Oppenheimer analyst Scott Schneeberger maintained a Hold rating on Landstar System Inc (LSTR) today. The company’s shares closed on Friday at $102.96.
Schneeberger wrote:
“4Q18 adjusted EPS of $1.68 (+56% y/y) exceeded our estimate/consensus/LSTR’s guidance range of $1.59/$1.58/$1.56-$1.62. 4Q18 total revenue grew 12% y/y, which was shy of our estimate/consensus. 4Q18 operating income of $86.1M (+23% y/ y) compared to our estimate/consensus of $84.0M/$86.3M. 4Q18 benefited from a lower tax rate, which afforded the EPS outperformance. All three 4Q18 metrics were at least quarterly records. 4Q18 truck volume/revenue per load grew 4%/7% y/y, in a still solid pricing environment. 1Q19 number of loads via truck/revenue per load/ total revenue/adjusted EPS were guided to grow “low single-digits”/decline “low-single digits” (primarily on a tough y/y comp)/to be within a couple points up/down of flat y/ y/grow 10%-15%. Our 2019E/2020E adjusted EPS modify to $6.42 (+4% y/y)/$6.70 (+4% y/y).”
According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 7.5% and a 61.8% success rate. Schneeberger covers the Services sector, focusing on stocks such as General Finance, XPO Logistics, and United Parcel.
The word on The Street in general, suggests a Hold analyst consensus rating for Landstar System Inc with a $110.75 average price target, a 7.6% upside from current levels. In a report issued on February 1, Buckingham also maintained a Hold rating on the stock with a $115 price target.
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The company has a one-year high of $128.70 and a one-year low of $90.23. Currently, Landstar System Inc has an average volume of 353.6K.
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Landstar System, Inc.engages in the provision of transportation management solutions. It operates through the Transportation Logistics and Insurance segments.
