Landstar System (LSTR) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Landstar System in the last twelve months. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LSTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LSTR, but not buy additional shares or sell existing shares.
View LSTR analyst ratings or view top-rated stocks.

8 Wall Street analysts have issued 1 year target prices for Landstar System's stock. Their LSTR share price forecasts range from $145.00 to $215.00. On average, they expect the company's share price to reach $179.77 in the next year. This suggests a possible upside of 0.4% from the stock's current price.
View analysts price targets for LSTR or view top-rated stocks among Wall Street analysts.

Landstar System's stock was trading at $162.90 on January 1st, 2023. Since then, LSTR stock has increased by 9.9% and is now trading at $179.08.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our LSTR earnings forecast.

Landstar System will be holding an earnings conference call on Thursday, October 26th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Landstar System, Inc. (NASDAQ:LSTR) announced its earnings results on Wednesday, July, 26th. The transportation company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.80 by $0.05. The transportation company earned $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Landstar System had a net margin of 5.37% and a trailing twelve-month return on equity of 36.67%. Landstar System's revenue for the quarter was down 30.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.05 earnings per share.

Landstar System declared a quarterly dividend on Wednesday, July 26th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.33 per share on Friday, August 25th. This represents a $1.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, August 9th. This is a boost from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for LSTR.

ETFs with the largest weight of Landstar System (NASDAQ:LSTR) stock in their portfolio include VictoryShares THB Mid Cap ESG ETF (MDCP), Ballast Small/Mid Cap ETF (MGMT), Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), ProShares Supply Chain Logistics ETF (SUPL), SPDR S&P Transportation ETF (XTN), Victoryshares Dividend Accelerator ETF (VSDA) and Opus Small Cap Value Plus ETF (OSCV).

Landstar System (NASDAQ:LSTR) pays an annual dividend of $1.32 per share and currently has a dividend yield of 0.73%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 14.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LSTR will have a dividend payout ratio of 15.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LSTR.

Landstar System issued an update on its third quarter earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $1.65-$1.75 for the period, compared to the consensus earnings per share estimate of $1.94. The company issued revenue guidance of $1.275-$1.325 billion, compared to the consensus revenue estimate of $1.39 billion.

45 employees have rated Landstar System Chief Executive Officer Jim B. Gattoni on Glassdoor.com. Jim B. Gattoni has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Landstar System investors own include AbbVie (ABBV), Cisco Systems (CSCO), Pfizer (PFE), Advanced Micro Devices (AMD), Intel (INTC), Procter & Gamble (PG), Verizon Communications (VZ), Boeing (BA), Gilead Sciences (GILD) and General Mills (GIS).

Landstar System trades on the NASDAQ under the ticker symbol "LSTR."

Landstar System's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.41%), Kayne Anderson Rudnick Investment Management LLC (8.91%), Boston Partners (4.55%), Victory Capital Management Inc. (4.31%), State Street Corp (3.00%) and JPMorgan Chase & Co. (2.16%). Insiders that own company stock include Dr Homaira Akbari, James B Gattoni, Joseph J Beacom, L Kevin Stout, Michael K Kneller and Ricardo S Coro.
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Shares of LSTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LSTR stock can currently be purchased for approximately $179.08.

Landstar System (NASDAQ:LSTR) has a market capitalization of $6.44 billion and generates $7.44 billion in revenue each year. The transportation company earns $430.91 million in net income (profit) each year or $9.38 on an earnings per share basis.

The company employs 1,449 workers across the globe.

Landstar System's mailing address is 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL, 32224. The official website for the company is www.landstar.com. The transportation company can be reached via phone at (904) 398-9400, via email at staylor@landstar.com, or via fax at 904-390-1437.