Landstar System (NASDAQ:LSTR - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.250-1.450 for the period, compared to the consensus earnings per share estimate of 1.590. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion.
Landstar System Stock Down 1.9 %
Shares of LSTR stock traded down $3.50 during mid-day trading on Wednesday, hitting $177.07. The stock had a trading volume of 545,198 shares, compared to its average volume of 260,428. Landstar System has a 12-month low of $163.37 and a 12-month high of $201.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17. The firm's 50-day moving average is $183.61 and its two-hundred day moving average is $182.44. The firm has a market capitalization of $6.33 billion, a P/E ratio of 26.93 and a beta of 0.80.
Landstar System (NASDAQ:LSTR - Get Free Report) last issued its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.05). Landstar System had a return on equity of 21.69% and a net margin of 4.49%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company earned $1.71 earnings per share. The firm's revenue was down 5.8% on a year-over-year basis. On average, analysts predict that Landstar System will post 5.84 earnings per share for the current fiscal year.
Landstar System Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.81%. Landstar System's dividend payout ratio is presently 22.15%.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. Benchmark reiterated a "hold" rating on shares of Landstar System in a research note on Wednesday, July 31st. Susquehanna raised their target price on shares of Landstar System from $160.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. Raymond James lowered their price objective on Landstar System from $205.00 to $195.00 and set an "outperform" rating for the company in a research report on Wednesday, July 31st. Evercore ISI lowered their price target on Landstar System from $165.00 to $160.00 and set an "in-line" rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group decreased their price objective on shares of Landstar System from $165.00 to $158.00 and set a "sell" rating for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $174.67.
Read Our Latest Stock Report on Landstar System
Landstar System Company Profile
(
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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.
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