Vancouver, British Columbia--(Newsfile Corp. - September 1, 2026) - Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) ("Lodestar" or the "Company") announces that it has entered into an investor relations agreement (the "Agreement") with GRA Enterprises LLC, operating as National Inflation Association ("NIA") to provide investor relations and communications services (the "Services"). In consideration of the Services, the Company will pay NIA a total fee of $75,000 USD, payable as follows: $50,000 due on August 21, 2026, $15,000 due on September 17, 2026, and the remaining $10,000 due on October 17, 2026.
The initial term of the Agreement is six months until February 18, 2027, and the Company has three options to renew the Agreement for an additional three (3) months for a fee of USD$50,000, for six (6) months for a fee of USD$75,000, or for one (1) year for a fee of USD$100,000.
Under the Agreement, NIA will provide a range of investor relations services to the Company, including providing distribution and exposure of the Company's activities through the NIA's Inflation.us email distribution lists, website, and blog posts and distributing reports about the Company and its Goldrun Project.
GRA Enterprises LLC, operating as National Inflation Association, is an arm's length party, located at 112 Argus Ln, Ste A PMB 113 Mooresville, NC 28117; Email: [email protected]; Phone: +19732777674. The Services are expected to be provided by Gerard Adams, the President of NIA. NIA and Mr. Adams are not related parties to the Company, and do not directly or indirectly have any interest in the Company's securities or any right to acquire such an interest.
Termination of Investor Relations Agreement
Further to the Company's news release dated November 25, 2026, the Company confirms that its digital marketing agreement with Straight Edge Marketing Inc. DBA InvestorHyve ("InvestorHyve") has now terminated. InvestoryHvye no longer providing any services to the Company.
ABOUT LODESTAR METALS
Lodestar Metals Corp. is a Canadian gold exploration company focused on advancing the drill-ready Goldrun Project in Nevada, strategically located on a major Carlin-style gold trend and adjacent to some of the largest gold deposits in North America. With decades of combined geological and capital markets expertise, Lodestar follows a disciplined, step-by-step approach to discovery. The Company's strategy is clear: focus capital on high-value targets, move quickly on known mineralization, and build a compliant gold resource that delivers lasting shareholder value. For more information, please visit www.lodestarmetals.ca.
Forward-Looking Statements
The information set forth in this news release contains forward-looking statements based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Lodestar cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by several material factors, many of which are beyond Lodestar's control. Such factors include, among other things, risks and uncertainties relating to Lodestar's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312457
Source: Lodestar Metals Corp.
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Key Takeaways LSTR's efforts to develop its heavy haul services and cross-border transportation with Mexico are commendable.LSTR supports shareholders through dividends and buybacks while maintaining a low debt profile. LSTR shares have gained in the past year, lag its industry, but outperform peers like WERN and ODFL. Landstar System, Inc. (LSTR - Free Report) is currently mired in multiple tailwinds, which, we believe, have made it an impressive investment option. The positive sentiment surrounding Landstar stock is evident from the fact that the Zacks Consensus Estimate for the third quarter of 2026 and the fourth quarter of 2026 earnings has been revised upward in the past 60 days. The consensus mark for 2026 and 2027 earnings has also been projected upward in the past 60 days.
The favorable estimate revisions indicate brokers’ lack of confidence in the stock.
Image Source: Zacks Investment Research
Given this backdrop, the question now arises whether it is worth buying, holding, or selling the Landstar stock at current prices. Let us delve deeper to find out.
Factors Working in Favor of Landstar StockLandstar's efforts to develop its heavy haul services in addition to the cross-border transportation with Mexico are commendable. Cross-border transportation offers significant growth opportunities to LSTR as companies are increasingly sourcing products from Mexico because it moves production lines close to the United States, not only saving production costs but also making the supply chain more secure. Development of the company's heavy haul services should also boost profitability. By bolstering its heavy haul capabilities, LSTR will be able to deliver goods between different sectors (mining, construction and manufacturing) that need transportation of large machinery and equipment.
Landstar’s strong balance sheet increases financial flexibility. The company ended first-quarter 2026 with cash and cash equivalents (and short-term investments) of $353.25 million, much higher than the current debt level of $26.1 million. This implies that the company has sufficient cash to meet its current debt obligations. Meanwhile, long-term debt has decreased to $43.14 million at first-quarter 2026-end from $48.5 million at fourth-quarter 2025-end.
