Landstar System (NASDAQ:LSTR) Releases Quarterly Earnings Results, Beats Estimates By $0.38 EPS


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Landstar System (NASDAQ:LSTR) announced its quarterly earnings data on Wednesday. The transportation company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.38, MarketWatch Earnings reports. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.16 billion. Landstar System had a return on equity of 28.19% and a net margin of 4.62%. The company’s revenue was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Landstar System updated its Q2 guidance to $2.20-2.30 EPS.

Shares of NASDAQ LSTR traded up $0.47 during mid-day trading on Thursday, reaching $173.51. The company had a trading volume of 1,481 shares, compared to its average volume of 284,572. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 1.97 and a beta of 0.99. The stock has a fifty day moving average of $167.15 and a two-hundred day moving average of $145.88. Landstar System has a 12-month low of $94.12 and a 12-month high of $179.49.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 12th. Stockholders of record on Monday, February 15th were issued a $0.21 dividend. The ex-dividend date was Thursday, February 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.48%. Landstar System’s dividend payout ratio is 14.69%.

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group reissued a “sell” rating and issued a $140.00 price target (down from $143.00) on shares of Landstar System in a report on Tuesday, March 16th. Oppenheimer restated a “hold” rating on shares of Landstar System in a report on Sunday, January 31st. Robert W. Baird reaffirmed a “buy” rating on shares of Landstar System in a report on Sunday, February 21st. Truist Securities raised their price objective on Landstar System from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Cowen boosted their target price on Landstar System from $131.00 to $153.00 and gave the stock a “market perform” rating in a research report on Friday, January 29th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $246.13.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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 service providers.

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Earnings History for Landstar System (NASDAQ:LSTR)

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