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.
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.
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