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 earnings per share guidance of $0.90-0.95 for the period, compared to the consensus earnings per share 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 Trading Up 1.2 %

Shares of LSTR traded up $1.87 during trading hours on Wednesday, reaching $151.93. The stock had a trading volume of 225,628 shares, compared to its average volume of 274,798. The firm has a 50-day moving average of $158.40 and a 200 day moving average of $173.14. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.37 billion, a P/E ratio of 27.52 and a beta of 0.82. Landstar System has a 52 week low of $144.00 and a 52 week high of $196.86.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, sell-side analysts expect that Landstar System will post 6.1 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System’s dividend payout ratio (DPR) is currently 26.09%.

Analysts Set New Price Targets

Several research analysts have commented on LSTR shares. Truist Financial began coverage on Landstar System in a research note on Thursday, March 13th. They set a “hold” rating and a $160.00 target price for the company. Susquehanna reduced their price objective on Landstar System from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price target on Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Stifel Nicolaus raised their price objective 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. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus 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.