Landstar System (LSTR) Set to Announce Quarterly Earnings on Wednesday

Landstar System (NASDAQ:LSTR) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.52 per share for the quarter. Landstar System has set its Q1 2019 guidance at $1.51-1.57 EPS.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, January 30th. The transportation company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.10. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.21 billion. Landstar System had a net margin of 5.53% and a return on equity of 36.70%. The company’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.51 earnings per share. On average, analysts expect Landstar System to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

LSTR opened at $112.36 on Wednesday. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.46 and a beta of 1.20. Landstar System has a 1-year low of $90.23 and a 1-year high of $128.70. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.81 and a quick ratio of 1.81.

In other news, CEO James B. Gattoni sold 19,481 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $110.68, for a total value of $2,156,157.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO L Kevin Stout sold 6,000 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $110.99, for a total transaction of $665,940.00. Following the completion of the transaction, the chief financial officer now directly owns 47,204 shares in the company, valued at approximately $5,239,171.96. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

A number of research firms have weighed in on LSTR. BidaskClub upgraded shares of Landstar System from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Buckingham Research dropped their price target on shares of Landstar System from $115.00 to $114.00 and set a “neutral” rating for the company in a research report on Tuesday, April 2nd. Zacks Investment Research lowered shares of Landstar System from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Finally, Cowen reiterated a “hold” rating and issued a $100.00 price target on shares of Landstar System in a research report on Wednesday, January 30th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $111.70.

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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 for Landstar System (NASDAQ:LSTR)

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