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 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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