Zacks Research Lowers Earnings Estimates for Landstar System

Landstar System, Inc. (NASDAQ:LSTR - Free Report) - Research analysts at Zacks Research dropped their FY2024 earnings estimates for shares of Landstar System in a research report issued on Tuesday, November 12th. Zacks Research analyst S. Goswami now anticipates that the transportation company will post earnings of $5.58 per share for the year, down from their previous estimate of $5.92. The consensus estimate for Landstar System's current full-year earnings is $5.61 per share. Zacks Research also issued estimates for Landstar System's Q4 2024 earnings at $1.37 EPS, Q1 2025 earnings at $1.40 EPS, Q2 2025 earnings at $1.67 EPS, Q3 2025 earnings at $1.81 EPS, FY2025 earnings at $6.87 EPS, Q1 2026 earnings at $1.63 EPS and FY2026 earnings at $7.91 EPS.

A number of other equities research analysts also recently weighed in on the stock. Stephens lowered their price objective on shares of Landstar System from $190.00 to $180.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus lowered their price objective on shares of Landstar System from $164.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, August 1st. Raymond James lowered their price objective on shares of 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 objective on shares of Landstar System from $165.00 to $160.00 and set an "in-line" rating for the company in a research report on Wednesday, October 30th. Finally, UBS Group boosted their price objective on shares of Landstar System from $184.00 to $186.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Landstar System presently has a consensus rating of "Hold" and an average price target of $174.25.

Landstar System Stock Down 1.7 %

Shares of LSTR traded down $3.24 during midday trading on Thursday, hitting $186.56. The company had a trading volume of 74,895 shares, compared to its average volume of 257,054. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. Landstar System has a 52 week low of $165.39 and a 52 week high of $201.40. The company's 50 day moving average price is $183.78 and its 200 day moving average price is $183.31. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 32.56 and a beta of 0.81.

Landstar System (NASDAQ:LSTR - Get Free Report) last released its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. Landstar System had a return on equity of 20.68% and a net margin of 4.32%. Landstar System's revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 EPS.

Institutional Investors Weigh In On Landstar System

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Landstar System by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,480,039 shares of the transportation company's stock valued at $670,812,000 after acquiring an additional 25,387 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Landstar System by 6.2% during the second quarter. Victory Capital Management Inc. now owns 1,697,093 shares of the transportation company's stock valued at $313,080,000 after acquiring an additional 99,461 shares during the period. Boston Partners increased its stake in Landstar System by 1.0% in the 1st quarter. Boston Partners now owns 1,586,286 shares of the transportation company's stock valued at $305,671,000 after buying an additional 15,424 shares during the period. Dimensional Fund Advisors LP increased its stake in Landstar System by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 594,895 shares of the transportation company's stock valued at $109,743,000 after buying an additional 37,020 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in Landstar System by 2.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 429,315 shares of the transportation company's stock valued at $82,755,000 after buying an additional 10,538 shares during the period. Institutional investors and hedge funds own 97.95% of the company's stock.

Insider Transactions at Landstar System

In related news, CFO James P. Todd sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the sale, the chief financial officer now directly owns 14,083 shares in the company, valued at $2,595,778.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company's stock.

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 paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, November 19th. Landstar System's dividend payout ratio is currently 24.70%.

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.