Landstar System (NASDAQ:LSTR) Updates Q1 Earnings Guidance

Landstar System (NASDAQ:LSTR - Get Free Report) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.90-0.95 for the period, compared to the consensus estimate of $1.14. The company issued revenue guidance of at or near high end of $1.075-1.175 billion, compared to the consensus revenue estimate of $1.13 billion.

Landstar System Stock Down 1.4 %

Shares of LSTR stock traded down $1.99 during trading hours on Friday, reaching $136.64. 562,916 shares of the company's stock were exchanged, compared to its average volume of 278,323. The company has a current ratio of 1.96, a quick ratio of 2.21 and a debt-to-equity ratio of 0.07. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 24.75 and a beta of 0.82. Landstar System has a fifty-two week low of $132.41 and a fifty-two week high of $196.86. The stock's 50 day moving average is $156.41 and its 200-day moving average is $172.43.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. Analysts predict that Landstar System will post 6.1 earnings per share for the current fiscal year.

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Landstar System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Tuesday, February 18th. Landstar System's dividend payout ratio (DPR) is presently 26.09%.

Analyst Ratings Changes

LSTR has been the subject of a number of research analyst reports. Benchmark reaffirmed a "hold" rating on shares of Landstar System in a report on Thursday. Truist Financial reduced their target price on Landstar System from $160.00 to $150.00 and set a "hold" rating for the company in a research note on Thursday. TD Cowen cut their price objective on Landstar System from $161.00 to $145.00 and set a "hold" rating on the stock in a report on Thursday. Stifel Nicolaus raised their price objective on Landstar System from $164.00 to $169.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Susquehanna cut their price target on shares of Landstar System from $150.00 to $130.00 and set a "neutral" rating on the stock in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat, Landstar System presently has a consensus rating of "Hold" and a consensus price target of $160.45.

About Landstar System

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.