Landstar System (NASDAQ:LSTR) Posts Earnings Results, Misses Expectations By $0.04 EPS

Landstar System (NASDAQ:LSTR) issued its earnings results on Wednesday. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04), Zacks reports. Landstar System had a return on equity of 20.68% and a net margin of 4.32%.

Landstar System Stock Down 1.7 %

Shares of LSTR stock traded down $3.06 during mid-day trading on Wednesday, reaching $172.92. 280,295 shares of the company’s stock traded hands, compared to its average volume of 308,331. Landstar System has a 12 month low of $164.04 and a 12 month high of $197.16. The company has a market cap of $6.11 billion, a P/E ratio of 29.66 and a beta of 0.83. The company’s 50-day moving average price is $177.80 and its 200-day moving average price is $182.33. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04.

Landstar System Increases Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, January 7th. This is a positive change from Landstar System’s previous special dividend of $1.50. Landstar System’s dividend payout ratio (DPR) is currently 24.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LSTR shares. 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 report on Wednesday, October 30th. Stifel Nicolaus raised their target price on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group cut their price objective on Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Finally, TD Cowen decreased their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $172.27.

Insider Buying and Selling

In other Landstar System news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total transaction of $184,320.00. Following the completion of the transaction, the chief financial officer now owns 14,083 shares in the company, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by 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.