Landstar System (LSTR) Expected to Announce Earnings on Wednesday

Landstar System (NASDAQ:LSTR) is projected to release its earnings data after the market closes on Wednesday, January 29th. Analysts expect Landstar System to post earnings of $1.35 per share and revenue of $1,199,826.16 billion for the quarter. Landstar System has set its Q4 guidance at $1.25-1.45 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $1.71 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. 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 LSTR opened at $177.49 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. Landstar System has a fifty-two week low of $164.04 and a fifty-two week high of $200.43. The firm has a 50-day simple moving average of $178.94 and a 200-day simple moving average of $182.39. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 30.44 and a beta of 0.83.

Landstar System Increases Dividend

The company also recently announced a special dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were issued a $2.00 dividend. This is an increase from Landstar System’s previous special dividend of $1.50. The ex-dividend date of this dividend was Tuesday, January 7th. Landstar System’s payout ratio is presently 24.70%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Susquehanna cut their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. TD Cowen dropped their target price on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Evercore ISI decreased their price target on Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Raymond James downgraded Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. boosted their target price on Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Landstar System presently has an average rating of “Hold” and a consensus price target of $171.45.

Insider Buying and Selling

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total transaction of $184,320.00. Following the transaction, the chief financial officer now owns 14,083 shares in the company, valued at $2,595,778.56. The trade was a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

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.