A solid balance sheet allows the company to continue paying dividends and buying back shares, reflecting its pro-shareholder stance. Overall, Landstar returned nearly $120 million to shareholders through dividends ($95.3 million) and share repurchases ($24.1 million) during the first half of 2026.
Landstar has been consistently making efforts to reward its shareholders through dividends and share buybacks. As a reflection of its shareholder-friendly stance, in 2022, 2023, 2024 and 2025, LSTR paid dividends of $115.6 million, $117.1 million, $120.5 million and $124.7 million, respectively. Dividend-paying stocks like LSTR are generally safe bets for creating wealth, as these payouts act as a hedge against economic uncertainty, which characterizes current times.
Landstar is also active on the buyback front. LSTR repurchased shares worth $285.9 million in 2022, $53.9 million in 2023, $81.4 million in 2024 and $179.8 million in 2025. During the first quarter of 2026, Landstar purchased 150,923 shares for $22.6 million. Landstar is currently authorized to purchase up to an additional 1,115,195 shares under its longstanding share purchase program. Buybacks not only reduce the total outstanding share count, thereby increasing earnings per share, but also signal management's belief in the intrinsic value of the stock.
LSTR Stock’s Price PerformanceShares of Landstar have gained 36% over the past year, underperforming the transportation-truck industry’s 42.6% surge. On the contrary, LSTR’s performance compares favorably with that of other industry players, Werner Enterprises, Inc. (WERN - Free Report) and Old Dominion Freight Line, Inc. (ODFL - Free Report) within the same time frame.
LSTR Stock’s One-Year Price Comparison Image Source: Zacks Investment Research
Attractive Valuation Picture for Landstar StockLandstar looks cheap from a valuation standpoint. Considering the forward 12-month price-to-sales ratio (P/S-F12M), LSTR is trading at a discount compared to the industry.
The stock has a forward 12-month P/S-F12M of 1.03X compared with 2.32X for the industry over the past five years. The company’s forward 12-month P/S-F12M ratio is also below the median level of 1.05X over the past five years. These factors indicate that the stock’s valuation is attractive.
LSTR P/S Ratio (Forward 12 Months) Vs. Industry Image Source: Zacks Investment Research
Time to Buy LSTR StockApart from being attractively valued, Landstar's efforts to develop its heavy haul services are commendable and should boost profitability. Cross-border transportation with Mexico also offers significant growth opportunities. A solid balance sheet allows the company to continue paying dividends and buying back shares, reflecting its pro-shareholder stance.
We believe that the positives surrounding the stock (as highlighted through the write-up) outweigh the concerns regarding reduced demand for freight services and increased truck capacity, low shipment volumes and rates due to demand weakness and driver shortage issues. We, therefore, suggest investors should add LSTR stock to their portfolios for healthy returns. The company’s Zacks Rank #2 (Buy) further supports our thesis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Canada Pension Plan Investment Board purchased a new stake in Landstar System, Inc. (NASDAQ:LSTR – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,000 shares of the transportation company’s stock, valued at approximately $3,102,000.
A number of other institutional investors and hedge funds have also modified their holdings of LSTR. Legal & General Group Plc bought a new stake in shares of Landstar System during the 2nd quarter worth $10,522,000. The Manufacturers Life Insurance Company bought a new position in Landstar System in the 2nd quarter worth $4,854,000. Cibc World Market Inc. acquired a new position in Landstar System during the 2nd quarter worth $3,225,000. Sanctuary Advisors LLC acquired a new position in Landstar System during the 2nd quarter worth $1,412,000. Finally, Twin Tree Management LP bought a new stake in Landstar System during the second quarter valued at about $121,000. 97.95% of the stock is currently owned by institutional investors and hedge funds.
Landstar System Price Performance Shares of LSTR opened at $180.03 on Monday. The company has a 50-day simple moving average of $195.27 and a 200-day simple moving average of $182.05. The firm has a market capitalization of $6.11 billion, a P/E ratio of 46.64 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.82 and a current ratio of 1.82. Landstar System, Inc. has a 52 week low of $119.32 and a 52 week high of $228.46.
