Wall Street brokerages forecast that Landstar System, Inc. (NASDAQ:LSTR) will announce $1.20 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Landstar System’s earnings. The lowest sales estimate is $1.18 billion and the highest is $1.22 billion. Landstar System reported sales of $943.43 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.2%. The company is expected to issue its next quarterly earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Landstar System will report full-year sales of $4.65 billion for the current fiscal year, with estimates ranging from $4.59 billion to $4.70 billion. For the next fiscal year, analysts expect that the business will post sales of $4.88 billion per share, with estimates ranging from $4.81 billion to $4.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Landstar System.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Landstar System had a net margin of 5.38% and a return on equity of 31.06%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The company’s revenue was up 35.9% compared to the same quarter last year.

A number of research analysts recently issued reports on the company. ValuEngine upgraded Landstar System from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. BidaskClub downgraded Landstar System from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 14th. Wells Fargo & Co upgraded Landstar System from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $115.65 to $98.00 in a research note on Wednesday, August 22nd. Stifel Nicolaus assumed coverage on Landstar System in a research note on Tuesday, June 19th. They set a “hold” rating and a $123.00 price target on the stock. Finally, Zacks Investment Research downgraded Landstar System from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Landstar System currently has an average rating of “Buy” and a consensus target price of $119.25.

LSTR opened at $124.00 on Wednesday. The stock has a market capitalization of $5.12 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 1.52 and a beta of 0.87. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.10. Landstar System has a one year low of $94.80 and a one year high of $128.70.

The business also recently announced a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Monday, August 13th were paid a $0.165 dividend. This is an increase from Landstar System’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, August 10th. Landstar System’s dividend payout ratio (DPR) is 17.60%.

In other Landstar System news, COO Joseph J. Beacom sold 3,000 shares of Landstar System stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $119.52, for a total value of $358,560.00. Following the transaction, the chief operating officer now directly owns 33,702 shares in the company, valued at approximately $4,028,063.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in LSTR. Point72 Asia Hong Kong Ltd lifted its holdings in shares of Landstar System by 890.7% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,070 shares of the transportation company’s stock valued at $117,000 after buying an additional 962 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Landstar System in the 2nd quarter valued at approximately $205,000. NumerixS Investment Technologies Inc lifted its holdings in shares of Landstar System by 216.7% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the transportation company’s stock valued at $209,000 after buying an additional 1,300 shares during the period. Hartford Investment Management Co. acquired a new stake in shares of Landstar System in the 2nd quarter valued at approximately $208,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of Landstar System in the 1st quarter valued at approximately $234,000. Institutional investors own 97.30% of the company’s stock.

Landstar System Company Profile

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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