Landstar System, Inc. (NASDAQ:LSTR) – Equities researchers at Oppenheimer Holdings raised their FY2017 earnings estimates for Landstar System in a report released on Monday. Oppenheimer Holdings analyst S. Schneeberger now expects that the transportation company will post earnings per share of $3.67 for the year, up from their previous forecast of $3.53. Oppenheimer Holdings also issued estimates for Landstar System’s Q4 2017 earnings at $1.00 EPS, Q1 2018 earnings at $0.92 EPS, Q2 2018 earnings at $1.05 EPS, Q3 2018 earnings at $1.07 EPS, Q4 2018 earnings at $1.14 EPS, FY2018 earnings at $4.17 EPS and FY2019 earnings at $4.60 EPS.
Several other analysts also recently commented on the stock. Credit Suisse Group reiterated a “neutral” rating and issued a $97.00 price target (up previously from $84.00) on shares of Landstar System in a research report on Tuesday. Buckingham Research boosted their price objective on shares of Landstar System from $103.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Wells Fargo & Company boosted their price objective on shares of Landstar System from $83.00 to $98.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Cowen and Company reissued a “hold” rating and issued a $97.00 price objective on shares of Landstar System in a research note on Friday, October 27th. Finally, Zacks Investment Research raised shares of Landstar System from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $96.67.
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Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.05. The firm had revenue of $943.40 million for the quarter, compared to analyst estimates of $895.31 million. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Tuesday, November 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Landstar System’s dividend payout ratio (DPR) is presently 11.08%.
Several large investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Landstar System by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,119 shares of the transportation company’s stock worth $524,000 after purchasing an additional 17 shares during the period. Capstone Asset Management Co. grew its stake in shares of Landstar System by 0.4% during the 2nd quarter. Capstone Asset Management Co. now owns 4,531 shares of the transportation company’s stock worth $388,000 after purchasing an additional 20 shares during the period. BB&T Corp grew its stake in shares of Landstar System by 1.3% during the 2nd quarter. BB&T Corp now owns 3,033 shares of the transportation company’s stock worth $260,000 after purchasing an additional 39 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Landstar System by 0.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 8,770 shares of the transportation company’s stock worth $751,000 after purchasing an additional 40 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of Landstar System by 2.9% during the 2nd quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock worth $141,000 after purchasing an additional 47 shares during the period. 97.36% of the stock is currently owned by institutional investors and hedge funds.
Landstar System Company Profile
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
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