Landstar System (NASDAQ: LSTR) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.63-0.68 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.71, ARN reports. The company issued revenue guidance of $660-700 million, compared to the consensus revenue estimate of $722.22 million.
Shares of Landstar System (NASDAQ: LSTR) traded down 2.10% during mid-day trading on Tuesday, hitting $53.49. Landstar System has a 52 week low of $46.01 and a 52 week high of $59.97. The stock’s 50-day moving average is currently $55.73. The company has a market cap of $2.491 billion and a P/E ratio of 19.72.
Landstar System (NASDAQ: LSTR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.57 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.57. The company had revenue of $628.30 million for the quarter, compared to the consensus estimate of $646.32 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Landstar System has set its Q2 guidance at $0.68-0.73 EPS. On average, analysts predict that Landstar System will post $2.84 earnings per share for the current fiscal year.
One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $56.43.
Landstar System, Inc. is a provider of freight transportation services and supply chain solutions. The Company offers shippers services across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise-wide solutions to manage all of a shipper’s transportation and logistics needs.
