Landstar System, Inc. (LSTR) Expected to Post Quarterly Sales of $1.01 Billion

Wall Street analysts expect Landstar System, Inc. (NASDAQ:LSTR) to announce $1.01 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Landstar System’s earnings, with estimates ranging from $960.00 million to $1.04 billion. Landstar System reported sales of $780.91 million during the same quarter last year, which indicates a positive year over year growth rate of 29.3%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, April 25th.

On average, analysts expect that Landstar System will report full-year sales of $4.30 billion for the current fiscal year, with estimates ranging from $4.08 billion to $4.47 billion. For the next financial year, analysts forecast that the business will report sales of $4.51 billion per share, with estimates ranging from $4.19 billion to $4.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for Landstar System.

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Landstar System (NASDAQ:LSTR) last announced its earnings results on Wednesday, January 31st. The transportation company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Landstar System had a return on equity of 25.30% and a net margin of 4.86%. The company’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS.

A number of brokerages have recently commented on LSTR. Robert W. Baird reiterated a “hold” rating and issued a $105.00 target price on shares of Landstar System in a report on Tuesday, January 9th. BidaskClub upgraded Landstar System from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 14th. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a report on Tuesday, January 16th. Buckingham Research lifted their target price on Landstar System from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Finally, Morgan Stanley lifted their target price on Landstar System from $75.00 to $94.00 and gave the stock an “underweight” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Landstar System presently has an average rating of “Buy” and an average price target of $113.08.

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Manhattan Co. purchased a new position in Landstar System during the 4th quarter valued at $104,000. Advisory Services Network LLC boosted its holdings in Landstar System by 2,304.0% during the 4th quarter. Advisory Services Network LLC now owns 1,803 shares of the transportation company’s stock valued at $188,000 after acquiring an additional 1,728 shares during the period. Franklin Resources Inc. purchased a new position in Landstar System during the 4th quarter valued at $247,000. Sciencast Management LP purchased a new position in Landstar System during the 4th quarter valued at $260,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Landstar System by 40.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,563 shares of the transportation company’s stock valued at $267,000 after acquiring an additional 739 shares during the period. Institutional investors own 99.86% of the company’s stock.

Shares of Landstar System stock opened at $109.30 on Tuesday. The company has a market capitalization of $4,511.74, a PE ratio of 29.15, a P/E/G ratio of 1.44 and a beta of 0.79. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.75 and a quick ratio of 1.75. Landstar System has a one year low of $80.00 and a one year high of $118.60.

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Landstar System Company Profile

Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.

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Earnings History and Estimates for Landstar System (NASDAQ:LSTR)

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