Brokerages Anticipate Landstar System, Inc. (NASDAQ:LSTR) Will Post Earnings of $1.50 Per Share

Equities analysts expect Landstar System, Inc. (NASDAQ:LSTR) to report $1.50 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Landstar System’s earnings. The highest EPS estimate is $1.51 and the lowest is $1.49. Landstar System reported earnings of $1.63 per share in the same quarter last year, which indicates a negative year over year growth rate of 8%. The firm is expected to announce its next earnings report on Wednesday, October 23rd.

On average, analysts expect that Landstar System will report full year earnings of $6.16 per share for the current financial year, with EPS estimates ranging from $6.08 to $6.21. For the next year, analysts expect that the company will report earnings of $6.41 per share, with EPS estimates ranging from $5.93 to $6.60. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Landstar System.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.53 EPS for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.07 billion. Landstar System had a net margin of 5.82% and a return on equity of 36.17%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.51 EPS.



A number of analysts have recently issued reports on the stock. Credit Suisse Group cut their price target on shares of Landstar System from $104.00 to $103.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Raymond James upgraded shares of Landstar System from an “underperform” rating to a “market perform” rating and set a $107.82 price target for the company in a report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Landstar System from a “sell” rating to a “hold” rating and set a $117.00 price target for the company in a report on Wednesday, July 31st. Wolfe Research upgraded shares of Landstar System from an “underperform” rating to a “peer perform” rating in a report on Friday, June 28th. Finally, SunTrust Banks set a $110.00 price target on shares of Landstar System and gave the stock a “hold” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Landstar System currently has an average rating of “Hold” and an average price target of $112.07.

Institutional investors have recently added to or reduced their stakes in the company. Eukles Asset Management raised its stake in Landstar System by 1.3% during the 2nd quarter. Eukles Asset Management now owns 7,610 shares of the transportation company’s stock worth $822,000 after acquiring an additional 98 shares in the last quarter. Liberty Capital Management Inc. raised its stake in Landstar System by 3.3% during the 1st quarter. Liberty Capital Management Inc. now owns 3,160 shares of the transportation company’s stock worth $346,000 after acquiring an additional 100 shares in the last quarter. Zions Bancorporation N.A. raised its stake in Landstar System by 6.4% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,866 shares of the transportation company’s stock worth $202,000 after acquiring an additional 113 shares in the last quarter. Advisory Services Network LLC raised its stake in Landstar System by 130.3% during the 1st quarter. Advisory Services Network LLC now owns 281 shares of the transportation company’s stock worth $31,000 after acquiring an additional 159 shares in the last quarter. Finally, Cetera Advisor Networks LLC raised its stake in Landstar System by 4.1% during the 1st quarter. Cetera Advisor Networks LLC now owns 4,101 shares of the transportation company’s stock worth $449,000 after acquiring an additional 160 shares in the last quarter. 98.70% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ LSTR traded down $4.73 during midday trading on Friday, reaching $104.87. 259,598 shares of the stock were exchanged, compared to its average volume of 300,453. The company has a 50 day simple moving average of $109.39 and a 200 day simple moving average of $107.77. The stock has a market capitalization of $4.38 billion, a P/E ratio of 16.97, a PEG ratio of 1.50 and a beta of 1.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.98 and a current ratio of 1.98. Landstar System has a twelve month low of $90.23 and a twelve month high of $128.70.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 12th will be given a dividend of $0.185 per share. This is a boost from Landstar System’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, August 9th. Landstar System’s payout ratio is 11.97%.

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

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