Landstar System (NASDAQ:LSTR) Releases Q4 Earnings Guidance

Landstar System (NASDAQ:LSTR) issued an update on its fourth quarter earnings guidance on Tuesday morning. 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.

Wall Street Analyst Weigh In

LSTR has been the topic of a number of recent research reports. Stifel Nicolaus dropped their target price on Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. TD Cowen lowered their price objective on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a report on Wednesday. Raymond James cut their price objective on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Morgan Stanley decreased their target price on shares of Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Finally, Evercore ISI cut their price target on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $174.25.

Landstar System Stock Performance

Shares of NASDAQ LSTR traded up $1.95 during midday trading on Friday, hitting $177.72. 108,828 shares of the company’s stock were exchanged, compared to its average volume of 259,487. The company has a quick ratio of 2.17, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6.30 billion, a PE ratio of 30.24 and a beta of 0.80. Landstar System has a 12 month low of $165.39 and a 12 month high of $201.40. The company’s 50 day moving average price is $183.19 and its 200 day moving average price is $182.36.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.05). Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm earned $1.71 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, analysts predict that Landstar System will post 5.77 earnings per share for the current fiscal year.

Landstar System Announces Dividend

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