Landstar System (NASDAQ:LSTR) Releases Earnings Results, Misses Expectations By $0.25 EPS

Landstar System (NASDAQ:LSTR) released its earnings results on Tuesday. The transportation company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.25), FiscalAI reports. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Landstar System had a return on equity of 20.84% and a net margin of 2.64%.

Landstar System Stock Performance

LSTR stock traded up $3.61 during midday trading on Tuesday, hitting $168.78. 377,002 shares of the stock traded hands, compared to its average volume of 478,072. Landstar System has a 1-year low of $121.11 and a 1-year high of $228.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.82 and a quick ratio of 1.82. The stock’s fifty day simple moving average is $173.15 and its 200-day simple moving average is $176.65. The firm has a market cap of $5.73 billion, a P/E ratio of 43.73 and a beta of 0.90.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Robert W. Baird reduced their price target on shares of Landstar System from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. The Goldman Sachs Group upped their price objective on shares of Landstar System from $147.00 to $168.00 and gave the company a “sell” rating in a report on Thursday, July 16th. Morgan Stanley reiterated an “underweight” rating and issued a $145.00 price objective on shares of Landstar System in a research note on Monday, July 6th. Truist Financial cut their price objective on shares of Landstar System from $185.00 to $175.00 and set a “hold” rating on the stock in a research note on Wednesday, October 7th. Finally, UBS Group reissued a “neutral” rating and set a $195.00 target price on shares of Landstar System in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $191.14.

About Landstar System

Landstar System, Inc (NASDAQ: LSTR) is an asset-light transportation and logistics company headquartered in Jacksonville, Florida. Through a network of independent owner-operators, agents and third-party capacity providers, the company arranges the movement of freight for commercial and industrial customers.

Landstar’s services include truckload transportation, specialized and heavy-haul freight, expedited and time-critical shipping, less-than-truckload transportation, intermodal services and logistics management.