Landstar System, Inc. (NASDAQ:LSTR) Expected to Post Quarterly Sales of $1.03 Billion

Analysts forecast that Landstar System, Inc. (NASDAQ:LSTR) will post $1.03 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Landstar System’s earnings, with the highest sales estimate coming in at $1.06 billion and the lowest estimate coming in at $1.01 billion. Landstar System posted sales of $1.20 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 14.2%. The company is scheduled to report its next earnings results after the market closes on Wednesday, October 23rd.

According to Zacks, analysts expect that Landstar System will report full year sales of $4.17 billion for the current year, with estimates ranging from $4.11 billion to $4.24 billion. For the next year, analysts expect that the company will report sales of $4.25 billion, with estimates ranging from $4.02 billion to $4.42 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Landstar System.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). Landstar System had a net margin of 5.82% and a return on equity of 36.17%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $1.51 earnings per share. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year.

A number of analysts have recently weighed in on the stock. Credit Suisse Group set a $103.00 target price on shares of Landstar System and gave the stock a “hold” rating in a report on Sunday, September 15th. Wolfe Research upgraded shares of Landstar System from an “underperform” rating to a “peer perform” rating in a report on Friday, June 28th. Buckingham Research dropped their target price on shares of Landstar System from $115.00 to $113.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Stephens assumed coverage on shares of Landstar System in a report on Monday, July 1st. They set a “buy” rating for the company. Finally, Zacks Investment Research upgraded shares of Landstar System from a “sell” rating to a “hold” rating and set a $117.00 target price for the company in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $112.07.

Several institutional investors have recently bought and sold shares of LSTR. Advisory Services Network LLC lifted its holdings in Landstar System by 130.3% in the first quarter. Advisory Services Network LLC now owns 281 shares of the transportation company’s stock worth $31,000 after buying an additional 159 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Landstar System in the second quarter worth about $60,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Landstar System in the second quarter worth about $82,000. Zions Bancorporation N.A. lifted its holdings in Landstar System by 6.4% in the second quarter. Zions Bancorporation N.A. now owns 1,866 shares of the transportation company’s stock worth $202,000 after buying an additional 113 shares during the period. Finally, Park National Corp OH purchased a new stake in Landstar System in the third quarter worth about $207,000.

Shares of NASDAQ:LSTR traded up $3.16 on Friday, reaching $114.01. 11,633 shares of the company traded hands, compared to its average volume of 315,469. The business’s 50-day simple moving average is $111.09 and its 200 day simple moving average is $108.53. Landstar System has a 52 week low of $90.23 and a 52 week high of $120.23. The stock has a market capitalization of $4.31 billion, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 1.49 and a beta of 1.30. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.09.

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 service providers.

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

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