Landstar System (NASDAQ:LSTR) Releases Earnings Results, Misses Expectations By $0.04 EPS

Landstar System (NASDAQ:LSTR) announced its earnings results on Wednesday. The transportation company reported $1.31 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 on Wednesday, hitting $172.92. The company had a trading volume of 280,295 shares, compared to its average volume of 308,331. Landstar System has a 1-year low of $164.04 and a 1-year high of $197.16. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 29.66 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21. The company’s fifty day moving average price is $177.80 and its 200 day moving average price is $182.33.

Landstar System Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on LSTR shares. Stephens dropped their target price on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. TD Cowen decreased their target price on Landstar System from $176.00 to $174.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on Landstar System from $184.00 to $188.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group decreased their price objective on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Finally, UBS Group upped their target price on Landstar System from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat.com, Landstar System presently has an average rating of “Hold” and a consensus target price of $172.27.

Insider Buying and Selling

In related news, CFO James P. Todd sold 1,000 shares of the business’s 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 of the company’s stock, valued at approximately $2,595,778.56. The trade was a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

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.