FY2024 EPS Estimates for Landstar System Lowered by Analyst

Landstar System, Inc. (NASDAQ:LSTR) – Equities research analysts at Zacks Research decreased their FY2024 earnings estimates for Landstar System in a research note issued on Tuesday, November 12th. Zacks Research analyst S. Goswami now forecasts that the transportation company will post earnings per share of $5.58 for the year, down from their previous estimate of $5.92. The consensus estimate for Landstar System’s current full-year earnings is $5.61 per share. Zacks Research also issued estimates for Landstar System’s Q4 2024 earnings at $1.37 EPS, Q1 2025 earnings at $1.40 EPS, Q2 2025 earnings at $1.67 EPS, Q3 2025 earnings at $1.81 EPS, FY2025 earnings at $6.87 EPS, Q1 2026 earnings at $1.63 EPS and FY2026 earnings at $7.91 EPS.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 EPS.

Several other analysts have also commented on the company. Stifel Nicolaus cut their price objective on Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Evercore ISI reduced their target price on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Raymond James lowered their price objective on shares of Landstar System from $205.00 to $195.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Stephens decreased their price objective on Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group cut their price target on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Landstar System presently has a consensus rating of “Hold” and an average target price of $174.25.

Landstar System Trading Down 0.3 %

Landstar System stock opened at $189.80 on Thursday. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 32.56 and a beta of 0.81. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $183.78 and its two-hundred day simple moving average is $183.31. Landstar System has a 12 month low of $165.39 and a 12 month high of $201.40.

Landstar System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a yield of 0.76%. Landstar System’s payout ratio is 24.70%.

Insider Transactions at Landstar System

In related news, CFO James P. Todd sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.32, for a total value of $184,320.00. Following the sale, the chief financial officer now owns 14,083 shares in the company, valued at $2,595,778.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV lifted its holdings in Landstar System by 108.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after acquiring an additional 74 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Landstar System by 183.5% in the second quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock worth $76,000 after buying an additional 255 shares during the period. Quest Partners LLC acquired a new position in Landstar System during the second quarter valued at $73,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock worth $83,000 after purchasing an additional 358 shares during the period. Finally, GAMMA Investing LLC boosted its position in Landstar System by 58.1% during the second quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 183 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

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, such as third party logistics and less-than-truckload services.