Landstar System (NASDAQ:LSTR) announced its quarterly earnings data on Tuesday. The transportation company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.38, MarketWatch Earnings reports. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.16 billion. Landstar System had a net margin of 4.62% and a return on equity of 28.19%. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share.
Shares of NASDAQ:LSTR traded down $3.98 during mid-day trading on Thursday, reaching $169.06. 780,961 shares of the company’s stock were exchanged, compared to its average volume of 291,103. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 1.77. Landstar System has a twelve month low of $94.12 and a twelve month high of $179.50. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 1.97 and a beta of 0.99. The business’s fifty day moving average price is $167.15 and its 200-day moving average price is $145.88.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 12th. Shareholders of record on Monday, February 15th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, February 11th. Landstar System’s dividend payout ratio (DPR) is currently 14.69%.
LSTR has been the topic of several analyst reports. Wolfe Research lowered shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research report on Friday, February 26th. The Goldman Sachs Group reiterated a “sell” rating and issued a $140.00 price target (down previously from $143.00) on shares of Landstar System in a research note on Tuesday, March 16th. Susquehanna upped their price objective on Landstar System from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Monday. Stephens cut Landstar System from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 31st. Finally, Cowen lifted their target price on Landstar System from $131.00 to $153.00 and gave the company a “market perform” rating in a research report on Friday, January 29th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $246.13.
Landstar System Company Profile
Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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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