Landstar System (NASDAQ:LSTR) Issues Earnings Results, Misses Estimates By $0.04 EPS

Landstar System (NASDAQ:LSTR) released its quarterly earnings data on Wednesday. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04), Zacks reports. Landstar System had a net margin of 4.32% and a return on equity of 20.68%.

Landstar System Stock Performance

LSTR traded down $3.06 during midday trading on Wednesday, reaching $172.92. The company had a trading volume of 280,295 shares, compared to its average volume of 308,331. The business has a 50-day moving average of $177.80 and a two-hundred day moving average of $182.33. 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 1 year low of $164.04 and a 1 year high of $197.16. The company has a market cap of $6.11 billion, a P/E ratio of 29.66 and a beta of 0.83.

Landstar System Increases Dividend

The business also recently announced a special dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This is an increase from Landstar System’s previous special dividend of $1.50. Landstar System’s payout ratio is 24.70%.

Analysts Set New Price Targets

LSTR has been the topic of a number of research analyst reports. Stephens lowered their price target on Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on shares of Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Stifel Nicolaus raised their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Susquehanna decreased their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Evercore ISI dropped their target price on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $172.27.

Insider Activity

In related news, CFO James P. Todd sold 1,000 shares of Landstar System stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total transaction of $184,320.00. Following the transaction, the chief financial officer now owns 14,083 shares in the company, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Landstar System Company Profile

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.