Landstar System (NASDAQ:LSTR) Issues Q4 Earnings Guidance

Landstar System (NASDAQ:LSTR) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.25-1.45 for the period, compared to the consensus estimate of $1.57. The company issued revenue guidance of $1.15-1.25 billion, compared to the consensus revenue estimate of $1.24 billion.

Landstar System Price Performance

Shares of LSTR traded up $1.95 during mid-day trading on Friday, reaching $177.72. The company had a trading volume of 108,828 shares, compared to its average volume of 259,487. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 30.24 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.17 and a current ratio of 2.21. The company’s 50 day simple moving average is $183.19 and its 200 day simple moving average is $182.36. Landstar System has a 1-year low of $165.39 and a 1-year high of $201.40.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.05). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 EPS. Analysts expect that Landstar System will post 5.77 EPS for the current year.

Landstar System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a yield of 0.81%. Landstar System’s dividend payout ratio is currently 24.70%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Cowen cut their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Landstar System from $184.00 to $188.00 and gave the stock a “neutral” rating in a research report on Wednesday. Stephens decreased their price target on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday. Raymond James dropped their price target on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Finally, Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $174.25.

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.