Landstar System (NASDAQ:LSTR) Updates Q1 Earnings Guidance

Landstar System (NASDAQ:LSTR) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.90-0.95 for the period, compared to the consensus earnings per share estimate of $1.14. The company issued revenue guidance of at or near high end of $1.075-1.175 billion, compared to the consensus revenue estimate of $1.13 billion.

Wall Street Analyst Weigh In

LSTR has been the topic of several analyst reports. Truist Financial initiated coverage on Landstar System in a report on Thursday, March 13th. They issued a “hold” rating and a $160.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on Landstar System from $184.00 to $177.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus lifted their target price on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Benchmark reissued a “hold” rating on shares of Landstar System in a research note on Friday, January 31st. Finally, Susquehanna reduced their price target on shares of Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $166.73.

Landstar System Stock Performance

Shares of Landstar System stock traded up $1.87 on Wednesday, hitting $151.93. 225,697 shares of the company’s stock were exchanged, compared to its average volume of 338,699. Landstar System has a 1 year low of $144.13 and a 1 year high of $196.86. The company has a 50-day simple moving average of $158.40 and a 200-day simple moving average of $173.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.21 and a current ratio of 1.96. The stock has a market capitalization of $5.37 billion, a PE ratio of 27.52 and a beta of 0.82.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. As a group, equities analysts anticipate that Landstar System will post 6.1 EPS for the current year.

Landstar System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Tuesday, February 18th. Landstar System’s payout ratio is 26.09%.

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.