Landstar System (NASDAQ:LSTR – Get Free Report) last released its earnings results on Tuesday, July 28th. The transportation company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a net margin of 2.64% and a return on equity of 20.84%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities research analysts expect that Landstar System, Inc. will post 5.84 earnings per share for the current year. Landstar System Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 18th. This is a boost from Landstar System’s previous quarterly dividend of $0.40. Landstar System’s payout ratio is 45.60%.
Insider Activity at Landstar System In related news, Director Diana M. Murphy sold 11,246 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $221.28, for a total value of $2,488,514.88. Following the completion of the transaction, the director directly owned 18,853 shares of the company’s stock, valued at $4,171,791.84. This trade represents a 37.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James P. Todd sold 1,200 shares of Landstar System stock in a transaction on Monday, June 15th. The stock was sold at an average price of $218.17, for a total transaction of $261,804.00. Following the sale, the chief financial officer owned 15,122 shares in the company, valued at $3,299,166.74. This represents a 7.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades Several equities research analysts have recently issued reports on the company. Zacks Research raised Landstar System from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Truist Financial increased their target price on Landstar System from $190.00 to $205.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Morgan Stanley reaffirmed an “underweight” rating and issued a $145.00 target price on shares of Landstar System in a report on Monday, July 6th. JPMorgan Chase & Co. lifted their price target on Landstar System from $198.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Susquehanna lifted their price target on Landstar System from $195.00 to $230.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $196.00.
Get Our Latest Analysis on LSTR
(Free Report)
Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.
Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.
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A month has gone by since the last earnings report for Landstar System (LSTR - Free Report) . Shares have added about 2.1% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Landstar due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Landstar System, Inc. before we dive into how investors and analysts have reacted as of late.
Landstar Q2 Earnings Beat EstimatesLandstar reported solid second-quarter 2026 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate as well as improved year over year.
Quarterly earningsearnings of $1.44 per share, beat the Zacks Consensus Estimate of $1.42 by 1.4%. Earnings rose 20% from $1.20 a year earlier.
Revenues of $1.43 billion surpassed the consensus mark of $1.32 billion by 8.3% and increased 18.2% year over year. Higher truck rates and modest load growth drove the top line, with truck revenue per load climbing 17% year over year.
LSTR's Truck Business Powers Revenue Growth
Truck transportation revenues increased 19.3% year over year to $1.33 billion and represented 93% of total revenues. The number of truck loads rose 1.9% year over year to 510,250, while revenue per truck load advanced to $2,614 from $2,234.
Van-equipment revenues grew 21.4% year over year to $717.51 million, supported by a 4.8% year over year increase in loads and a 15.8% rise in revenue per load. Unsided and platform revenues increased 22.8% year over year to $492.17 million as loads rose 2.4% and revenue per load jumped 19.9%.
Consumer durables remained the largest market served, accounting for 28.3% of transportation logistics revenues. Revenues from that market increased 24% year over year, while energy revenues surged 76%. Building products revenues rose 24% year over year, machinery revenues increased 17% and automotive revenues advanced 5%.
Landstar's Other Services Deliver Mixed Results
Rail intermodal revenues increased 26% year over year to $27.76 million. Rail loads rose 9% year over year to 8,520, while revenue per load increased 15.7% to $3,258, providing growth from both volume and pricing.
Ocean and air-cargo revenues declined 2.1% year over year to $49.74 million as a 3.8% year over year decrease in loads offset a 1.8% increase in revenue per load. Other truck transportation revenues fell 1.6% year over year to $99.07 million.
Less-than-truckload revenues edged down 0.7% year over year to $25.12 million. A 24.9% reduction in loadings more than offset a 32.1% improvement in revenue per load, reflecting a sizable shift in the mix of shipments handled during the quarter.
Gross profit increased 21.1% year over year to $132.34 million, and gross margin expanded 20 basis points from the year-ago reported quarter to 9.2%. Variable contribution, which excludes purchased transportation and agent commissions, rose 17% year over year to $199.43 million. The related margin contracted 20 basis points from the year-ago reported quarter to 13.9%.
Insurance and claims expense increased 29.3% year over year to $39.36 million, mainly due to unfavorable development of prior-year claims. Selling, general and administrative expenses rose 22.4% year over year to $68.19 million, partly limiting operating leverage despite strong revenue growth.
Landstar's Capacity Trends Support Freight Demand
The company added a net 68 trucks provided by business capacity owners during the quarter, its strongest quarterly increase since the first quarter of 2022. BCO trucks totaled 8,544 at second quarter-end.
