Landstar System (NASDAQ:LSTR) Releases Q2 2024 Earnings Guidance

Landstar System (NASDAQ:LSTR) updated its second quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.350-1.550 for the period, compared to the consensus EPS estimate of 1.790. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. Landstar System also updated its Q2 guidance to $1.35-1.55 EPS.

Landstar System Trading Up 3.8 %

Shares of NASDAQ LSTR traded up $6.53 during trading on Thursday, hitting $177.63. 166,452 shares of the company were exchanged, compared to its average volume of 270,268. The firm has a market capitalization of $6.35 billion, a PE ratio of 23.81, a P/E/G ratio of 4.54 and a beta of 0.83. Landstar System has a 12-month low of $161.13 and a 12-month high of $208.62. The company has a fifty day moving average price of $185.05 and a 200-day moving average price of $183.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.00.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.04. Landstar System had a return on equity of 26.73% and a net margin of 4.99%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. As a group, equities research analysts expect that Landstar System will post 6.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LSTR. Stifel Nicolaus lowered their target price on Landstar System from $171.00 to $166.00 and set a hold rating on the stock in a report on Friday, February 2nd. Wolfe Research upgraded Landstar System from a peer perform rating to an outperform rating and set a $205.00 target price on the stock in a research report on Wednesday, January 10th. UBS Group raised their price objective on Landstar System from $175.00 to $200.00 and gave the stock a neutral rating in a report on Friday, February 2nd. Susquehanna dropped their target price on Landstar System from $170.00 to $165.00 and set a neutral rating on the stock in a report on Monday, March 25th. Finally, Wells Fargo & Company raised their target price on Landstar System from $165.00 to $180.00 and gave the company an equal weight rating in a report on Friday, February 2nd. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $184.55.

Insider Activity

In related news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the sale, the vice president now owns 61,127 shares in the company, valued at approximately $11,632,468.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

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.