Landstar System (NASDAQ:LSTR) Issues Q3 2021 Earnings Guidance

Landstar System (NASDAQ:LSTR) issued an update on its third quarter 2021 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.200-$2.300 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.260. The company issued revenue guidance of $1.55 billion-$1.60 billion, compared to the consensus revenue estimate of $1.45 billion.Landstar System also updated its Q3 guidance to $2.20-2.30 EPS.

Shares of NASDAQ LSTR traded down $5.68 during mid-day trading on Thursday, hitting $149.12. 5,994 shares of the company traded hands, compared to its average volume of 323,069. Landstar System has a 1 year low of $118.64 and a 1 year high of $182.63. The firm has a market cap of $5.73 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $161.80.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, July 20th. The transportation company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.34 by $0.06. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. Landstar System had a return on equity of 36.13% and a net margin of 5.08%. Landstar System’s revenue was up 90.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. As a group, equities analysts expect that Landstar System will post 8.64 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Landstar System from $134.00 to $155.00 and gave the stock a hold rating in a research note on Monday, April 26th. Truist Securities lowered their price objective on Landstar System from $175.00 to $165.00 and set a hold rating on the stock in a report on Tuesday, June 29th. Stephens lowered Landstar System from an overweight rating to an equal weight rating in a report on Wednesday, March 31st. Morgan Stanley increased their price objective on Landstar System from $110.00 to $113.00 and gave the company an underweight rating in a report on Thursday, July 8th. Finally, Wells Fargo & Company lowered their price objective on Landstar System from $185.00 to $161.00 and set an equal weight rating on the stock in a report on Tuesday, July 13th. Two investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. The company presently has an average rating of Hold and a consensus price target of $270.54.

Landstar System Company Profile

Landstar System, Inc engages in the provision of transportation management solutions. It operates through the following segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers transportation services including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, project cargo, and customs brokerage.

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

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