$1.42 Billion in Sales Expected for Landstar System, Inc. (NASDAQ:LSTR) This Quarter


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Wall Street brokerages predict that Landstar System, Inc. (NASDAQ:LSTR) will announce $1.42 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Landstar System’s earnings, with the lowest sales estimate coming in at $1.42 billion and the highest estimate coming in at $1.43 billion. Landstar System reported sales of $823.51 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 72.4%. The firm is expected to report its next earnings results on Wednesday, July 28th.

According to Zacks, analysts expect that Landstar System will report full-year sales of $5.22 billion for the current fiscal year, with estimates ranging from $4.52 billion to $5.61 billion. For the next year, analysts forecast that the firm will report sales of $5.11 billion, with estimates ranging from $4.66 billion to $5.62 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Landstar System.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Tuesday, April 20th. The transportation company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.38. Landstar System had a net margin of 4.62% and a return on equity of 28.19%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. The company’s revenue for the quarter was up 38.8% compared to the same quarter last year.

LSTR has been the topic of several recent research reports. Oppenheimer reaffirmed a “hold” rating on shares of Landstar System in a report on Sunday, January 31st. Stephens lowered shares of Landstar System from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 31st. Susquehanna Bancshares boosted their price objective on shares of Landstar System from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Monday, April 12th. Morgan Stanley boosted their price objective on shares of Landstar System from $83.00 to $90.00 and gave the company an “underweight” rating in a research report on Monday, February 1st. Finally, Wolfe Research lowered shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research report on Friday, February 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $248.87.

Shares of NASDAQ LSTR traded up $2.92 on Thursday, hitting $178.59. The company’s stock had a trading volume of 235,972 shares, compared to its average volume of 292,741. Landstar System has a 12-month low of $101.14 and a 12-month high of $179.50. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 38.61, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a 50 day moving average of $169.20 and a 200-day moving average of $148.30.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Thursday, May 6th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, May 5th. This represents a $0.84 annualized dividend and a yield of 0.47%. Landstar System’s dividend payout ratio is currently 14.69%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio increased its holdings in Landstar System by 36.9% in the 1st quarter. Strs Ohio now owns 43,658 shares of the transportation company’s stock valued at $7,206,000 after purchasing an additional 11,758 shares in the last quarter. Eukles Asset Management increased its holdings in Landstar System by 13.9% in the 1st quarter. Eukles Asset Management now owns 8,746 shares of the transportation company’s stock valued at $1,444,000 after purchasing an additional 1,065 shares in the last quarter. Brown Advisory Inc. increased its holdings in Landstar System by 1.4% in the 4th quarter. Brown Advisory Inc. now owns 11,950 shares of the transportation company’s stock valued at $1,609,000 after purchasing an additional 170 shares in the last quarter. Guggenheim Capital LLC increased its holdings in Landstar System by 20.5% in the 4th quarter. Guggenheim Capital LLC now owns 5,821 shares of the transportation company’s stock valued at $784,000 after purchasing an additional 991 shares in the last quarter. Finally, Curbstone Financial Management Corp increased its holdings in Landstar System by 6.8% in the 1st quarter. Curbstone Financial Management Corp now owns 3,476 shares of the transportation company’s stock valued at $574,000 after purchasing an additional 220 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.

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

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