Landstar System (LSTR) Set to Announce Earnings on Tuesday

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

Landstar System Price Performance

LSTR opened at $192.04 on Monday. Landstar System has a fifty-two week low of $161.13 and a fifty-two week high of $203.94. The firm has a 50-day moving average of $181.94 and a 200 day moving average of $184.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.22 and a current ratio of 2.22. The firm has a market cap of $6.87 billion, a P/E ratio of 29.54 and a beta of 0.80.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Raymond James assumed coverage on Landstar System in a research note on Wednesday, May 15th. They issued an “outperform” rating and a $205.00 price objective on the stock. Susquehanna dropped their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Benchmark reiterated a “hold” rating on shares of Landstar System in a research report on Friday, April 26th. Stifel Nicolaus dropped their price objective on Landstar System from $166.00 to $164.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Finally, Wolfe Research cut Landstar System from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Landstar System has a consensus rating of “Hold” and a consensus price target 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.