Landstar System (NASDAQ:LSTR) Issues Q2 Earnings Guidance

Landstar System (NASDAQ:LSTR) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.35-1.55 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

A number of brokerages have issued reports on LSTR. Stifel Nicolaus decreased their price target on Landstar System from $171.00 to $166.00 and set a hold rating for the company in a report on Friday, February 2nd. Benchmark reissued a hold rating on shares of Landstar System in a report on Friday. UBS Group boosted their price objective on Landstar System from $175.00 to $200.00 and gave the company a neutral rating in a research report on Friday, February 2nd. Susquehanna cut their price target on shares of Landstar System from $165.00 to $160.00 and set a neutral rating for the company in a report on Friday. Finally, Wells Fargo & Company increased their price objective on shares of Landstar System from $165.00 to $180.00 and gave the company an equal weight rating in a report on Friday, February 2nd. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $184.09.

Landstar System Stock Down 0.1 %

LSTR traded down $0.17 during trading hours on Friday, hitting $177.26. 307,488 shares of the company’s stock were exchanged, compared to its average volume of 276,355. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. Landstar System has a 12-month low of $161.13 and a 12-month high of $208.62. The firm has a market cap of $6.34 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 4.51 and a beta of 0.83. The firm has a 50 day moving average of $184.66 and a 200 day moving average of $183.48.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. Landstar System had a return on equity of 23.17% and a net margin of 4.63%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. Analysts predict that Landstar System will post 6.71 EPS for the current fiscal year.

Landstar System Dividend Announcement

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

Insider Buying and Selling

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

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.