Landstar System (LSTR) to Release Earnings on Tuesday

Landstar System (NASDAQ:LSTR) is set to post its quarterly earnings results after the market closes on Tuesday, July 30th. Analysts expect Landstar System to post earnings of $1.47 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Landstar System Price Performance

Shares of NASDAQ LSTR opened at $192.04 on Monday. The business has a 50 day simple moving average of $181.94 and a 200-day simple moving average of $184.91. Landstar System has a twelve month low of $161.13 and a twelve month high of $203.94. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 29.54 and a beta of 0.80. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wolfe Research downgraded shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Evercore ISI upped their price objective on Landstar System from $161.00 to $173.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Raymond James began coverage on shares of Landstar System in a report on Wednesday, May 15th. They set an “outperform” rating and a $205.00 price target for the company. Stifel Nicolaus cut their price objective on shares of Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Finally, Susquehanna dropped their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $180.80.

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.