BCO-hauled loads increased 10.1% year over year to 224,600, while revenues generated through BCO capacity rose 22% year over year to $563.07 million. The stronger utilization of this dedicated capacity supported Landstar's truck performance.
Management said truck volumes and revenue per load outpaced normal seasonal patterns. July truck loads were about 5% above the prior-year level, while truck revenue per load was approximately 26% higher, indicating continued momentum entering the third quarter.
LSTR's Balance Sheet Remains Strong
At the end of second-quarter 2026, Landstar had cash and cash equivalents of $294.35 million compared with $353.25 million recorded at the prior-quarter end. Additionally, long-term debt (excluding current maturities) totaled $42.08 million at the end of the second quarter compared with $43.14 million at the prior-quarter end.
Cash flow from operations totaled $27.8 million in the first half, while capital expenditures were $8.7 million and free cash flow was $19.1 million. First-half free cash flow declined from $58.4 million reported in the second-quarter 2025.
Dividend Hike Update & Share Buybacks
Concurrent with its second-quarter 2026 earnings release, Landstar’sboard of directorsapproved a dividendhike of 10%, thereby raising its quarterly cash dividend to 44 cents per share ($1.76 annualized) from 40 cents ($1.60 annualized). The raised dividend will be paid out on Sept 9, 2026, to shareholders of record at the close of business on Aug 18. The move reflects LSTR’s intention to utilize free cash to enhance its shareholders’ returns.
Landstar did not purchase shares in the second quarter of 2026, however, during the first half of 2026, Landstar purchased 150,923 shares of its common stock for $22.6 million. Landstar is currently authorized to purchase up to an additional 1,115,195 shares under its longstanding share purchase program.
Overall, Landstar returned nearly $120 million to shareholders through dividends ($95.3 million) and share repurchases ($24.1 million) during the first half of 2026.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.
VGM ScoresCurrently, Landstar has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Landstar has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Bank of America Corp DE raised its position in Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 13.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,112 shares of the transportation company’s stock after purchasing an additional 29,595 shares during the period. Bank of America Corp DE owned about 0.74% of Landstar System worth $40,095,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. First Citizens Bank & Trust Co. grew its stake in Landstar System by 1.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 4,710 shares of the transportation company’s stock worth $755,000 after acquiring an additional 68 shares during the period. Petros Family Wealth LLC grew its position in shares of Landstar System by 4.9% in the first quarter. Petros Family Wealth LLC now owns 1,548 shares of the transportation company’s stock valued at $248,000 after purchasing an additional 73 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Landstar System by 29.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 342 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 78 shares during the period. SkyView Investment Advisors LLC increased its stake in Landstar System by 1.4% in the fourth quarter. SkyView Investment Advisors LLC now owns 6,388 shares of the transportation company’s stock valued at $918,000 after purchasing an additional 89 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Landstar System by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,987 shares of the transportation company’s stock worth $1,120,000 after buying an additional 91 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets In related news, CFO James P. Todd sold 1,200 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $218.17, for a total value of $261,804.00. Following the transaction, the chief financial officer owned 15,122 shares in the company, valued at approximately $3,299,166.74. The trade was a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Diana M. Murphy sold 11,246 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $221.28, for a total value of $2,488,514.88. Following the completion of the transaction, the director directly owned 18,853 shares of the company’s stock, valued at $4,171,791.84. This represents a 37.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.74% of the company’s stock.
Landstar System Trading Up 1.5% Shares of LSTR opened at $188.64 on Friday. Landstar System, Inc. has a 12 month low of $119.32 and a 12 month high of $228.46. The stock’s 50-day moving average is $202.64 and its two-hundred day moving average is $179.91. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market cap of $6.40 billion, a PE ratio of 48.87 and a beta of 0.90.
Landstar System (NASDAQ:LSTR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.05). Landstar System had a net margin of 2.64% and a return on equity of 20.84%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned $1.20 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. Equities analysts forecast that Landstar System, Inc. will post 5.82 earnings per share for the current fiscal year.
Landstar System announced that its board has initiated a stock repurchase plan on Tuesday, April 28th that authorizes the company to repurchase 1,115,195,000,000 outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Landstar System Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th will be issued a $0.44 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. This is an increase from Landstar System’s previous quarterly dividend of $0.40. Landstar System’s dividend payout ratio (DPR) is presently 41.45%.
