Landstar System (NASDAQ:LSTR) Announces Quarterly Earnings Results

Landstar System (NASDAQ:LSTR) issued its quarterly earnings data on Tuesday. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.04), Briefing.com reports. Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $1.71 earnings per share. The company’s revenue was down 5.8% on a year-over-year basis. Landstar System updated its Q4 guidance to $1.25-1.45 EPS.

Landstar System Price Performance

Shares of LSTR stock opened at $177.20 on Friday. The business has a fifty day simple moving average of $182.96 and a 200 day simple moving average of $182.36. The company has a market cap of $6.28 billion, a P/E ratio of 30.39 and a beta of 0.80. The company has a quick ratio of 2.17, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. Landstar System has a twelve month low of $165.39 and a twelve month high of $201.40.

Landstar System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.81%. Landstar System’s dividend payout ratio (DPR) is currently 24.70%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LSTR. The Goldman Sachs Group dropped their price target on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday. Stifel Nicolaus lowered their price target on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Benchmark reissued a “hold” rating on shares of Landstar System in a report on Wednesday, July 31st. Finally, Stephens lowered their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Landstar System presently has a consensus rating of “Hold” and a consensus target price of $174.25.

Landstar System Company Profile

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 services.