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

Landstar System (NASDAQ:LSTR - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. 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.

Wall Street Analyst Weigh In

LSTR has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Landstar System from $165.00 to $180.00 and gave the stock an equal weight rating in a research report on Friday, February 2nd. UBS Group upped their price target on shares of Landstar System from $175.00 to $200.00 and gave the company a neutral rating in a research report on Friday, February 2nd. Susquehanna lowered their price objective on Landstar System from $170.00 to $165.00 and set a neutral rating for the company in a research report on Monday, March 25th. Stifel Nicolaus cut their target price on Landstar System from $171.00 to $166.00 and set a hold rating on the stock in a research report on Friday, February 2nd. Finally, Wolfe Research raised Landstar System from a peer perform rating to an outperform rating and set a $205.00 target price for the company in a research note on Wednesday, January 10th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $184.55.

Landstar System Stock Up 3.7 %

LSTR stock traded up $6.33 during trading on Thursday, reaching $177.43. 604,499 shares of the stock were exchanged, compared to its average volume of 275,550. The firm's 50 day moving average is $185.05 and its 200 day moving average is $183.53. The firm has a market cap of $6.34 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 4.54 and a beta of 0.83. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. Landstar System has a twelve month low of $161.13 and a twelve month high of $208.62.

Landstar System (NASDAQ:LSTR - Get Free Report) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.12 billion. As a group, research analysts forecast that Landstar System will post 6.71 EPS for the current year.

Insider Buying and Selling at Landstar System

In other news, VP Michael K. Kneller sold 12,219 shares of the business's stock in a transaction dated Monday, February 5th. The shares were 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 directly owns 61,127 shares of the company's stock, valued at $11,632,468.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.00% 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, such as third party logistics and less-than-truckload services.