Landstar System (LSTR) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Landstar System in the last twelve months. There are currently 8 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.
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9 Wall Street analysts have issued twelve-month price objectives for Landstar System's stock. Their LSTR share price forecasts range from $145.00 to $200.00. On average, they predict the company's share price to reach $166.83 in the next twelve months. This suggests that the stock has a possible downside of 8.5%.
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Landstar System's stock was trading at $162.90 at the beginning of the year. Since then, LSTR shares have increased by 12.0% and is now trading at $182.42.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our LSTR earnings forecast.

Landstar System, Inc. (NASDAQ:LSTR) issued its earnings results on Wednesday, April, 26th. The transportation company reported $2.17 earnings per share for the quarter, topping analysts' consensus estimates of $2.07 by $0.10. The transportation company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Landstar System had a trailing twelve-month return on equity of 43.26% and a net margin of 5.57%. The company's revenue was down 27.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.34 earnings per share.

Landstar System announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Thursday, May 4th will be paid a dividend of $0.30 per share on Friday, May 26th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, May 3rd.
Read our dividend analysis for LSTR.

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

Landstar System (NASDAQ:LSTR) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.66%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 11.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LSTR will have a dividend payout ratio of 13.02% 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 second quarter earnings guidance on Tuesday, May, 23rd. The company provided earnings per share (EPS) guidance of $1.75-1.85 for the period, compared to the consensus estimate of $1.97. The company issued revenue guidance of $1.325-1.375 billion, compared to the consensus revenue estimate of $1.42 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.38%), Kayne Anderson Rudnick Investment Management LLC (9.11%), Boston Partners (4.67%), Victory Capital Management Inc. (4.19%), State Street Corp (3.05%) and FMR LLC (2.26%). Insiders that own company stock include Diana M Murphy, Dr Homaira Akbari, James B Gattoni, Joseph J Beacom, L Kevin Stout, Larry J Thoele, 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 $182.42.

Landstar System (NASDAQ:LSTR) has a market capitalization of $6.55 billion and generates $7.44 billion in revenue each year. The transportation company earns $430.91 million in net income (profit) each year or $10.58 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.