$1.14 Billion in Sales Expected for Landstar System, Inc. (NASDAQ:LSTR) This Quarter


Share on StockTwits

Wall Street analysts predict that Landstar System, Inc. (NASDAQ:LSTR) will post sales of $1.14 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Landstar System’s earnings, with the lowest sales estimate coming in at $1.13 billion and the highest estimate coming in at $1.16 billion. Landstar System reported sales of $927.57 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.9%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, April 21st.

According to Zacks, analysts expect that Landstar System will report full-year sales of $4.60 billion for the current financial year, with estimates ranging from $4.29 billion to $4.80 billion. For the next year, analysts expect that the firm will post sales of $4.70 billion, with estimates ranging from $4.45 billion to $4.88 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Landstar System.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, January 27th. The transportation company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.25. Landstar System had a net margin of 4.62% and a return on equity of 28.19%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $1.27 EPS. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis.

A number of brokerages have recently commented on LSTR. Robert W. Baird reiterated a “buy” rating on shares of Landstar System in a report on Sunday, February 21st. Stephens downgraded shares of Landstar System from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 31st. Oppenheimer reiterated a “hold” rating on shares of Landstar System in a report on Sunday, January 31st. Morgan Stanley lifted their price target on shares of Landstar System from $83.00 to $90.00 and gave the stock an “underweight” rating in a report on Monday, February 1st. Finally, Susquehanna lifted their price target on shares of Landstar System from $138.00 to $147.00 and gave the stock a “neutral” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $246.13.

NASDAQ:LSTR traded down $0.02 during mid-day trading on Tuesday, hitting $174.98. 236,152 shares of the company’s stock traded hands, compared to its average volume of 281,243. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 1.77. The firm’s 50 day simple moving average is $166.91 and its 200 day simple moving average is $145.63. Landstar System has a 1 year low of $94.12 and a 1 year high of $179.49. The company has a market cap of $6.72 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99.

The business also recently announced a quarterly dividend, which was paid on Friday, March 12th. Investors of record on Monday, February 15th were issued a $0.21 dividend. The ex-dividend date was Thursday, February 11th. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. Landstar System’s payout ratio is 14.69%.

A number of institutional investors have recently added to or reduced their stakes in LSTR. Truist Financial Corp lifted its position in Landstar System by 0.5% during the third quarter. Truist Financial Corp now owns 15,250 shares of the transportation company’s stock valued at $1,914,000 after buying an additional 83 shares in the last quarter. Ellevest Inc. lifted its position in Landstar System by 9.0% during the fourth quarter. Ellevest Inc. now owns 1,088 shares of the transportation company’s stock valued at $147,000 after buying an additional 90 shares in the last quarter. Cresset Asset Management LLC lifted its position in Landstar System by 4.2% during the fourth quarter. Cresset Asset Management LLC now owns 2,349 shares of the transportation company’s stock valued at $316,000 after buying an additional 95 shares in the last quarter. Denali Advisors LLC lifted its position in Landstar System by 1.0% during the fourth quarter. Denali Advisors LLC now owns 10,500 shares of the transportation company’s stock valued at $1,414,000 after buying an additional 100 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Landstar System by 3.6% during the first quarter. Exchange Traded Concepts LLC now owns 3,184 shares of the transportation company’s stock valued at $526,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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.

Recommended Story: Quiet Period Expirations

Get a free copy of the Zacks research report on Landstar System (LSTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Landstar System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System and related companies with MarketBeat.com's FREE daily email newsletter.