Landstar System (NASDAQ:LSTR) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Landstar System (NASDAQ:LSTR) issued its quarterly earnings results on Tuesday. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.05), Briefing.com reports. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Landstar System had a return on equity of 21.69% and a net margin of 4.49%. Landstar System’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.71 EPS. Landstar System updated its Q4 guidance to $1.25-1.45 EPS.

Landstar System Stock Performance

Shares of NASDAQ:LSTR traded down $3.49 during trading on Wednesday, reaching $177.08. 146,240 shares of the company’s stock traded hands, compared to its average volume of 258,528. The stock has a market capitalization of $6.33 billion, a P/E ratio of 27.30 and a beta of 0.80. The company has a 50 day moving average of $183.61 and a 200-day moving average of $182.44. Landstar System has a 12 month low of $163.37 and a 12 month high of $201.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LSTR shares. UBS Group upped their price target on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. Evercore ISI lowered their target price on Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research note on Wednesday. Stifel Nicolaus dropped their target price on Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Finally, Wolfe Research downgraded Landstar System from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Landstar System currently has an average rating of “Hold” and an average price target of $174.18.

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.