Brokerages predict that Landstar System, Inc. (NASDAQ:LSTR) will announce $1.02 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Landstar System’s earnings. The highest EPS estimate is $1.04 and the lowest is $1.00. Landstar System reported earnings of $0.94 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 8.5%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, January 31st.

According to Zacks, analysts expect that Landstar System will report full-year earnings of $3.69 per share for the current fiscal year, with EPS estimates ranging from $3.67 to $3.71. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.51 per share, with EPS estimates ranging from $3.90 to $5.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Landstar System.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. Landstar System had a return on equity of 25.53% and a net margin of 4.36%. The company had revenue of $943.40 million for the quarter, compared to analyst estimates of $895.31 million. During the same quarter last year, the company posted $0.86 EPS. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year.

Several brokerages have recently issued reports on LSTR. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Tuesday, January 16th. Robert W. Baird reiterated a “hold” rating and issued a $105.00 price target on shares of Landstar System in a research note on Tuesday, January 9th. Susquehanna Bancshares upgraded Landstar System from a “neutral” rating to a “positive” rating and lifted their price target for the company from $109.00 to $124.00 in a research note on Monday, January 8th. BidaskClub lowered Landstar System from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Morgan Stanley lifted their price target on Landstar System from $68.00 to $73.00 and gave the company an “underweight” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $101.33.

Shares of Landstar System (LSTR) traded down $0.25 on Friday, hitting $111.00. The stock had a trading volume of 233,057 shares, compared to its average volume of 240,827. Landstar System has a one year low of $80.00 and a one year high of $111.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.96 and a current ratio of 1.96. The company has a market cap of $4,640.00, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 1.82 and a beta of 0.81.

The company also recently disclosed a special dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, January 11th. This represents a yield of 0.39%. This is a positive change from Landstar System’s previous special dividend of $1.00. Landstar System’s payout ratio is currently 11.05%.

Landstar System announced that its Board of Directors has authorized a share repurchase program on Wednesday, December 13th that permits the company to buyback 1,960,000 outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

In related news, Director Dr. Homaira Akbari sold 1,000 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $98.30, for a total transaction of $98,300.00. Following the sale, the director now owns 6,656 shares in the company, valued at approximately $654,284.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael K. Kneller sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $99.00, for a total value of $990,000.00. Following the sale, the vice president now owns 22,153 shares in the company, valued at approximately $2,193,147. The disclosure for this sale can be found here. Insiders have sold a total of 40,805 shares of company stock worth $4,028,128 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Manhattan Co. acquired a new position in Landstar System during the 4th quarter worth about $104,000. State of Alaska Department of Revenue acquired a new position in Landstar System during the 4th quarter worth about $322,000. Fox Run Management L.L.C. lifted its holdings in Landstar System by 36.5% during the 4th quarter. Fox Run Management L.L.C. now owns 12,148 shares of the transportation company’s stock worth $1,265,000 after buying an additional 3,248 shares during the period. Acadian Asset Management LLC lifted its holdings in Landstar System by 941.6% during the 4th quarter. Acadian Asset Management LLC now owns 22,102 shares of the transportation company’s stock worth $2,301,000 after buying an additional 19,980 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Landstar System by 6.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 295,684 shares of the transportation company’s stock worth $30,781,000 after buying an additional 17,340 shares during the period. 97.98% of the stock is currently owned by hedge funds and other institutional investors.

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Landstar System Company Profile

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

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