Landstar System (NASDAQ:LSTR) Issues Q4 Earnings Guidance

Landstar System (NASDAQ:LSTR) updated its fourth quarter earnings guidance on Tuesday. 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 Stock Performance

Shares of LSTR stock traded down $1.07 during trading hours on Tuesday, hitting $180.57. The stock had a trading volume of 330,767 shares, compared to its average volume of 259,065. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market capitalization of $6.46 billion, a PE ratio of 27.94 and a beta of 0.80. The stock’s 50 day moving average is $183.68 and its 200 day moving average is $182.43. Landstar System has a twelve month low of $162.40 and a twelve month high of $201.40.

Analysts Set New Price Targets

A number of brokerages have recently commented on LSTR. The Goldman Sachs Group reduced their target price on shares of Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Raymond James decreased their price objective on Landstar System from $205.00 to $195.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on Landstar System from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Wolfe Research lowered shares of Landstar System from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $176.09.

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.