Landstar System (NASDAQ:LSTR) Issues Q2 Earnings Guidance

Landstar System (NASDAQ:LSTR) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.35-1.55 for the period, compared to the consensus EPS 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 also updated its Q2 2024 guidance to 1.350-1.550 EPS.

Landstar System Price Performance

NASDAQ:LSTR traded down $0.17 on Friday, reaching $177.26. The stock had a trading volume of 313,188 shares, compared to its average volume of 270,637. The company has a market capitalization of $6.34 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 4.68 and a beta of 0.83. Landstar System has a 1-year low of $161.13 and a 1-year high of $208.62. The company has a quick ratio of 2.00, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $184.33 and a 200-day moving average price of $183.48.

Landstar System (NASDAQ:LSTR) last released 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. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. Research analysts forecast that Landstar System will post 6.71 EPS for the current year.

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, May 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.74%. Landstar System’s payout ratio is 20.31%.

Analyst Ratings Changes

LSTR has been the topic of a number of research reports. Wells Fargo & Company upped their target price on shares of Landstar System from $165.00 to $180.00 and gave the stock an equal weight rating in a research report on Friday, February 2nd. Wolfe Research upgraded shares of Landstar System from a peer perform rating to an outperform rating and set a $205.00 target price on the stock in a research report on Wednesday, January 10th. Susquehanna reduced their target price on shares of Landstar System from $165.00 to $160.00 and set a neutral rating on the stock in a research report on Friday. Stifel Nicolaus cut their price objective on shares of Landstar System from $171.00 to $166.00 and set a hold rating on the stock in a report on Friday, February 2nd. Finally, Benchmark restated a hold rating on shares of Landstar System in a report on Friday. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $184.09.

Insider Buying and Selling at Landstar System

In other Landstar System news, VP Michael K. Kneller sold 12,219 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $190.30, for a total value of $2,325,275.70. Following the completion of the sale, the vice president now owns 61,127 shares of the company’s stock, valued at $11,632,468.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.