Landstar System (NASDAQ:LSTR) Issues Q3 Earnings Guidance

Landstar System (NASDAQ:LSTR) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $2.20-2.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.31. The company issued revenue guidance of $1.55-1.60 billion, compared to the consensus revenue estimate of $1.53 billion.Landstar System also updated its Q3 2021 guidance to $2.200-$2.300 EPS.

Shares of NASDAQ:LSTR traded down $5.27 during trading on Thursday, hitting $149.53. 6,667 shares of the company were exchanged, compared to its average volume of 323,069. The firm has a market cap of $5.74 billion, a P/E ratio of 26.02, a PEG ratio of 1.49 and a beta of 0.99. The firm’s 50 day moving average is $161.80. Landstar System has a 52-week low of $118.64 and a 52-week high of $182.63. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Tuesday, July 20th. The transportation company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.06. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.52 billion. Landstar System had a return on equity of 36.13% and a net margin of 5.08%. The business’s quarterly revenue was up 90.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 earnings per share. On average, analysts anticipate that Landstar System will post 8.64 earnings per share for the current fiscal year.

LSTR has been the topic of several recent research reports. Susquehanna Bancshares increased their target price on Landstar System from $138.00 to $147.00 and gave the stock a neutral rating in a research report on Monday, April 12th. Stephens cut shares of Landstar System from an overweight rating to an equal weight rating in a report on Wednesday, March 31st. Susquehanna upped their price target on shares of Landstar System from $138.00 to $147.00 and gave the stock a neutral rating in a report on Tuesday, April 13th. Truist Securities decreased their price target on shares of Landstar System from $175.00 to $165.00 and set a hold rating on the stock in a report on Tuesday, June 29th. Finally, Robert W. Baird reaffirmed a neutral rating and issued a $182.00 price target on shares of Landstar System in a report on Monday, May 17th. Two investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The stock presently has an average rating of Hold and an average target price of $270.54.

Landstar System Company Profile

Landstar System, Inc engages in the provision of transportation management solutions. It operates through the following segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers transportation services including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, project cargo, and customs brokerage.

See Also: What do investors mean by earnings per share?

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

Receive News & Ratings for Landstar System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System and related companies with MarketBeat.com's FREE daily email newsletter.