Ultime notizie per Landstar System (NASDAQ:LSTR) Azioni

Landstar System

Landstar System is an agent based asset-light third-party logistics provider focused on domestic truck brokerage (90% of revenue). Historically, around half of its truck transportation freight is hauled by leased owner-operators with the remainder hauled by third-party broker-carriers. To a smaller degree, it offers intermodal, global air and ocean forwarding, and warehousing services. Landstar also runs a small business that offers insurance programs to captive owner-operators. It has a long history of industry-leading execution and operating profitability.

Landstar System Inc

Susquehanna analyst Bascome Majors maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Neutral and lowers the price target from $165 to $160.

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Analyst Ratings

LSTR

Susquehanna Maintains Neutral on Landstar System, Lowers Price Target to $160

TD Cowen analyst Jason Seidl maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Hold and lowers the price target from $176 to $174.

TD Cowen Maintains Hold on Landstar System, Lowers Price Target to $174

Stephens &amp; Co. analyst Jack Atkins maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Equal-Weight and lowers the price target from $190 to $180.

Stephens & Co. Maintains Equal-Weight on Landstar System, Lowers Price Target to $180

JP Morgan analyst Brian Ossenbeck maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Neutral and raises the price target from $184 to $188.

JP Morgan Maintains Neutral on Landstar System, Raises Price Target to $188

Evercore ISI Group analyst Jonathan Chappell maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a In-Line and lowers the price target from $165 to $160.

Evercore ISI Group Maintains In-Line on Landstar System, Lowers Price Target to $160

UBS analyst Thomas Wadewitz maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Neutral and raises the price target from $184 to $186.

UBS Maintains Neutral on Landstar System, Raises Price Target to $186

Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) reported quarterly earnings of $1.41 per share which missed the analyst consensus estimate of $1.45 by 2.76 percent. This is a 17.54 percent decrease over earnings of $1.71 per share from the same period last year. The company reported quarterly sales of $1.21 billion which missed the analyst consensus estimate of $1.22 billion by 0.49 percent. This is a 5.82 percent decrease over sales of $1.29 billion the same period last year.

Earnings

Earnings Misses

Landstar System Q3 EPS $1.41 Misses $1.45 Estimate, Sales $1.21B Miss $1.22B Estimate

Landstar System (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lstr#NASDAQ">LSTR</a>) is benefiting from its robust financial stability and strong liquidity. The shareholder-friendly approach also bodes well for the company. However, the company is grappling with the freight market downturn.
<h2>Factors Favoring LSTR</h2>
Landstar&#39;s commitment to shareholder value is commendable, as the company consistently returns significant capital to its investors through stock repurchase programs and dividends. In the first half of 2024, Landstar repurchased shares of its common stock for a total of $57 million and paid $95 million in dividends. Moreover, in August 2024, LSTR paid a quarterly dividend of $0.36 per share to its stockholders. This quarterly dividend includes a 9% increase to its regular quarterly dividend.
Despite the softness prevailing in the freight environment, the company demonstrates strong financial stability and cash-generating capabilities. By the end of the second quarter of 2024, LSTR reported cash and short-term investments totaling $504 million. For the first half of 2024, cash flow from operations reached $142 million, while cash capital expenditures amounted to $17 million.
The company exited the second quarter of&nbsp;2024 with a current ratio (a&nbsp;measure of liquidity) of 2.17. A current ratio of greater than 1 is always desirable as it indicates that the company has enough cash to meet its short-term obligations.
Shares of LSTR have rallied 4.3% over the past year compared to the&nbsp;industry&#39;s decline of 4.9% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2f/80936.jpg?v=1698351877" />
Image Source: Zacks Investment Research
<h2>LSTR: Key Risks to Watch </h2>
The company&#39;s prospects are being negatively affected by softness in freight market demand. In the second quarter of 2024, total loadings of machinery dropped by 12% year over year. Similarly, loadings for automotive equipment and parts fell by 1%, while building products and hazardous materials decreased by 1% and 14%, respectively.
Moreover, substitute linehaul loadings, which had been one of the strongest performers during the pandemic and are highly sensitive to consumer demand, decreased by 29% compared to the second quarter of 2023.
As a result, Landstar&#39;s top line is expected to remain weak in the near term. For the third quarter of 2024, the company anticipates a decline in truckloads in the range of 6-10% year over year.
The trucking industry is also grappling with a persistent driver shortage. As seasoned drivers retire, companies struggle to attract new talent, particularly from younger generations, who may not find the profession appealing.
<h2>LSTR&#39;s Zacks Rank</h2>
LSTR currently carries a Zacks Rank #3 (Hold).
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include Ryanair (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ryaay#NASDAQ">RYAAY</a>) and Canadian Pacific Kansas City Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cp#NYSE">CP</a>).
Ryanair currently sports a Zacks Rank #1 (Strong Buy).&nbsp;RYAAY has an expected earnings growth rate of 10% for the current year.
The company has a discouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, delivering an average miss of 30%. Shares of RYAAY have risen 10.2% in the past year.
Canadian Pacific also sports a Zacks Rank #1 at present and has an expected earnings growth rate of 0.3% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 2.2%. CP shares have rallied 10.6% in the past year.
<a href="https://www.zacks.com/stock/news/2348380/here-s-why-investors-should-hold-on-to-landstar-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2348380">To read this article on Zacks.com click here.</a>

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Here's Why Investors Should Hold on to Landstar Stock Now

Goldman Sachs analyst Jordan Alliger maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Sell and lowers the price target from $165 to $158.

