Landstar System (NASDAQ:LSTR) Updates Q3 2021 Earnings Guidance

Landstar System (NASDAQ:LSTR) issued an update on its third quarter 2021 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.200-$2.300 for the period, compared to the Thomson Reuters consensus estimate of $2.260. The company issued revenue guidance of $1.55 billion-$1.60 billion, compared to the consensus revenue estimate of $1.45 billion.Landstar System also updated its Q3 guidance to $2.20-2.30 EPS.

A number of research firms have weighed in on LSTR. Susquehanna upped their price objective on shares of Landstar System from $138.00 to $147.00 and gave the stock a neutral rating in a research report on Tuesday, April 13th. Stephens cut shares of Landstar System from an overweight rating to an equal weight rating in a research report on Wednesday, March 31st. Oppenheimer reissued a hold rating on shares of Landstar System in a report on Tuesday, June 1st. Truist Securities dropped their price objective on shares of Landstar System from $175.00 to $165.00 and set a hold rating for the company in a report on Tuesday, June 29th. Finally, Morgan Stanley upped their price objective on shares of Landstar System from $110.00 to $113.00 and gave the company an underweight rating in a report on Thursday, July 8th. Two investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. Landstar System has a consensus rating of Hold and an average price target of $270.54.

LSTR stock traded down $5.68 during midday trading on Thursday, reaching $149.12. 5,994 shares of the company were exchanged, compared to its average volume of 323,069. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. Landstar System has a 1-year low of $118.64 and a 1-year high of $182.63. The company’s 50-day moving average price is $161.80. The company has a market capitalization of $5.73 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, July 20th. The transportation company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.52 billion. Landstar System had a net margin of 5.08% and a return on equity of 36.13%. The company’s revenue for the quarter was up 90.7% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. As a group, sell-side analysts predict that Landstar System will post 8.64 EPS for the current year.

Landstar System Company Profile

Landstar System, Inc engages in the provision of transportation management solutions. It operates through the following segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers transportation services including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, project cargo, and customs brokerage.

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Earnings History and Estimates for Landstar System (NASDAQ:LSTR)

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