Landstar System, Inc. (NASDAQ:LSTR) – Analysts at SunTrust Banks reduced their Q2 2019 earnings per share estimates for Landstar System in a report released on Wednesday, June 12th. SunTrust Banks analyst S. Benjamin now expects that the transportation company will earn $1.52 per share for the quarter, down from their prior forecast of $1.58. SunTrust Banks also issued estimates for Landstar System’s Q3 2019 earnings at $1.54 EPS, Q4 2019 earnings at $1.59 EPS, FY2019 earnings at $6.22 EPS, Q2 2020 earnings at $1.62 EPS, Q3 2020 earnings at $1.67 EPS and FY2020 earnings at $6.61 EPS.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.06. Landstar System had a return on equity of 37.24% and a net margin of 5.68%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $1.37 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis.
Landstar System stock opened at $102.62 on Thursday. Landstar System has a one year low of $90.23 and a one year high of $128.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22.
The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 9th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $0.66 annualized dividend and a dividend yield of 0.64%. Landstar System’s dividend payout ratio (DPR) is presently 10.68%.
In other Landstar System news, CMO Patrick J. O’malley sold 23,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $110.82, for a total value of $2,548,860.00. Following the completion of the sale, the chief marketing officer now owns 20,929 shares in the company, valued at approximately $2,319,351.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joseph J. Beacom sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $114.12, for a total value of $570,600.00. Following the completion of the sale, the chief operating officer now owns 45,924 shares of the company’s stock, valued at approximately $5,240,846.88. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its stake in shares of Landstar System by 130.3% in the 1st quarter. Advisory Services Network LLC now owns 281 shares of the transportation company’s stock valued at $31,000 after buying an additional 159 shares during the period. Manchester Capital Management LLC bought a new position in Landstar System during the first quarter worth about $65,000. Penserra Capital Management LLC bought a new position in Landstar System during the fourth quarter worth about $79,000. One Wealth Advisors LLC bought a new position in Landstar System during the first quarter worth about $103,000. Finally, Zions Bancorporation N.A. acquired a new stake in shares of Landstar System in the 1st quarter valued at about $192,000. 98.66% of the stock is owned by hedge funds and other institutional investors.
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 service providers.
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