Landstar System (NASDAQ:LSTR) Updates Q1 Earnings Guidance

Landstar System (NASDAQ:LSTR) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.90-0.95 for the period, compared to the consensus EPS estimate of $1.14. The company issued revenue guidance of at or near high end of $1.075-1.175 billion, compared to the consensus revenue estimate of $1.13 billion.

Landstar System Stock Up 1.2 %

NASDAQ:LSTR traded up $1.87 on Wednesday, hitting $151.93. 225,628 shares of the company’s stock traded hands, compared to its average volume of 274,798. The company has a market cap of $5.37 billion, a PE ratio of 27.52 and a beta of 0.82. Landstar System has a 1 year low of $144.00 and a 1 year high of $196.86. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $158.40 and a 200-day moving average price of $173.14.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Equities analysts anticipate that Landstar System will post 6.1 EPS for the current fiscal year.

Landstar System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.44 dividend on an annualized basis and a yield of 0.95%. Landstar System’s payout ratio is 26.09%.

Analyst Ratings Changes

A number of research firms have recently weighed in on LSTR. Truist Financial initiated coverage on Landstar System in a research note on Thursday, March 13th. They set a “hold” rating and a $160.00 price target for the company. Benchmark reissued a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Stifel Nicolaus raised their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Finally, Susquehanna reduced their price target on Landstar System from $150.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat, Landstar System has an average rating of “Hold” and a consensus price target of $166.73.

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.