$1.42 Billion in Sales Expected for Landstar System, Inc. (NASDAQ:LSTR) This Quarter
Equities research analysts expect Landstar System, Inc. (NASDAQ:LSTR) to announce $1.42 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Landstar System’s earnings, with the highest sales estimate coming in at $1.43 billion and the lowest estimate coming in at $1.42 billion. Landstar System reported sales of $823.51 million during the same quarter last year, which indicates a positive year-over-year growth rate of 72.4%. The company is scheduled to announce its next earnings results on Wednesday, July 28th.
According to Zacks, analysts expect that Landstar System will report full year sales of $5.22 billion for the current financial year, with estimates ranging from $4.52 billion to $5.61 billion. For the next fiscal year, analysts anticipate that the business will report sales of $5.11 billion, with estimates ranging from $4.66 billion to $5.62 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Landstar System.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Tuesday, April 20th. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.38. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.16 billion. Landstar System had a return on equity of 28.19% and a net margin of 4.62%. The firm’s quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share.
Large investors have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC bought a new position in shares of Landstar System in the 4th quarter worth about $35,000. Rational Advisors LLC bought a new position in shares of Landstar System in the 4th quarter worth about $48,000. CI Investments Inc. raised its position in shares of Landstar System by 116.8% in the 4th quarter. CI Investments Inc. now owns 427 shares of the transportation company’s stock worth $57,000 after acquiring an additional 230 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Landstar System in the 4th quarter worth about $124,000. Finally, Ellevest Inc. raised its position in shares of Landstar System by 9.0% in the 4th quarter. Ellevest Inc. now owns 1,088 shares of the transportation company’s stock worth $147,000 after acquiring an additional 90 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.
NASDAQ:LSTR traded up $2.92 during trading hours on Thursday, reaching $178.59. 235,972 shares of the company were exchanged, compared to its average volume of 292,741. The company has a market capitalization of $6.86 billion, a P/E ratio of 38.61, a P/E/G ratio of 1.97 and a beta of 0.99. Landstar System has a 1-year low of $101.14 and a 1-year high of $179.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.77 and a quick ratio of 1.77. The business has a 50 day moving average of $169.20 and a 200 day moving average of $148.30.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Thursday, May 6th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.47%. The ex-dividend date is Wednesday, May 5th. Landstar System’s dividend payout ratio is currently 14.69%.
About Landstar System
Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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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