Analysts Anticipate Landstar System, Inc. (NASDAQ:LSTR) to Post $3.25 EPS

Equities analysts expect Landstar System, Inc. (NASDAQ:LSTR – Get Rating) to post $3.25 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Landstar System’s earnings, with estimates ranging from $3.23 to $3.27. Landstar System reported earnings per share of $2.40 in the same quarter last year, which would suggest a positive year over year growth rate of 35.4%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Landstar System will report full year earnings of $11.43 per share for the current financial year, with EPS estimates ranging from $9.87 to $12.10. For the next year, analysts anticipate that the firm will report earnings of $9.47 per share, with EPS estimates ranging from $8.38 to $9.90. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Landstar System.

Landstar System (NASDAQ:LSTR – Get Rating) last announced its quarterly earnings data on Wednesday, April 20th. The transportation company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.60. Landstar System had a return on equity of 49.78% and a net margin of 5.94%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the company posted $2.01 earnings per share. The business’s revenue for the quarter was up 53.1% on a year-over-year basis.

A number of equities analysts have recently commented on LSTR shares. The Goldman Sachs Group lowered their price objective on Landstar System from $167.00 to $155.00 in a research report on Thursday, January 27th. Wolfe Research raised Landstar System from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, April 5th. They noted that the move was a valuation call. StockNews.com upgraded Landstar System from a “hold” rating to a “buy” rating in a research note on Friday, April 22nd. Zacks Investment Research cut Landstar System from a “buy” rating to a “hold” rating and set a $164.00 target price for the company. in a research note on Monday, May 2nd. Finally, Wells Fargo & Company boosted their target price on Landstar System from $152.00 to $165.00 in a research note on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $165.83.

In other news, Director Dr. Homaira Akbari acquired 2,000 shares of Landstar System stock in a transaction on Thursday, February 24th. The stock was bought at an average price of $151.30 per share, for a total transaction of $302,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Lee Financial Co acquired a new position in shares of Landstar System in the fourth quarter valued at approximately $25,000. McIlrath & Eck LLC increased its holdings in shares of Landstar System by 75.0% in the third quarter. McIlrath & Eck LLC now owns 168 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 72 shares during the period. UMB Bank N A MO grew its holdings in Landstar System by 821.1% during the first quarter. UMB Bank N A MO now owns 175 shares of the transportation company’s stock worth $27,000 after acquiring an additional 156 shares during the period. Manchester Capital Management LLC grew its holdings in Landstar System by 4,400.0% during the third quarter. Manchester Capital Management LLC now owns 180 shares of the transportation company’s stock worth $28,000 after acquiring an additional 176 shares during the period. Finally, CENTRAL TRUST Co grew its holdings in Landstar System by 85.5% during the fourth quarter. CENTRAL TRUST Co now owns 204 shares of the transportation company’s stock worth $37,000 after acquiring an additional 94 shares during the period. 98.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Landstar System stock traded down $1.64 on Friday, reaching $155.05. 351,229 shares of the company were exchanged, compared to its average volume of 404,336. Landstar System has a 1-year low of $139.12 and a 1-year high of $188.63. The company has a market cap of $5.76 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 1.17 and a beta of 0.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.62 and a quick ratio of 1.51. The stock’s 50 day moving average price is $152.22 and its 200-day moving average price is $162.99.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Thursday, May 5th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, May 4th. Landstar System’s dividend payout ratio is currently 8.84%.

About Landstar System (Get Rating)

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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, small package and less-than-truckload service providers.

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