Analyst Ratings Changes Several research analysts have recently weighed in on LSTR shares. Stephens upgraded shares of Landstar System to a “strong-buy” rating in a report on Wednesday, July 8th. Wall Street Zen raised shares of Landstar System from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Evercore set a $181.00 price target on shares of Landstar System in a report on Wednesday, April 29th. Robert W. Baird dropped their price objective on Landstar System from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group increased their target price on Landstar System from $147.00 to $168.00 and gave the stock a “sell” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $196.00.
Get Our Latest Research Report on LSTR
Key Stories Impacting Landstar System Here are the key news stories impacting Landstar System this week:
Positive Sentiment: Zacks Research raised earnings estimates across multiple periods, including FY2026 EPS to $5.61 from $5.45, FY2027 EPS to $7.22 from $6.88, and FY2028 EPS to $8.03 from $7.69. Quarterly forecasts were also increased, and Zacks maintained a “Strong-Buy” rating, signaling improved confidence in Landstar’s future profitability. Zacks Research estimate revisions Positive Sentiment: Landstar’s latest dividend increase reinforces its shareholder-return strategy. The company’s history of raising dividends is being viewed as evidence of financial strength and could appeal to income-focused investors. Should Investors Buy Landstar Stock Post Latest Dividend Hike? Neutral Sentiment: Landstar reported strong revenue growth in its most recent quarter, but earnings slightly missed estimates. Revenue rose 18.2% year over year to $1.43 billion, while EPS of $1.44 fell short of the $1.49 consensus. This mixed performance may limit the immediate upside from the bullish long-term forecasts. Negative Sentiment: Regulatory uncertainty remains a risk. A Seeking Alpha analysis argued that the Supreme Court’s decision to eliminate certain federal protections could expose Landstar to greater legal, operating or cost pressures, leading the author to assign the stock a “Hold” view rather than a more bullish rating. Landstar System: Why the Supreme Court’s Decision Makes It a Hold Landstar System Profile (Free Report)
Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.
Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.
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Key Takeaways LSTR raised its quarterly dividend to 44 cents per share, payable on Sept. 9 to shareholders as of Aug. 18.LSTR's efforts to develop its heavy haul services and cross-border transportation with Mexico are commendable.Dividend-paying stocks are less susceptible to market swings and act as a hedge against economic uncertainty. Last month (concurrent with its second-quarter 2026 earnings release), Landstar System, Inc. (LSTR - Free Report) stated that its board of directors had announced an increase in its quarterly dividend payout, reflectingthe company’s commitment to boosting shareholder value, apart from underlining confidence in its business.
Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty, like the current scenario.
Given this backdrop, the question that naturally arises is: Should investors buy, hold, or sell Landstar stock now? A more in-depth analysis is needed to make that determination. Before diving into Landstar’s investment prospects, let’s take a glance at its financial numbers.
Landstar’s Recent Dividend Increase of 10%In a shareholder-friendly move, Landstar’s board of directors approved a dividend hike of 10%, thereby raising its quarterly cash dividend to 44 cents per share ($1.76 annualized) from 40 cents ($1.60 annualized). The raised dividend will be paid on Sept. 9, 2026, to shareholders of record at the close of business on Aug. 18. The move reflects LSTR’s intention to utilize free cash to enhance its shareholders’ returns.
Landstar did not purchase shares in the second quarter of 2026. However, during the first half of 2026, Landstar purchased 150,923 shares of its common stock for $22.6 million. The company is currently authorized to purchase up to an additional 1,115,195 shares under its longstanding share purchase program.
Overall, Landstar returned nearly $120 million to shareholders through dividends ($95.3 million) and share repurchases ($24.1 million) during the first half of 2026.
Landstar’s bottom line has been benefiting from its consistent efforts to reward its shareholders through dividends and share buybacks. As a reflection of its shareholder-friendly stance, in 2022, 2023, 2024 and 2025, LSTR paid dividends of $115.6 million, $117.1 million, $120.5 million and $124.7 million, respectively. Dividend-paying stocks like LSTR are generally safe bets for creating wealth, as these payouts act as a hedge against economic uncertainty, which characterizes current times.
