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

Landstar System (NASDAQ:LSTRGet Free Report) 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.

Read Our Latest Report on LSTR

Landstar System Company Profile

(Get Free Report)

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.

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Earnings History for Landstar System (NASDAQ:LSTR)

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