Landstar System - LSTR Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Landstar System in the last year. There are currently 1 sell rating and 9 hold ratings for the stock. The consensus among Wall Street equities research 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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10 equities research analysts have issued 1-year price objectives for Landstar System's shares. Their LSTR share price forecasts range from $120.00 to $190.00. On average, they expect the company's stock price to reach $162.08 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price.
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Landstar System's stock was trading at $179.02 at the beginning of 2022. Since then, LSTR shares have decreased by 11.0% and is now trading at $159.40.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our LSTR earnings forecast.

Landstar System, Inc. (NASDAQ:LSTR) issued its quarterly earnings data on Wednesday, July, 20th. The transportation company reported $3.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.25 by $0.20. The transportation company earned $1.98 billion during the quarter, compared to the consensus estimate of $2.02 billion. Landstar System had a trailing twelve-month return on equity of 51.73% and a net margin of 5.89%. The company's revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the company earned $2.40 EPS.

Landstar System announced a quarterly dividend on Wednesday, July 20th. Stockholders of record on Monday, August 8th will be given a dividend of $0.30 per share on Friday, August 26th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, August 5th. This is an increase from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for LSTR.

Landstar System (NASDAQ:LSTR) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.78%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 10.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LSTR will have a dividend payout ratio of 12.82% 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 2022 earnings guidance on Wednesday, August, 3rd. The company provided EPS guidance of $2.75-$2.85 for the period, compared to the consensus EPS estimate of $2.71. The company issued revenue guidance of $1.80 billion-$1.85 billion, compared to the consensus revenue estimate of $1.77 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 variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (9.20%), Victory Capital Management Inc. (4.28%), Price T Rowe Associates Inc. MD (4.19%), State Street Corp (3.08%), JPMorgan Chase & Co. (2.54%) and FMR LLC (2.32%). Insiders that own company stock include Diana M Murphy, Dr Homaira Akbari, James B Gattoni, Joseph J Beacom, L Kevin Stout, Larry J Thoele and Michael K Kneller.
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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 $159.40.

Landstar System (NASDAQ:LSTR) has a market capitalization of $5.81 billion and generates $6.54 billion in revenue each year. The transportation company earns $381.52 million in net income (profit) each year or $11.96 on an earnings per share basis.

The company employs 1,399 workers across the globe.

Landstar System was founded in 1988.

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.