Landstar System (LSTR) Scheduled to Post Quarterly Earnings on Tuesday

Landstar System (NASDAQ:LSTR) is set to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Landstar System to post earnings of $1.49 per share for the quarter. Landstar System has set its Q3 2024 guidance at 1.350-1.550 EPS and its Q3 guidance at $1.35-1.55 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The firm’s revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 EPS. On average, analysts expect Landstar System to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $183.73 on Tuesday. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 28.27 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a 50 day simple moving average of $184.38 and a 200 day simple moving average of $182.55. Landstar System has a one year low of $161.13 and a one year high of $201.40.

Landstar System Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a $0.36 dividend. This is an increase from Landstar System’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.44 annualized dividend and a yield of 0.78%. Landstar System’s dividend payout ratio is presently 22.15%.

Analyst Upgrades and Downgrades

LSTR has been the subject of several recent research reports. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. Wolfe Research cut shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Evercore ISI decreased their price target on shares of Landstar System from $167.00 to $165.00 and set an “in-line” rating for the company in a research report on Thursday, October 3rd. Susquehanna upped their price target on shares of Landstar System from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group decreased their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $177.25.

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, such as third party logistics and less-than-truckload services.