Landstar is also active on the buyback front. LSTR repurchased shares worth $285.9 million in 2022, $53.9 million in 2023, $81.4 million in 2024 and $179.8 million in 2025. During the first quarter of 2026, Landstar purchased 150,923 shares for $22.6 million. Landstar is currently authorized to purchase up to an additional 1,115,195 shares under its longstanding share purchase program. Buybacks not only reduce the total outstanding share count, thereby increasing earnings per share, but also signal management's belief in the intrinsic value of the stock.
Apart from being shareholder-friendly, Landstar's efforts to develop its heavy haul services in addition to the cross-border transportation with Mexico are commendable. Cross-border transportation offers significant growth opportunities to LSTR as companies are increasingly sourcing products from Mexico because it moves production lines close to the United States, not only saving production costs but also making the supply chain more secure. Development of the company's heavy haul services should also boost profitability. By bolstering its heavy haul capabilities, LSTR will be able to deliver goods between different sectors (mining, construction and manufacturing) that need transportation of large machinery and equipment.
Landstar’s strong balance sheet increases financial flexibility. The company ended first-quarter 2026 with cash and cash equivalents (and short-term investments) of $353.25 million, much higher than the current debt level of $26.1 million. This implies that the company has sufficient cash to meet its current debt obligations. Meanwhile, long-term debt has decreased to $43.14 million at the end of first-quarter 2026 from $48.5 million at fourth-quarter 2025-end.
What Do Earnings Estimates Say for Landstar?The positive sentiment surrounding Landstar stock is evident from the fact that the Zacks Consensus Estimate for the third quarter of 2026 and fourth-quarter 2026 earnings has been revised upward in the past 60 days. The consensus mark for 2026 and 2027 earnings has also been projected northward in the past 60 days.
The favorable estimate revisions indicate brokers’ confidence in the stock.
Image Source: Zacks Investment Research
LSTR Stock’s Price PerformanceShares of Landstar have gained 30.6% over the past six months, outperforming the transportation-truck industry’s 12.5% surge, as well as that of other industry players, J.B. Hunt Transport Services (JBHT - Free Report) and Werner Enterprises, Inc. (WERN - Free Report) within the same time frame.
LSTR Stock’s Six-month Price Comparison Image Source: Zacks Investment Research
Attractive Valuation Picture for Landstar StockLandstar looks cheap from a valuation standpoint. Considering the forward 12-month price-to-sales ratio (P/S-F12M), LSTR is trading at a discount compared to the industry.
The stock has a forward 12-month P/S-F12M of 1.09X compared with 2.46X for the industry over the past five years. These factors indicate that the stock’s valuation is attractive.
LSTR P/S Ratio (Forward 12 Months) Vs. Industry Image Source: Zacks Investment Research
Time to Buy LSTR StockApart from being attractively valued, Landstar's efforts to develop its heavy haul services are commendable and should boost profitability. Cross-border transportation with Mexico also offers significant growth opportunities. A solid balance sheet allows the company to continue paying dividends and buying back shares, reflecting its pro-shareholder stance.
We believe that the positives surrounding the stock (as highlighted through the write-up) outweigh the concerns regarding reduced demand for freight services and increased truck capacity, low shipment volumes and rates due to demand weakness and driver shortage issues. We, therefore, suggest investors should add LSTR stock to their portfolios for healthy returns. The company’s Zacks Rank #2 (Buy) further supports our thesis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Assenagon Asset Management S.A. acquired a new position in shares of Landstar System, Inc. (NASDAQ:LSTR – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 29,324 shares of the transportation company’s stock, valued at approximately $6,064,000. Assenagon Asset Management S.A. owned 0.09% of Landstar System at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in Landstar System during the fourth quarter worth $25,000. Quarry LP acquired a new stake in shares of Landstar System in the third quarter valued at about $25,000. Global Retirement Partners LLC increased its stake in Landstar System by 320.0% during the 4th quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company’s stock worth $27,000 after buying an additional 144 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Landstar System by 132.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after purchasing an additional 142 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Landstar System by 1,490.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 318 shares of the transportation company’s stock worth $39,000 after buying an additional 298 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of equities research analysts have recently issued reports on the company. Janney Montgomery Scott set a $182.00 price target on Landstar System in a research report on Wednesday, July 29th. The Goldman Sachs Group upped their target price on Landstar System from $147.00 to $168.00 and gave the company a “sell” rating in a report on Thursday, July 16th. Truist Financial lifted their price target on Landstar System from $190.00 to $205.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Stephens upgraded Landstar System to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Barclays boosted their price target on shares of Landstar System from $155.00 to $190.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $196.00.
