Landstar System (LSTR) reported quarterly earnings results on Wednesday, Jul-20-2016. The company reported $0.76 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.81. The company posted revenue of $775.20 million in the period, compared to analysts expectations of $786.99 million. The company’s revenue was down -10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS.
Many Wall Street Analysts have commented on Landstar System. Landstar System was Downgraded by Avondale to ” Mkt Perform” on Apr 22, 2016.
Landstar System closed down -0.34 points or -0.48% at $70.88 with 3,61,922 shares getting traded on Monday. Post opening the session at $70.98, the shares hit an intraday low of $69.77 and an intraday high of $72.97 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jun 7, 2016, Joseph J Beacom (VP, CSO, COO) sold 3,987 shares at $68.10 per share price. According to the SEC, on Nov 25, 2015, L Kevin Stout (VP, CFO and Asst Secretary) sold 269 shares at $62.43 per share price. On Jul 30, 2015, Patrick J O’malley (VP, CCO, CMO) sold 10,816 shares at $71.29 per share price, according to the Form-4 filing with the securities and exchange commission.
Landstar System Inc. (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes with the ability to arrange for individual shipments of freight to enterprise solutions to manage all of a customers transportation needs. The Company operates in two segments: the Transportation Logistics segment which provides a range of integrated transportation management solutions and the Insurance segment which provides risk and claims management services to certain of Landstars operating subsidiaries. Landstar provides services throughout the United States Canada Mexico and other countries around the world. The Companys services are delivered through a network of independent commission sales agents and third-party capacity providers linked together by a series of technological applications which are provided and coordinated by the Company.