Landstar System (NASDAQ:LSTR) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.52 per share for the quarter. Landstar System has set its Q1 2019 guidance at $1.51-1.57 EPS.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, January 30th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.10. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.21 billion. Landstar System had a return on equity of 36.70% and a net margin of 5.53%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.51 EPS. On average, analysts expect Landstar System to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
LSTR opened at $111.89 on Monday. The firm has a market capitalization of $4.49 billion, a P/E ratio of 18.11, a PEG ratio of 1.45 and a beta of 1.20. Landstar System has a 1 year low of $90.23 and a 1 year high of $128.70. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.12.
Several research firms recently issued reports on LSTR. BidaskClub upgraded Landstar System from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Buckingham Research reduced their price target on Landstar System from $115.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, April 2nd. Zacks Investment Research downgraded Landstar System from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. Finally, Cowen restated a “hold” rating and issued a $100.00 price target on shares of Landstar System in a research note on Wednesday, January 30th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Landstar System currently has an average rating of “Hold” and a consensus price target of $111.70.
In other news, CFO L Kevin Stout sold 6,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $110.99, for a total transaction of $665,940.00. Following the completion of the sale, the chief financial officer now directly owns 47,204 shares in the company, valued at approximately $5,239,171.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James B. Gattoni sold 19,481 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $110.68, for a total value of $2,156,157.08. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
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 service providers.
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