Landstar System (NASDAQ:LSTR) Releases Q2 Earnings Guidance

Landstar System (NASDAQ:LSTR) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.35-1.55 for the period, compared to the consensus estimate of $1.58. The company issued revenue guidance of $1.2-1.3 billion, compared to the consensus revenue estimate of $1.26 billion. Landstar System also updated its Q2 2024 guidance to 1.350-1.550 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LSTR. UBS Group boosted their price target on Landstar System from $175.00 to $200.00 and gave the company a neutral rating in a research note on Friday, February 2nd. Susquehanna lowered their price target on Landstar System from $165.00 to $160.00 and set a neutral rating on the stock in a research note on Friday. Benchmark restated a hold rating on shares of Landstar System in a research note on Friday. Stifel Nicolaus decreased their price objective on Landstar System from $171.00 to $166.00 and set a hold rating on the stock in a report on Friday, February 2nd. Finally, Wolfe Research raised Landstar System from a peer perform rating to an outperform rating and set a $205.00 price objective on the stock in a report on Wednesday, January 10th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $184.09.

Landstar System Stock Down 0.1 %

Shares of LSTR opened at $177.26 on Friday. The company has a market capitalization of $6.34 billion, a P/E ratio of 27.27, a PEG ratio of 4.67 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.00. Landstar System has a one year low of $161.13 and a one year high of $208.62. The business’s 50 day simple moving average is $184.33 and its 200-day simple moving average is $183.50.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.28 by $0.04. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.12 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. As a group, sell-side analysts predict that Landstar System will post 6.69 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, May 7th. Landstar System’s payout ratio is currently 20.31%.

Insider Transactions at Landstar System

In other news, VP Michael K. Kneller sold 12,219 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $190.30, for a total value of $2,325,275.70. Following the transaction, the vice president now directly owns 61,127 shares of the company’s stock, valued at approximately $11,632,468.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

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.