Landstar System (NASDAQ:LSTR) Releases Q4 Earnings Guidance

Landstar System (NASDAQ:LSTR) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.25-1.45 for the period, compared to the consensus estimate of $1.57. The company issued revenue guidance of $1.15-1.25 billion, compared to the consensus revenue estimate of $1.24 billion.

Analysts Set New Price Targets

A number of research analysts recently commented on LSTR shares. Susquehanna increased their target price 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. The Goldman Sachs Group reduced their target price on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Wolfe Research cut shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Raymond James reduced their price objective on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus dropped their target price on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $174.67.

Landstar System Stock Down 1.9 %

Shares of LSTR traded down $3.50 during trading hours on Wednesday, reaching $177.07. The company’s stock had a trading volume of 545,198 shares, compared to its average volume of 260,428. The company has a 50 day moving average of $183.61 and a two-hundred day moving average of $182.44. Landstar System has a 1-year low of $163.37 and a 1-year high of $201.40. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 26.93 and a beta of 0.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.05). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 earnings per share. As a group, research analysts predict that Landstar System will post 5.84 EPS for the current fiscal year.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a yield of 0.81%. Landstar System’s payout ratio is 22.15%.

Landstar System Company Profile

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.