Landstar System (NASDAQ:LSTR) Posts Quarterly Earnings Results, Misses Estimates By $0.56 EPS

Landstar System (NASDAQ:LSTR) announced its quarterly earnings data on Wednesday. The transportation company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.56), FiscalAI reports. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Landstar System had a return on equity of 17.24% and a net margin of 2.87%.

Landstar System Price Performance

LSTR stock traded up $1.83 during trading on Wednesday, hitting $153.51. The stock had a trading volume of 893,054 shares, compared to its average volume of 480,573. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 39.16 and a beta of 0.84. The company’s 50 day moving average price is $143.20 and its two-hundred day moving average price is $134.53. Landstar System has a 1-year low of $119.32 and a 1-year high of $176.51.

Landstar System Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, January 21st. Stockholders of record on Tuesday, January 6th were given a $2.00 dividend. This represents a dividend yield of 134.0%. The ex-dividend date was Tuesday, January 6th. Landstar System’s dividend payout ratio is currently 40.82%.

Hedge Funds Weigh In On Landstar System

A number of large investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in Landstar System during the third quarter worth about $25,000. Geneos Wealth Management Inc. boosted its stake in shares of Landstar System by 132.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 142 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Landstar System by 1,490.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 318 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 298 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Landstar System by 126.6% during the second quarter. EverSource Wealth Advisors LLC now owns 315 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 176 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Landstar System during the 2nd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group dropped their target price on shares of Landstar System from $149.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Susquehanna raised their target price on shares of Landstar System from $110.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Wall Street Zen upgraded Landstar System from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Morgan Stanley boosted their price objective on shares of Landstar System from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Finally, Evercore ISI raised their price objective on Landstar System from $125.00 to $151.00 and gave the stock an “in-line” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $153.00.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.