Landstar System (NASDAQ:LSTR) Issues Q2 Earnings Guidance

Landstar System (NASDAQ:LSTR) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.35-1.55 for the period, compared to the consensus EPS estimate of $1.58. The company issued revenue guidance of $1.2-1.3 billion, compared to the consensus revenue estimate of $1.26 billion.

Landstar System Stock Performance

Landstar System stock opened at $171.10 on Thursday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. Landstar System has a 1 year low of $161.13 and a 1 year high of $208.62. The company has a market cap of $6.12 billion, a PE ratio of 23.28, a PEG ratio of 4.54 and a beta of 0.83. The company’s 50-day moving average is $185.05 and its two-hundred day moving average is $183.53.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. Landstar System had a return on equity of 26.73% and a net margin of 4.99%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Equities analysts anticipate that Landstar System will post 6.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wolfe Research raised Landstar System from a peer perform rating to an outperform rating and set a $205.00 target price for the company in a research note on Wednesday, January 10th. UBS Group increased their target price on Landstar System from $175.00 to $200.00 and gave the stock a neutral rating in a research note on Friday, February 2nd. Wells Fargo & Company raised their price target on shares of Landstar System from $165.00 to $180.00 and gave the stock an equal weight rating in a research note on Friday, February 2nd. Stifel Nicolaus decreased their price target on shares of Landstar System from $171.00 to $166.00 and set a hold rating for the company in a research note on Friday, February 2nd. Finally, Susquehanna decreased their price target on shares of Landstar System from $170.00 to $165.00 and set a neutral rating for the company in a research note on Monday, March 25th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $184.55.

Insider Activity

In other news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $190.30, for a total value of $2,325,275.70. Following the completion of the sale, the vice president now owns 61,127 shares of the company’s stock, valued at approximately $11,632,468.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

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.