Goldman Sachs Maintains Sell on Landstar System, Lowers Price Target to $158

Evercore ISI Group analyst Jonathan Chappell maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a In-Line and lowers the price target from $167 to $165.

Evercore ISI Group Maintains In-Line on Landstar System, Lowers Price Target to $165

Stifel analyst J. Bruce Chan maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Hold and lowers the price target from $164 to $160.

Stifel Maintains Hold on Landstar System, Lowers Price Target to $160

TD Cowen analyst Jason Seidl maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Hold and raises the price target from $171 to $176.

TD Cowen Maintains Hold on Landstar System, Raises Price Target to $176

JP Morgan analyst Brian Ossenbeck maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Neutral and raises the price target from $182 to $188.

Benchmark analyst Christopher Kuhn reiterates Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on Landstar System

Raymond James analyst Felix Boeschen maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Outperform and lowers the price target from $205 to $195.

Raymond James Maintains Outperform on Landstar System, Lowers Price Target to $195

Susquehanna analyst Bascome Majors maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Neutral and raises the price target from $160 to $165.

Susquehanna Maintains Neutral on Landstar System, Raises Price Target to $165

Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) reported quarterly earnings of $1.48 per share which beat the analyst consensus estimate of $1.46 by 1.37 percent. The company reported quarterly sales of $1.225 billion which missed the analyst consensus estimate of $1.248 billion by 1.86 percent. This is a 10.84 percent decrease over sales of $1.374 billion the same period last year.

Earnings Beats

Landstar System Q2 2024 GAAP EPS $1.48 Beats $1.46 Estimate, Sales $1.225B Miss $1.248B Estimate

Wolfe Research analyst Scott Group downgrades Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) from Outperform to Peer Perform.

Downgrades

Wolfe Research Downgrades Landstar System to Peer Perform

Morgan Stanley analyst Ravi Shanker maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Equal-Weight and lowers the price target from $147 to $145.

Morgan Stanley Maintains Equal-Weight on Landstar System, Lowers Price Target to $145

Evercore ISI Group analyst Jonathan Chappell maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a In-Line and raises the price target from $161 to $173.

Evercore ISI Group Maintains In-Line on Landstar System, Raises Price Target to $173

RSPN: Industrials Dashboard For October

Here are the major earnings after the close today

Landstar System GAAP EPS of $1.41 misses by $0.04, revenue of $1.21B misses by $10M

The latest update is out from Landstar System ( ($LSTR) ). Landstar System, Inc. reported a challenging third quarter of fiscal 2024 with earnings ...

Landstar System Reports Challenging Q3 2024 Earnings

Landstar System, Inc. (LSTR) Q3 2024 Earnings Call Transcript

Landstar System Inc ( ($LSTR) ) has realeased its Q3 earnings. Here is a breakdown of the information Landstar System Inc presented to its investor...

Landstar System's Q3 2024 Revenue Hits $1.214 Billion

TD Cowen lowered the firm's price target on Landstar System (LSTR) to $174 from $176 and keeps a Hold rating on the shares. The firm said the compa...

Landstar System price target lowered to $174 from $176 at TD Cowen

Evercore ISI analyst Jonathan Chappell maintained a Hold rating on Landstar System (LSTR – Research Report) today and set a price target of $160.00...

Evercore ISI Sticks to Its Hold Rating for Landstar System (LSTR)

In a report released yesterday, Garrett Holland from Robert W. Baird maintained a Hold rating on Landstar System (LSTR – Research Report), with a p...

Cautious Hold on Landstar System Amidst Market Challenges and Underwhelming Q3 Performance

Landstar System declares $0.36 dividend

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Press Releases

Landstar to Release Fourth Quarter Results on Wednesday, January 31, 2024

Landstar System Reports Fourth Quarter Revenue of $1.204B and Earnings Per Share of $1.62

Management

Landstar Appoints New Chief Sales Officers

Landstar to Release First Quarter Results on Wednesday, April 24, 2024

Landstar System Reports First Quarter Revenue of $1.171B and Earnings Per Share of $1.32

Landstar to Participate in Bank of America 2024 Annual Investment Conference

Landstar to Release Second Quarter Results on Tuesday, July 30, 2024

Landstar System Reports Second Quarter Revenue of $1.225B and Earnings Per Share of $1.48 and Announces 9% Increase to Quarterly Dividend

Landstar to Release Third Quarter Results on Tuesday, October 29, 2024

Landstar System Reports Third Quarter Revenue of $1.214B and Earnings Per Share of $1.41

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