Landstar System - LSTR Stock Forecast, Price & News

8 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 7 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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8 analysts have issued 12-month price targets for Landstar System's stock. Their LSTR share price forecasts range from $120.00 to $182.00. On average, they anticipate the company's share price to reach $153.55 in the next twelve months. This suggests that the stock has a possible downside of 11.0%.
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Landstar System's stock was trading at $179.02 at the beginning of 2022. Since then, LSTR stock has decreased by 3.6% and is now trading at $172.52.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our LSTR earnings forecast.

Landstar System, Inc. (NASDAQ:LSTR) released its quarterly earnings data on Wednesday, October, 19th. The transportation company reported $2.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.76. The transportation company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.79 billion. Landstar System had a trailing twelve-month return on equity of 52.31% and a net margin of 5.85%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $2.58 earnings per share.

Landstar System declared a quarterly dividend on Wednesday, October 19th. Stockholders of record on Tuesday, November 8th will be paid a dividend of $0.30 per share on Friday, December 2nd. This represents a $1.20 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Monday, November 7th.
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 0.70%. 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 9.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LSTR will have a dividend payout ratio of 13.10% 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 fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $2.60-$2.70 for the period, compared to the consensus earnings per share estimate of $2.56. The company issued revenue guidance of $1.77 billion-$1.82 billion, compared to the consensus revenue estimate of $1.73 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (9.90%), Vanguard Group Inc. (9.74%), Kayne Anderson Rudnick Investment Management LLC (9.21%), Boston Partners (4.63%), Victory Capital Management Inc. (4.35%) and Dimensional Fund Advisors LP (1.62%). 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 $172.52.

Landstar System (NASDAQ:LSTR) has a market capitalization of $6.20 billion and generates $6.54 billion in revenue each year. The transportation company earns $381.52 million in net income (profit) each year or $12.14 on an earnings per share basis.

The company employs 1,399 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.