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KeyCorp expects Landstar System, Inc. (NASDAQ:LSTR) to earn $9.50 per share in fiscal year 2024.

KeyCorp expects Landstar System, Inc. (NASDAQ:LSTR) to earn $9.50 per share in fiscal year 2024.

Landstar System, Inc. (LSTR): KeyCorp provided investors with a note on Tuesday, January 10, outlining its projections for the earnings per share (EPS) that Landstar System will report for the fiscal year 2024. T. Fowler, an analyst at KeyCorp, anticipates that the transportation company will bring in revenue of $9.50 per share this year. These projections are based on the company’s expected earnings. The most recent earnings projection for the entire year for Landstar System comes at $11.77 per share.

The most recent quarterly profits for the company were announced on October 19 by Landstar System, which is traded under the symbol NASDAQ: LSTR. The transportation company’s quarterly earnings per share came in at $2.76, which was in line with the prediction made by the group of analysts who came to a consensus before making their forecast. Their return on equity, 52.31%, and their net margin, 5.85%, were the primary metrics that Landstar System concentrated on. The company’s revenue came in at $1.82 billion for the quarter, significantly higher than the average prediction of $1.79 billion made by financial analysts. The company reported a profit of $2.58 per share for the same period the year before compared to the current year. Compared to the results achieved during the same period in the previous year, the rise in quarterly revenue was 4.7% higher than the prior year’s performance.

Thursday was the first day that NASDAQ: LSTR was available for trading, and the opening price was $174.00. The stock’s moving average over the past 50 days is $167.37, while the moving average over the past 200 days is $155.24. Landstar System’s 52-week low is $137.15, and its 52-week high is $178.14. The debt-to-equity ratio comes in at 0.08, the quick ratio at 1.58, the current ratio at 1.58, and the quick ratio at 1.58. The company’s current market capitalization is calculated to be $6.25 billion, while its P/E/G ratio stands at 1.56, and its beta value is 0.91.

Additionally, several additional research analysts have weighed in on the company over the past few months through published assessments. Cowen stated in a research report published on October 27 that they want to set their price objective for the Landstar System at $155, and they plan to do so shortly. Susquehanna upgraded Landstar System from a “neutral” rating to an “outperform” rating and raised their target price on the stock from $147.0 to $150.00 in a research report made available to the public on Friday, October 21. In addition, the research report was made available to the public. In a research note published on Friday, October 21, Susquehanna Bancshares raised its price objective on Landstar System shares from $147.00 to $150.00 and rated the company “neutral.” In a research note released on Monday, Morgan Stanley raised their price target for Landstar System from $120.00 to $140.00 and changed their rating on the company’s shares from “underweight” to “equal weight.” Deutsche Bank Aktiengesellschaft lowered their price target for Landstar System shares from $189.00 to $182.00 in a research study that was made public on November 28. The outlook for the company’s investments was the subject of the analysis. The information was obtained from Bloomberg.com, which states that nine analysts have suggested that investors keep their holding position regarding the stock. The consensus recommendation for this stock is “Hold,” and the market watchers project that it will settle for $155.30 per share over the next twelve months.

Several institutional investors have adjusted in recent months to the percentage of LSTR held within their investment portfolios. These changes were made in response to market conditions. During the first three months of 2018, HighTower Advisors LLC made a 4.7% purchase of additional Landstar System stock, bringing its total holdings of the company’s shares to 71.3%. After making an additional purchase of 334 shares during the most recent quarter, HighTower Advisors LLC now owns a total of 7,370 stock held by the transportation company. These shares are currently valued at $1,105,00 due to the combined value of the company’s stock. During the first three months of 2018, Private Advisor Group LLC increased its holdings in Landstar System by a total of 2.6% by purchasing additional shares. Private Advisor Group LLC now holds a total of 3,707 shares of the transportation company’s stock, which has an estimated market value of $559,000. This is a result of the recent purchase of

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