Landstar System (NASDAQ:LSTR) Issues Earnings Results, Misses Estimates By $0.25 EPS

Landstar System (NASDAQ:LSTR) issued its earnings results on Tuesday. The transportation company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.25), FiscalAI reports. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Landstar System had a return on equity of 20.84% and a net margin of 2.64%.

Landstar System Trading Up 2.2%

Landstar System stock traded up $3.61 during mid-day trading on Tuesday, reaching $168.78. 377,000 shares of the company traded hands, compared to its average volume of 478,072. Landstar System has a 52-week low of $121.11 and a 52-week high of $228.46. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 43.73 and a beta of 0.90. The firm’s 50 day moving average price is $173.15 and its 200 day moving average price is $176.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.82 and a quick ratio of 1.82.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LSTR. UBS Group restated a “neutral” rating and set a $195.00 price target on shares of Landstar System in a research report on Wednesday, July 29th. Wall Street Zen cut Landstar System from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Robert W. Baird decreased their price objective on Landstar System from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Stephens raised Landstar System to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley restated an “underweight” rating and set a $145.00 target price on shares of Landstar System in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Landstar System has an average rating of “Hold” and an average price target of $191.14.

About Landstar System

Landstar System, Inc (NASDAQ: LSTR) is an asset-light transportation and logistics company headquartered in Jacksonville, Florida. Through a network of independent owner-operators, agents and third-party capacity providers, the company arranges the movement of freight for commercial and industrial customers.

Landstar’s services include truckload transportation, specialized and heavy-haul freight, expedited and time-critical shipping, less-than-truckload transportation, intermodal services and logistics management.