Analysts expect that Landstar System (NASDAQ:LSTR) will announce sales of $1.04 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Landstar System’s earnings. Landstar System reported sales of $780.91 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 33.2%. The company is scheduled to report its next earnings report after the market closes on Wednesday, April 25th.
According to Zacks, analysts expect that Landstar System will report full-year sales of $4.34 billion for the current fiscal year, with estimates ranging from $4.08 billion to $4.47 billion. For the next year, analysts anticipate that the firm will post sales of $4.55 billion per share, with estimates ranging from $4.19 billion to $4.87 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Landstar System.
Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, January 31st. The transportation company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Landstar System had a return on equity of 25.30% and a net margin of 4.86%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted $0.94 EPS. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year.
Several analysts have weighed in on the company. KeyCorp reiterated a “buy” rating and set a $125.00 price target on shares of Landstar System in a research note on Friday, February 2nd. Cowen reiterated a “market perform” rating and set a $115.00 price target (up previously from $97.00) on shares of Landstar System in a research note on Thursday, February 1st. Buckingham Research boosted their price target on Landstar System from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Cleveland Research upgraded Landstar System from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Finally, BidaskClub upgraded Landstar System from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $113.08.
Landstar System stock traded down $1.70 during trading hours on Tuesday, hitting $108.00. 384,473 shares of the stock traded hands, compared to its average volume of 306,004. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $4,690.53, a PE ratio of 29.00, a PEG ratio of 1.49 and a beta of 0.79. Landstar System has a 1 year low of $80.00 and a 1 year high of $118.60.
Several institutional investors and hedge funds have recently modified their holdings of LSTR. Carillon Tower Advisers Inc. purchased a new stake in shares of Landstar System in the fourth quarter worth about $60,792,000. Victory Capital Management Inc. boosted its stake in shares of Landstar System by 62.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,414,500 shares of the transportation company’s stock worth $147,249,000 after buying an additional 544,200 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Landstar System by 769.5% in the fourth quarter. First Trust Advisors LP now owns 320,846 shares of the transportation company’s stock worth $33,400,000 after buying an additional 283,946 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Landstar System by 64.5% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 246,964 shares of the transportation company’s stock worth $25,708,000 after buying an additional 96,840 shares during the last quarter. Finally, Anchor Bolt Capital LP purchased a new stake in shares of Landstar System in the fourth quarter worth about $8,852,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Landstar System (LSTR) Expected to Post Quarterly Sales of $1.04 Billion” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/04/20/landstar-system-lstr-expected-to-post-quarterly-sales-of-1-04-billion.html.
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.
Get a free copy of the Zacks research report on Landstar System (LSTR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Landstar System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System and related companies with MarketBeat.com's FREE daily email newsletter.