Zacks Research Predicts Weaker Earnings for Landstar System

Landstar System, Inc. (NASDAQ:LSTR) – Investment analysts at Zacks Research dropped their FY2024 earnings per share estimates for Landstar System in a report released on Tuesday, November 12th. Zacks Research analyst S. Goswami now expects that the transportation company will post earnings of $5.58 per share for the year, down from their previous forecast of $5.92. The consensus estimate for Landstar System’s current full-year earnings is $5.61 per share. Zacks Research also issued estimates for Landstar System’s Q4 2024 earnings at $1.37 EPS, Q1 2025 earnings at $1.40 EPS, Q2 2025 earnings at $1.67 EPS, Q3 2025 earnings at $1.81 EPS, FY2025 earnings at $6.87 EPS, Q1 2026 earnings at $1.63 EPS and FY2026 earnings at $7.91 EPS.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 EPS.

A number of other analysts have also recently weighed in on LSTR. Stephens reduced their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. UBS Group raised their price objective on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Raymond James dropped their target price on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, Stifel Nicolaus cut their price target on Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $174.25.

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $189.80 on Thursday. Landstar System has a twelve month low of $165.39 and a twelve month high of $201.40. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $183.78 and a two-hundred day moving average of $183.31. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 32.56 and a beta of 0.81.

Institutional Investors Weigh In On Landstar System

Hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. lifted its stake in Landstar System by 2.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock valued at $387,000 after purchasing an additional 57 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Landstar System by 17.9% during the first quarter. Sei Investments Co. now owns 72,248 shares of the transportation company’s stock valued at $13,926,000 after buying an additional 10,978 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of Landstar System by 9.0% in the first quarter. Bleakley Financial Group LLC now owns 4,484 shares of the transportation company’s stock worth $864,000 after purchasing an additional 370 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Landstar System by 3.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 43,753 shares of the transportation company’s stock valued at $7,843,000 after buying an additional 1,318 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Landstar System by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock valued at $670,812,000 after purchasing an additional 25,387 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Landstar System

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the sale, the chief financial officer now directly owns 14,083 shares in the company, valued at approximately $2,595,778.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Tuesday, November 19th. Landstar System’s dividend payout ratio (DPR) is currently 24.70%.

About Landstar System

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.