskClub lowered Landstar System from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. Finally, Buckingham Research dropped their price objective on Landstar System from $127.00 to $121.00 and set a “neutral” rating on the stock in a report on Friday, October 12th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $118.42.
About Landstar System
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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