Landstar System (NASDAQ:LSTR) Issues Q4 Earnings Guidance

Landstar System (NASDAQ:LSTR) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.25-1.45 for the period, compared to the consensus estimate of $1.57. The company issued revenue guidance of $1.15-1.25 billion, compared to the consensus revenue estimate of $1.24 billion.

Landstar System Price Performance

Shares of LSTR traded down $1.07 during trading hours on Tuesday, reaching $180.57. 330,767 shares of the company traded hands, compared to its average volume of 259,065. The stock has a market capitalization of $6.46 billion, a PE ratio of 27.94 and a beta of 0.80. The stock has a fifty day simple moving average of $183.68 and a 200 day simple moving average of $182.43. Landstar System has a fifty-two week low of $162.40 and a fifty-two week high of $201.40. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group cut 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. Evercore ISI cut their price target on Landstar System from $167.00 to $165.00 and set an “in-line” rating for the company in a report on Thursday, October 3rd. Susquehanna raised their price objective on Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Stifel Nicolaus lowered their price objective on Landstar System from $164.00 to $160.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Finally, Raymond James reduced their target price on Landstar System from $205.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $176.09.

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.