Zacks Research Forecasts Landstar System FY2024 Earnings

Landstar System, Inc. (NASDAQ:LSTR) – Equities research analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of Landstar System in a research report issued on Tuesday, November 12th. Zacks Research analyst S. Goswami now expects that the transportation company will earn $5.58 per share for the year, down from their prior estimate of $5.92. The consensus estimate for Landstar System’s current full-year earnings is $5.57 per share. Zacks Research also issued estimates for Landstar System’s Q4 2024 earnings at $1.37 EPS, Q1 2025 earnings at $1.40 EPS, Q2 2025 earnings at $1.67 EPS, Q3 2025 earnings at $1.81 EPS, FY2025 earnings at $6.87 EPS, Q1 2026 earnings at $1.63 EPS and FY2026 earnings at $7.91 EPS.

Several other brokerages have also recently issued reports on LSTR. Benchmark reaffirmed a “hold” rating on shares of Landstar System in a research report on Wednesday, July 31st. UBS Group raised their price objective on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stephens reduced their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group decreased their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Finally, TD Cowen cut their price objective on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $174.25.

Landstar System Price Performance

NASDAQ LSTR opened at $182.82 on Thursday. The company has a market cap of $6.46 billion, a PE ratio of 31.36 and a beta of 0.81. Landstar System has a 52-week low of $165.39 and a 52-week high of $201.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.21 and a current ratio of 2.21. The firm’s 50 day moving average price is $183.92 and its 200-day moving average price is $183.34.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.04). Landstar System had a return on equity of 20.68% and a net margin of 4.32%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company earned $1.71 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis.

Landstar System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a yield of 0.79%. Landstar System’s dividend payout ratio (DPR) is 24.70%.

Insiders Place Their Bets

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the completion of the transaction, the chief financial officer now directly owns 14,083 shares of the company’s stock, valued at approximately $2,595,778.56. This trade represents a 6.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Landstar System

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. boosted its holdings in Landstar System by 2.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,008 shares of the transportation company’s stock valued at $387,000 after purchasing an additional 57 shares during the last quarter. Sei Investments Co. raised its position in Landstar System by 17.9% during the first quarter. Sei Investments Co. now owns 72,248 shares of the transportation company’s stock valued at $13,926,000 after acquiring an additional 10,978 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Landstar System by 9.0% in the first quarter. Bleakley Financial Group LLC now owns 4,484 shares of the transportation company’s stock valued at $864,000 after acquiring an additional 370 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Landstar System by 3.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 43,753 shares of the transportation company’s stock worth $7,843,000 after purchasing an additional 1,318 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Landstar System by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company’s stock worth $670,812,000 after purchasing an additional 25,387 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

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.