Brokerages expect that Landstar System, Inc. (NASDAQ:LSTR) will announce earnings of $1.23 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Landstar System’s earnings. The highest EPS estimate is $1.27 and the lowest is $1.21. Landstar System reported earnings per share of $0.77 in the same quarter last year, which suggests a positive year-over-year growth rate of 59.7%. The firm is expected to announce its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Landstar System will report full-year earnings of $5.12 per share for the current year, with EPS estimates ranging from $4.28 to $5.57. For the next year, analysts anticipate that the firm will report earnings of $5.70 per share, with EPS estimates ranging from $5.06 to $6.09. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Landstar System.
Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, January 31st. The transportation company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Landstar System had a net margin of 4.86% and a return on equity of 25.30%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS.
Several institutional investors have recently bought and sold shares of LSTR. First Manhattan Co. purchased a new position in shares of Landstar System during the fourth quarter valued at approximately $104,000. Zions Bancorporation acquired a new stake in Landstar System during the 3rd quarter worth $167,000. Advisory Services Network LLC raised its stake 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 worth $188,000 after acquiring an additional 1,728 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Landstar System during the 3rd quarter worth $210,000. Finally, Strategic Global Advisors LLC acquired a new stake in Landstar System during the 3rd quarter worth $212,000. Institutional investors own 98.57% of the company’s stock.
Shares of Landstar System (LSTR) opened at $112.65 on Monday. The stock has a market cap of $4,730.29, a price-to-earnings ratio of 26.76, a PEG ratio of 1.63 and a beta of 0.80. 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 52 week low of $80.00 and a 52 week high of $118.60.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Monday, February 19th will be paid a $0.15 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.53%. This is an increase from Landstar System’s previous quarterly dividend of $0.10. Landstar System’s dividend payout ratio is presently 14.25%.
Landstar System announced that its board has authorized a stock repurchase program on Wednesday, December 13th that authorizes the company to repurchase 1,960,000 outstanding shares. This repurchase authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
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About Landstar System
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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