Landstar System (NASDAQ:LSTR) Issues Q4 Earnings Guidance

Landstar System (NASDAQ:LSTR) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.25-1.45 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LSTR shares. Morgan Stanley reduced their price target on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. JPMorgan Chase & Co. boosted their target price on Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a report on Wednesday. Wolfe Research downgraded Landstar System from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. TD Cowen decreased their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday. Finally, UBS Group lifted their target price on shares of Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $174.25.

Landstar System Price Performance

LSTR stock traded up $2.18 on Friday, reaching $177.95. The company had a trading volume of 129,282 shares, compared to its average volume of 259,583. The company’s fifty day moving average is $183.19 and its 200 day moving average is $182.36. The company has a market cap of $6.31 billion, a P/E ratio of 30.24 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.17 and a current ratio of 2.21. Landstar System has a 1 year low of $165.39 and a 1 year high of $201.40.

Landstar System (NASDAQ:LSTR) last released its earnings results on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.05). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The firm’s revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 earnings per share. On average, research analysts forecast that Landstar System will post 5.77 earnings per share for the current year.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued 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 24.70%.

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.