Landstar System (NASDAQ:LSTR) Announces Earnings Results

Landstar System (NASDAQ:LSTR) released its quarterly earnings data on Tuesday. The transportation company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.07), Zacks reports. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. Landstar System had a net margin of 4.07% and a return on equity of 19.56%.

Landstar System Stock Performance

Shares of NASDAQ LSTR opened at $140.21 on Wednesday. The firm has a 50 day moving average of $142.46 and a 200 day moving average of $162.99. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 25.40 and a beta of 0.92. Landstar System has a 12-month low of $128.99 and a 12-month high of $196.86.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LSTR shares. JPMorgan Chase & Co. reduced their price objective on shares of Landstar System from $177.00 to $147.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Susquehanna reduced their price target on shares of Landstar System from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Jefferies Financial Group reduced their price target on shares of Landstar System from $170.00 to $150.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Truist Financial reduced their price target on shares of Landstar System from $150.00 to $135.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Finally, TD Cowen reduced their price target on shares of Landstar System from $161.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Landstar System currently has an average rating of “Hold” and a consensus price target of $155.67.

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.