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

Key Points

• Landstar System reported quarterly EPS of $1.42, missing analysts’ consensus estimate of $1.67 by $0.25. Revenue was $1.51 billion, slightly above expectations of $1.50 billion.
• The company posted a 2.64% net margin and 20.84% return on equity, while maintaining relatively low leverage with a debt-to-equity ratio of 0.05.
• Analysts have an overall “Hold” rating on the stock, with a consensus price target of $191.14; shares traded at $168.78 after rising $3.61 during Tuesday’s session.

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

Landstar System Price Performance

LSTR traded up $3.61 during midday trading on Tuesday, hitting $168.78. The stock had a trading volume of 377,000 shares, compared to its average volume of 478,072. Landstar System has a 1 year low of $121.11 and a 1 year high of $228.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.82 and a current ratio of 1.82. The business has a fifty day moving average of $173.15 and a 200 day moving average of $176.65. The company has a market cap of $5.73 billion, a P/E ratio of 43.73 and a beta of 0.90.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LSTR shares. TD Cowen decreased their price target on shares of Landstar System from $182.00 to $178.00 and set a "hold" rating on the stock in a report on Tuesday, July 28th. Wolfe Research raised shares of Landstar System from a "peer perform" rating to an "outperform" rating and set a $214.00 price objective for the company in a report on Tuesday, August 4th. Janney Montgomery Scott set a $182.00 target price on shares of Landstar System in a research report on Wednesday, July 29th. Stephens upgraded Landstar System to a "strong-buy" rating in a research report on Wednesday, July 8th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Landstar System currently has an average rating of "Hold" and a consensus target price 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.

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