Analysts Expect Landstar System, Inc. (NASDAQ:LSTR) to Announce $2.16 EPS


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Wall Street analysts expect Landstar System, Inc. (NASDAQ:LSTR) to report earnings per share (EPS) of $2.16 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Landstar System’s earnings. The lowest EPS estimate is $1.55 and the highest is $2.29. Landstar System reported earnings of $0.98 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 120.4%. The firm is expected to report its next earnings results on Wednesday, July 28th.

On average, analysts expect that Landstar System will report full year earnings of $7.98 per share for the current financial year, with EPS estimates ranging from $6.23 to $8.95. For the next fiscal year, analysts forecast that the company will post earnings of $7.90 per share, with EPS estimates ranging from $6.32 to $9.25. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Landstar System.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, April 20th. The transportation company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.38. Landstar System had a return on equity of 28.19% and a net margin of 4.62%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company earned $1.04 earnings per share. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year.

LSTR has been the topic of a number of recent research reports. Truist raised their price objective on Landstar System from $145.00 to $1,750.00 in a research report on Thursday, April 15th. Truist Securities increased their price target on Landstar System from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, April 21st. Robert W. Baird increased their price target on Landstar System from $176.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, April 23rd. Oppenheimer reiterated a “hold” rating on shares of Landstar System in a research note on Sunday, January 31st. Finally, Wolfe Research cut Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Friday, February 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $248.87.

LSTR stock traded up $2.92 during trading on Tuesday, reaching $178.59. 235,972 shares of the company traded hands, compared to its average volume of 292,741. Landstar System has a 12 month low of $101.14 and a 12 month high of $179.50. The business has a 50 day simple moving average of $169.20 and a 200 day simple moving average of $148.30. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 38.61, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 1.77.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Thursday, May 6th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, May 5th. Landstar System’s dividend payout ratio (DPR) is 14.69%.

A number of institutional investors and hedge funds have recently modified their holdings of LSTR. Wealth Alliance acquired a new stake in Landstar System in the third quarter valued at approximately $303,000. Strs Ohio grew its holdings in Landstar System by 41.8% in the third quarter. Strs Ohio now owns 31,900 shares of the transportation company’s stock valued at $4,003,000 after purchasing an additional 9,400 shares during the period. State of Alaska Department of Revenue grew its holdings in Landstar System by 17.6% in the fourth quarter. State of Alaska Department of Revenue now owns 7,694 shares of the transportation company’s stock valued at $1,035,000 after purchasing an additional 1,149 shares during the period. Curbstone Financial Management Corp acquired a new stake in Landstar System in the fourth quarter valued at approximately $438,000. Finally, Exchange Traded Concepts LLC grew its holdings in Landstar System by 4.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,073 shares of the transportation company’s stock valued at $414,000 after purchasing an additional 138 shares during the period. 98.82% of the stock is currently owned by institutional investors.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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, such as third party logistics and less-than-truckload service providers.

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