Landstar System (NASDAQ:LSTR) Releases Q2 Earnings Guidance

Landstar System (NASDAQ:LSTR) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.35-1.55 for the period, compared to the consensus estimate of $1.58. The company issued revenue guidance of $1.2-1.3 billion, compared to the consensus revenue estimate of $1.26 billion.

Landstar System Stock Down 0.6 %

Shares of NASDAQ:LSTR opened at $171.10 on Thursday. The company has a market capitalization of $6.12 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 4.54 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.00 and a quick ratio of 2.00. The business has a fifty day moving average price of $185.05 and a two-hundred day moving average price of $183.53. Landstar System has a 1 year low of $161.13 and a 1 year high of $208.62.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. Landstar System had a return on equity of 26.73% and a net margin of 4.99%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Analysts forecast that Landstar System will post 6.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Susquehanna dropped their price objective on Landstar System from $170.00 to $165.00 and set a neutral rating on the stock in a report on Monday, March 25th. Stifel Nicolaus dropped their price objective on Landstar System from $171.00 to $166.00 and set a hold rating on the stock in a report on Friday, February 2nd. UBS Group increased their price objective on Landstar System from $175.00 to $200.00 and gave the stock a neutral rating in a report on Friday, February 2nd. Wells Fargo & Company increased their price objective on Landstar System from $165.00 to $180.00 and gave the stock an equal weight rating in a report on Friday, February 2nd. Finally, Wolfe Research raised Landstar System from a peer perform rating to an outperform rating and set a $205.00 price objective on the stock in a report on Wednesday, January 10th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Landstar System has a consensus rating of Hold and a consensus target price of $184.55.

Insider Activity

In other news, VP Michael K. Kneller sold 12,219 shares of Landstar System stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the sale, the vice president now owns 61,127 shares in the company, valued at approximately $11,632,468.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% 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. 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.