Landstar System (NASDAQ:LSTR) Posts Earnings Results, Misses Expectations By $0.04 EPS

Landstar System (NASDAQ:LSTR) announced its earnings results on Wednesday. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04), Zacks reports. Landstar System had a net margin of 4.32% and a return on equity of 20.68%.

Landstar System Stock Performance

Landstar System stock traded down $3.06 during midday trading on Wednesday, reaching $172.92. 280,295 shares of the stock traded hands, compared to its average volume of 308,331. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $177.80 and a two-hundred day moving average price of $182.33. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 29.66 and a beta of 0.83. Landstar System has a fifty-two week low of $164.04 and a fifty-two week high of $197.16.

Landstar System Increases Dividend

The business also recently announced a special dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a $2.00 dividend. This is a boost from Landstar System’s previous special dividend of $1.50. The ex-dividend date of this dividend was Tuesday, January 7th. Landstar System’s dividend payout ratio (DPR) is presently 24.70%.

Insider Buying and Selling

In related news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the transaction, the chief financial officer now owns 14,083 shares in the company, valued at $2,595,778.56. This trade represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LSTR. Raymond James downgraded shares of Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. UBS Group upped their price objective on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Susquehanna decreased their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Stephens lowered their target price on Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $172.27.

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.