Wall Street analysts predict that Landstar System, Inc. (NASDAQ:LSTR) will post earnings per share of $1.44 for the current quarter, Zacks reports. Four analysts have made estimates for Landstar System’s earnings. The highest EPS estimate is $1.46 and the lowest is $1.40. Landstar System reported earnings per share of $1.37 in the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The company is expected to issue its next earnings report on Wednesday, April 24th.
According to Zacks, analysts expect that Landstar System will report full year earnings of $6.47 per share for the current financial year, with EPS estimates ranging from $6.25 to $6.70. For the next financial year, analysts forecast that the firm will post earnings of $6.78 per share, with EPS estimates ranging from $6.04 to $7.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Landstar System.
Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, January 30th. The transportation company reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.10. Landstar System had a net margin of 5.61% and a return on equity of 33.82%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the business posted $2.51 earnings per share. Landstar System’s revenue was up 12.4% compared to the same quarter last year.
LSTR traded down $2.76 on Thursday, hitting $101.58. 822,849 shares of the stock were exchanged, compared to its average volume of 374,521. Landstar System has a 12 month low of $90.23 and a 12 month high of $128.70. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 1.18 and a beta of 1.17.
A number of large investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. increased its position in Landstar System by 2.8% during the 4th quarter. Raymond James Trust N.A. now owns 4,090 shares of the transportation company’s stock valued at $391,000 after purchasing an additional 110 shares during the period. BB&T Corp increased its position in Landstar System by 4.4% during the 4th quarter. BB&T Corp now owns 3,887 shares of the transportation company’s stock valued at $372,000 after purchasing an additional 165 shares during the period. Teachers Advisors LLC increased its position in Landstar System by 0.4% during the 3rd quarter. Teachers Advisors LLC now owns 75,942 shares of the transportation company’s stock valued at $9,265,000 after purchasing an additional 306 shares during the period. Arizona State Retirement System increased its position in Landstar System by 1.1% during the 4th quarter. Arizona State Retirement System now owns 29,509 shares of the transportation company’s stock valued at $2,823,000 after purchasing an additional 331 shares during the period. Finally, Cardinal Capital Management increased its position in Landstar System by 2.1% during the 4th quarter. Cardinal Capital Management now owns 16,481 shares of the transportation company’s stock valued at $1,576,000 after purchasing an additional 340 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.
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, including third party logistics and less-than-truckload service providers.
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