Landstar System (LSTR) Releases Q2 Earnings Guidance

Landstar System (NASDAQ: LSTR) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.63-0.68 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.71, ARN reports. The company issued revenue guidance of $660-700 million, compared to the consensus revenue estimate of $722.22 million.

Shares of Landstar System (NASDAQ: LSTR) traded down 2.10% during mid-day trading on Tuesday, hitting $53.49. Landstar System has a 52 week low of $46.01 and a 52 week high of $59.97. The stock’s 50-day moving average is currently $55.73. The company has a market cap of $2.491 billion and a P/E ratio of 19.72.

Landstar System (NASDAQ: LSTR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.57 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.57. The company had revenue of $628.30 million for the quarter, compared to the consensus estimate of $646.32 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Landstar System has set its Q2 guidance at $0.68-0.73 EPS. On average, analysts predict that Landstar System will post $2.84 earnings per share for the current fiscal year.

LSTR has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of Landstar System from a neutral rating to a sell rating in a research note to investors on Friday, May 3rd. They now have a $52.00 price target on the stock. On a related note, analysts at Oppenheimer cut their price target on shares of Landstar System from $63.00 to $60.00 in a research note to investors on Monday, April 29th. They now have an outperform rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Landstar System from $56.00 to $54.00 in a research note to investors on Friday, April 26th. They now have a hold rating on the stock.

One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $56.43.

Landstar System, Inc. is a provider of freight transportation services and supply chain solutions. The Company offers shippers services across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise-wide solutions to manage all of a shipper’s transportation and logistics needs.

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