Landstar System (NASDAQ:LSTR) released its quarterly earnings results on Tuesday. The transportation company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.06, MarketWatch Earnings reports. The business had revenue of $1.57 billion during 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 revenue was up 90.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS.
LSTR traded down $6.38 during midday trading on Thursday, hitting $148.42. The company’s stock had a trading volume of 9,947 shares, compared to its average volume of 323,069. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 1.49 and a beta of 0.99. The firm has a 50-day simple moving average of $161.80. Landstar System has a 52-week low of $118.64 and a 52-week high of $182.63.
LSTR has been the subject of several research reports. Susquehanna lifted their price target on Landstar System from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 13th. Truist lifted their price target on Landstar System from $145.00 to $1,750.00 in a research note on Thursday, April 15th. Robert W. Baird reaffirmed a “neutral” rating and set a $182.00 price target on shares of Landstar System in a research note on Monday, May 17th. Truist Securities dropped their price objective on Landstar System from $175.00 to $165.00 and set a “hold” rating for the company in a research report on Tuesday, June 29th. Finally, Wells Fargo & Company dropped their price objective on Landstar System from $185.00 to $161.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 13th. Two analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $270.54.
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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