Wall Street analysts expect that Landstar System, Inc. (NASDAQ:LSTR) will post sales of $995.14 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Landstar System’s earnings, with the highest sales estimate coming in at $1.00 billion and the lowest estimate coming in at $989.00 million. Landstar System posted sales of $1.18 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 15.7%. The company is expected to issue its next earnings report after the market closes on Wednesday, January 29th.
According to Zacks, analysts expect that Landstar System will report full-year sales of $4.10 billion for the current fiscal year, with estimates ranging from $4.08 billion to $4.17 billion. For the next year, analysts anticipate that the business will post sales of $4.09 billion, with estimates ranging from $3.98 billion to $4.28 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Landstar System.
Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.09). Landstar System had a net margin of 5.76% and a return on equity of 33.90%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business posted $1.63 earnings per share. The company’s revenue for the quarter was down 15.8% compared to the same quarter last year.
LSTR has been the subject of several research reports. Credit Suisse Group set a $103.00 price objective on Landstar System and gave the stock a “hold” rating in a research note on Sunday, September 15th. Stephens set a $129.00 target price on Landstar System and gave the stock a “buy” rating in a research report on Friday, October 25th. Cowen reiterated a “hold” rating and set a $118.00 price objective on shares of Landstar System in a report on Wednesday. BidaskClub upgraded Landstar System from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Buckingham Research cut their target price on Landstar System from $115.00 to $113.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $111.17.
In other Landstar System news, Director Diana M. Murphy sold 7,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $117.96, for a total transaction of $825,720.00. Following the completion of the sale, the director now owns 31,969 shares in the company, valued at approximately $3,771,063.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joseph J. Beacom sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.23, for a total transaction of $586,150.00. Following the sale, the chief operating officer now owns 40,924 shares of the company’s stock, valued at approximately $4,797,520.52. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Several institutional investors have recently modified their holdings of LSTR. Vanguard Group Inc. grew its holdings in shares of Landstar System by 9.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,134,514 shares of the transportation company’s stock valued at $446,485,000 after buying an additional 358,887 shares during the period. Victory Capital Management Inc. boosted its stake in Landstar System by 10.2% in the 2nd quarter. Victory Capital Management Inc. now owns 2,292,725 shares of the transportation company’s stock worth $247,592,000 after purchasing an additional 212,025 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in Landstar System by 2.2% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 900,514 shares of the transportation company’s stock worth $101,380,000 after purchasing an additional 19,318 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Landstar System by 0.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 878,930 shares of the transportation company’s stock worth $94,916,000 after purchasing an additional 4,737 shares during the period. Finally, Schroder Investment Management Group boosted its stake in Landstar System by 30.6% in the 2nd quarter. Schroder Investment Management Group now owns 878,100 shares of the transportation company’s stock worth $94,826,000 after purchasing an additional 205,900 shares during the period.
LSTR stock opened at $111.59 on Wednesday. Landstar System has a twelve month low of $90.23 and a twelve month high of $120.23. The company has a market cap of $4.43 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.59 and a beta of 1.26. The business’s 50-day simple moving average is $113.43 and its 200 day simple moving average is $109.75. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.08.
The company also recently announced a None dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $2.00 dividend. The ex-dividend date is Thursday, January 9th. Landstar System’s dividend payout ratio (DPR) is currently 11.97%.
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 service providers.
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