Landstar System, Inc. (NASDAQ:LSTR – Get Rating) – Equities researchers at KeyCorp issued their FY2024 earnings per share estimates for Landstar System in a research note issued to investors on Tuesday, January 10th. KeyCorp analyst T. Fowler anticipates that the transportation company will post earnings per share of $9.50 for the year. The consensus estimate for Landstar System’s current full-year earnings is $11.77 per share.
Landstar System (NASDAQ:LSTR – Get Rating) last posted its earnings results on Wednesday, October 19th. The transportation company reported $2.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.76. Landstar System had a return on equity of 52.31% and a net margin of 5.85%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm earned $2.58 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year.
Landstar System Price Performance
LSTR opened at $171.07 on Thursday. The business’s 50-day moving average is $167.74 and its two-hundred day moving average is $155.35. Landstar System has a 1 year low of $137.15 and a 1 year high of $178.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $6.15 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 1.56 and a beta of 0.91.
Landstar System Dividend Announcement
The company also recently announced a None dividend, which will be paid on Friday, January 20th. Investors of record on Friday, January 6th will be issued a dividend of $2.00 per share. The ex-dividend date is Thursday, January 5th. Landstar System’s dividend payout ratio (DPR) is 9.88%.
Insider Buying and Selling
In related news, CEO James B. Gattoni sold 20,000 shares of Landstar System stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $155.86, for a total transaction of $3,117,200.00. Following the completion of the sale, the chief executive officer now owns 74,792 shares of the company’s stock, valued at $11,657,081.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Bridgewater Associates LP purchased a new stake in shares of Landstar System in the second quarter valued at approximately $739,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Landstar System by 17.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 26,495 shares of the transportation company’s stock valued at $3,822,000 after purchasing an additional 4,013 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in shares of Landstar System by 3.2% in the 2nd quarter. Aptus Capital Advisors LLC now owns 24,472 shares of the transportation company’s stock valued at $3,558,000 after purchasing an additional 753 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Landstar System by 229.1% in the 3rd quarter. Raymond James & Associates now owns 148,591 shares of the transportation company’s stock valued at $21,452,000 after purchasing an additional 103,440 shares during the last quarter. Finally, Morris Capital Advisors LLC lifted its stake in shares of Landstar System by 1.8% in the 2nd quarter. Morris Capital Advisors LLC now owns 17,957 shares of the transportation company’s stock valued at $2,611,000 after purchasing an additional 310 shares during the last quarter. 98.90% of the stock is owned by institutional investors and hedge funds.
Landstar System Company Profile
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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