Landstar System, Inc. (NASDAQ:LSTR) is reporting third quarter earnings results on Wednesday 21st October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.37 per share.
For the full year, analysts predict revenues of $ 3823.87 million, while looking forward to income of $ 4.42 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.40 ~ $ 1.46 per share, while revenues are expected in a range of $ 1,020.00 million ~ $ 1,060.00 million
Click Here For More Historical Outlooks Of Landstar System, Inc.
Previous Quarter Performance
Landstar System, Inc. unfold income for the second quarter of $ 0.68 per share, from the revenue of $ 823.51 million. The quarterly earnings declined 55.56 percent while revenues decreased 21.20 percent compared with the same quarter last year.
According to street consensus, LSTR was expected to report 2Q20 income of $ 0.70 per share from revenue of $ 775.35 million. The bottom line results missed street analysts by $ 0.02 or 2.86 percent, at the same time, top line results outshined analysts by $ 48.16 million or 6.21 percent.
Stock Performance
Shares of Landstar System, Inc. traded up $ 1.38 or 1.09 percent on Tuesday, reaching $ 128.29 with volume of 229.90 thousand shares. Landstar System, Inc. has traded high as $ 129.12 and has cracked $ 127.37 on the downward trend
The closing price of $ 128.29, representing a 48.78 % increase from the 52 week low of $ 85.30 and a 9.34 % decrease over the 52 week high of $ 139.99.
The company has a market capital of $ 4.92 billion and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 73.00 target price.
- On 2nd October 2020, downgraded by Susquehanna Bancshares to Neutral from Positive rating.
- On 24th September 2020, initiated by Wells Fargo & Co at Equal-Weight rating, with $ 135.00 target price.
- On 26th August 2020, downgraded by Stifel Nicolaus to Hold from Buy rating.
Recent Stock Dividend Announcement
On July 22, 2020, the board of directors authorized quarterly dividend of 0.21 per share to holders of record as of the close of business on August 10, 2020, with payment date of August 28, 2020 and ex-dividend date on August 7, 2020.
Conference Call
Landstar System, Inc. will be hosting a conference call at 8:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.landstar.com
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.
