Zacks: Brokerages Anticipate Landstar System, Inc. (NASDAQ:LSTR) Will Post Quarterly Sales of $1.13 Billion


Share on StockTwits

Equities analysts expect Landstar System, Inc. (NASDAQ:LSTR) to report sales of $1.13 billion for the current quarter, Zacks reports. Four analysts have issued estimates for Landstar System’s earnings, with the highest sales estimate coming in at $1.15 billion and the lowest estimate coming in at $1.13 billion. Landstar System reported sales of $927.57 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.8%. The company is scheduled to announce its next earnings results on Wednesday, April 28th.

On average, analysts expect that Landstar System will report full-year sales of $4.56 billion for the current financial year, with estimates ranging from $4.29 billion to $4.80 billion. For the next year, analysts expect that the company will report sales of $4.63 billion, with estimates ranging from $4.36 billion to $4.88 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Landstar System.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, January 27th. The transportation company reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.25. Landstar System had a return on equity of 28.19% and a net margin of 4.62%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $1.27 EPS. Landstar System’s revenue for the quarter was up 30.3% compared to the same quarter last year.

A number of brokerages recently commented on LSTR. Robert W. Baird reaffirmed a “buy” rating on shares of Landstar System in a report on Sunday. Oppenheimer reiterated a “hold” rating on shares of Landstar System in a research note on Sunday, January 31st. Credit Suisse Group increased their price target on Landstar System from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 18th. Zacks Investment Research lowered Landstar System from a “buy” rating to a “hold” rating and set a $142.00 price target for the company. in a research note on Thursday, December 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Landstar System from $120.00 to $132.00 and gave the stock a “hold” rating in a research note on Monday, November 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $132.31.

Landstar System stock traded down $1.75 during trading on Thursday, reaching $158.54. The company had a trading volume of 2,172 shares, compared to its average volume of 313,709. Landstar System has a 52 week low of $85.30 and a 52 week high of $162.50. The firm’s 50-day simple moving average is $148.92 and its 200 day simple moving average is $135.40. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 12th. Stockholders of record on Monday, February 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, February 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.53%. Landstar System’s payout ratio is 14.69%.

Institutional investors have recently modified their holdings of the company. CI Investments Inc. purchased a new position in shares of Landstar System during the third quarter valued at about $25,000. Fieldpoint Private Securities LLC purchased a new position in shares of Landstar System during the fourth quarter valued at about $35,000. South State CORP. purchased a new position in shares of Landstar System during the third quarter valued at about $38,000. Rational Advisors LLC purchased a new position in Landstar System in the fourth quarter worth about $48,000. Finally, Cerebellum GP LLC purchased a new position in Landstar System in the third quarter worth about $62,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

About Landstar System

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.

See Also: Analyzing a company’s cash flow statement

Get a free copy of the Zacks research report on Landstar System (LSTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Landstar System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System and related companies with MarketBeat.com's FREE daily email newsletter.