Landstar System (LSTR) to Release Quarterly Earnings on Wednesday

Landstar System (NASDAQ:LSTR) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.34 per share for the quarter. Landstar System has set its Q1 guidance at $1.25-1.35 EPS and its Q1 2024 guidance at 1.250-1.350 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, January 31st. The transportation company reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.01). The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. Landstar System had a net margin of 4.99% and a return on equity of 26.73%. On average, analysts expect Landstar System to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Landstar System Stock Performance

Shares of LSTR opened at $170.81 on Monday. The firm has a market cap of $6.11 billion, a PE ratio of 23.24, a PEG ratio of 4.50 and a beta of 0.83. The stock’s fifty day moving average price is $186.35 and its two-hundred day moving average price is $183.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.00 and a quick ratio of 2.00. Landstar System has a 1 year low of $161.13 and a 1 year high of $208.62.

Landstar System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 12th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.77%. Landstar System’s payout ratio is 17.96%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LSTR shares. UBS Group boosted their target price on Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 target price for the company in a research report on Wednesday, January 10th. Wells Fargo & Company boosted their target price on Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Susquehanna reduced their target price on Landstar System from $170.00 to $165.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. Finally, Stifel Nicolaus reduced their target price on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a research report on Friday, February 2nd. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $184.55.

Insider Transactions at Landstar System

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 transaction, the vice president now owns 61,127 shares of the company’s stock, valued at approximately $11,632,468.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LSTR. BOKF NA bought a new stake in shares of Landstar System in the 4th quarter worth $40,000. First Capital Advisors Group LLC. bought a new stake in shares of Landstar System in the 2nd quarter worth $59,000. Belpointe Asset Management LLC increased its holdings in shares of Landstar System by 150.7% in the 1st quarter. Belpointe Asset Management LLC now owns 356 shares of the transportation company’s stock worth $64,000 after purchasing an additional 214 shares in the last quarter. KBC Group NV bought a new stake in shares of Landstar System in the 4th quarter worth $111,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Landstar System in the 4th quarter worth $206,000. Hedge funds and other institutional investors own 97.95% of the company’s stock.

About Landstar System

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.