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 also updated its Q2 2024 guidance to 1.350-1.550 EPS.

Landstar System Stock Performance

Shares of LSTR traded up $6.33 during mid-day trading on Thursday, hitting $177.43. The stock had a trading volume of 604,499 shares, compared to its average volume of 275,550. Landstar System has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The company has a market cap of $6.34 billion, a PE ratio of 24.14, a PEG ratio of 4.54 and a beta of 0.83. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $184.66 and its two-hundred day simple moving average is $183.48.

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

Analysts Set New Price Targets

A number of analysts have weighed in on LSTR shares. Wolfe Research raised Landstar System from a peer perform rating to an outperform rating and set a $205.00 price target for the company in a research report 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 report on Friday, February 2nd. Wells Fargo & Company raised their price target on Landstar System from $165.00 to $180.00 and gave the company an equal weight rating in a report on Friday, February 2nd. Susquehanna lowered their target price on Landstar System from $170.00 to $165.00 and set a neutral rating for the company in a research note on Monday, March 25th. Finally, Stifel Nicolaus lowered their target price on Landstar System from $171.00 to $166.00 and set a hold rating for the company in a research note on Friday, February 2nd. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Landstar System has a consensus rating of Hold and a consensus price target of $184.55.

Insiders Place Their Bets

In related news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction 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 directly owns 61,127 shares in the company, valued at $11,632,468.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% 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 services.