Analysts expect that Landstar System, Inc. (NASDAQ:LSTR) will report earnings of $1.58 per share for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Landstar System’s earnings, with the lowest EPS estimate coming in at $1.54 and the highest estimate coming in at $1.60. Landstar System posted earnings per share of $1.08 in the same quarter last year, which suggests a positive year over year growth rate of 46.3%. The firm is scheduled to report its next earnings results on Wednesday, January 30th.

On average, analysts expect that Landstar System will report full year earnings of $6.08 per share for the current year, with EPS estimates ranging from $6.03 to $6.11. For the next fiscal year, analysts expect that the firm will post earnings of $6.56 per share, with EPS estimates ranging from $6.35 to $7.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Landstar System.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. Landstar System had a net margin of 5.61% and a return on equity of 33.82%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion.

A number of equities research analysts recently weighed in on LSTR shares. BidaskClub upgraded shares of Landstar System from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. Wells Fargo & Co upgraded shares of Landstar System from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $115.65 to $98.00 in a research note on Wednesday, August 22nd. ValuEngine upgraded shares of Landstar System from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Wolfe Research cut shares of Landstar System from a “peer perform” rating to an “underperform” rating in a research note on Friday, October 5th. Finally, Zacks Investment Research cut shares of Landstar System from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Landstar System presently has a consensus rating of “Hold” and an average price target of $117.00.

Institutional investors and hedge funds have recently modified their holdings of the stock. Clearbridge Investments LLC grew its stake in Landstar System by 970,964.3% during the 3rd quarter. Clearbridge Investments LLC now owns 135,949 shares of the transportation company’s stock valued at $16,586,000 after acquiring an additional 135,935 shares in the last quarter. Vanguard Group Inc. grew its stake in Landstar System by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,687,689 shares of the transportation company’s stock valued at $449,897,000 after acquiring an additional 21,365 shares in the last quarter. Morgan Stanley grew its stake in Landstar System by 49.6% during the 3rd quarter. Morgan Stanley now owns 161,962 shares of the transportation company’s stock valued at $19,759,000 after acquiring an additional 53,709 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Landstar System by 3.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 947,094 shares of the transportation company’s stock valued at $115,545,000 after acquiring an additional 32,806 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Landstar System by 42.0% during the 3rd quarter. AQR Capital Management LLC now owns 321,545 shares of the transportation company’s stock valued at $39,228,000 after acquiring an additional 95,108 shares in the last quarter. 99.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ LSTR traded down $3.52 during midday trading on Friday, reaching $97.78. 306,855 shares of the company traded hands, compared to its average volume of 296,560. Landstar System has a 52 week low of $96.91 and a 52 week high of $128.70. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.16 billion, a P/E ratio of 26.07, a P/E/G ratio of 1.23 and a beta of 1.13.

The business also recently declared a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Tuesday, November 13th were paid a $0.165 dividend. The ex-dividend date was Friday, November 9th. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. Landstar System’s dividend payout ratio is currently 17.60%.

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, including third party logistics and less-than-truckload service providers.

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Earnings History and Estimates for Landstar System (NASDAQ:LSTR)

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