Landstar System (LSTR) Scheduled to Post Earnings on Wednesday

Landstar System (NASDAQ:LSTR) will post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Landstar System to post earnings of $1.34 per share for the quarter. Landstar System has set its Q1 guidance at $1.25-1.35 EPS and its Q1 2024 guidance at 1.250-1.350 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.01). The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Landstar System had a net margin of 4.99% and a return on equity of 26.73%. On average, analysts expect Landstar System to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Landstar System Trading Down 1.2 %

LSTR opened at $174.13 on Wednesday. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 4.72 and a beta of 0.83. The stock’s 50 day moving average price is $188.10 and its 200-day moving average price is $183.82. Landstar System has a one year low of $161.13 and a one year high of $208.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.00.

Landstar System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 12th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.32 annualized dividend and a dividend yield of 0.76%. Landstar System’s dividend payout ratio is presently 17.96%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LSTR. Stifel Nicolaus reduced their target price on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a research note on Friday, February 2nd. UBS Group increased their price target on Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Susquehanna cut their price target on Landstar System from $170.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Wolfe Research raised Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price target on the stock in a research report on Wednesday, January 10th. Finally, Wells Fargo & Company increased their price target on Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $184.55.

Insider Activity

In other news, VP Michael K. Kneller sold 12,219 shares of Landstar System stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the sale, the vice president now owns 61,127 shares of the company’s stock, valued at approximately $11,632,468.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Landstar System

Several institutional investors have recently modified their holdings of LSTR. Savant Capital LLC grew its stake in shares of Landstar System by 3.6% during the fourth quarter. Savant Capital LLC now owns 1,858 shares of the transportation company’s stock worth $303,000 after purchasing an additional 64 shares in the last quarter. Studio Investment Management LLC grew its stake in shares of Landstar System by 2.9% during the fourth quarter. Studio Investment Management LLC now owns 2,473 shares of the transportation company’s stock worth $403,000 after purchasing an additional 70 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Landstar System by 3.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,386 shares of the transportation company’s stock worth $389,000 after purchasing an additional 76 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Landstar System by 5.3% during the fourth quarter. Kestra Advisory Services LLC now owns 1,664 shares of the transportation company’s stock worth $322,000 after purchasing an additional 84 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Landstar System by 3.3% during the fourth quarter. Advisors Asset Management Inc. now owns 2,634 shares of the transportation company’s stock worth $429,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.

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.