View Our Latest Stock Report on LSTR
Landstar System Trading Down 0.3% Shares of NASDAQ LSTR opened at $177.74 on Wednesday. The stock has a market capitalization of $6.03 billion, a PE ratio of 46.05 and a beta of 0.90. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $203.84 and a 200-day simple moving average of $179.47. Landstar System, Inc. has a twelve month low of $119.32 and a twelve month high of $228.46.
Landstar System (NASDAQ:LSTR – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.05). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.34 billion. Landstar System had a return on equity of 20.84% and a net margin of 2.64%.The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 EPS. On average, equities analysts forecast that Landstar System, Inc. will post 5.8 earnings per share for the current year.
Landstar System Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Tuesday, August 18th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. This is a boost from Landstar System’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, August 18th. Landstar System’s dividend payout ratio (DPR) is 41.45%.
Landstar System declared that its Board of Directors has approved a share repurchase program on Tuesday, April 28th that permits the company to buyback 1,115,195,000,000 shares. This buyback authorization permits the transportation company to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Insiders Place Their Bets In related news, Director Diana M. Murphy sold 11,246 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $221.28, for a total transaction of $2,488,514.88. Following the completion of the transaction, the director directly owned 18,853 shares of the company’s stock, valued at $4,171,791.84. The trade was a 37.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James P. Todd sold 1,200 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $218.17, for a total value of $261,804.00. Following the sale, the chief financial officer owned 15,122 shares in the company, valued at approximately $3,299,166.74. This trade represents a 7.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.74% of the company’s stock.
Landstar System Company Profile (Free Report)
Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.
Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.
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JACKSONVILLE, Fla. , Aug. 10, 2026 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, today announced that Vallie Dugas has been appointed Vice President, General Counsel and Secretary.
Key Takeaways Landstar's Q2 earnings rose 20% as revenues climbed 18.2%, strengthening its near-term buy case.Truck revenue per load jumped 17% in Q2 and about 26% in July, driving Landstar's pricing momentum.Rising estimates and price-target upside support Landstar, though valuation and cash flow remain concerns. Landstar System, Inc. (LSTR - Free Report) has a stronger near-term investment case after its second-quarter rebound in revenues, earnings and freight pricing. The stock’s Zacks Rank #1 (Strong Buy), favorable estimate revisions and price-target upside support a positive view.
The case is not without offsets. Shares have already rallied, valuation is above Landstar’s five-year median and cash-flow trends weakened in the first half, leaving the stock dependent on continued pricing strength and freight-market recovery.
LSTR’s Earnings Beat Strengthens the Buy CaseLandstar reported second-quarter 2026 earnings of $1.44 per share, up 20% year over year. The result came in 1.4% above the Zacks Consensus Estimate.
Revenues rose 18.2% year over year to $1.43 billion and exceeded expectations by 8.3%. Operating income increased 17.7% to $66.2 million, showing that better freight conditions translated into higher profitability despite claims-related pressure.
Landstar’s Freight Pricing Shows MomentumTruck pricing was the key driver. Truck revenues rose 19.3% year over year, supported by a 17% increase in truck revenue per load and a 1.9% increase in truck volumes.
The trend continued into the third quarter. Management said that July truck loads were approximately 5% above the prior-year level, while July truck revenue per load was approximately 26% higher year over year.
That pricing improvement is central to the earnings-recovery thesis. Landstar’s asset-light model can benefit when freight rates improve because higher revenue per load can lift variable contribution, provided insurance, claims and selling costs remain controlled.
LSTR’s Estimates Point to Faster GrowthThe Zacks Consensus Estimate points to 2026 earnings growth of 28.9% and sales growth of 14.3%. For 2027, earnings are projected to be $7.32 per share.
Estimate revisions also support the near-term signal. The full-year earnings estimate has increased 2.5% over the past four weeks, indicating that analysts are giving more credit to Landstar’s rate recovery and revenue momentum.
Landstar’s Cash Returns Reward ShareholdersLandstar returned nearly $120 million to shareholders through dividends ($95.3 million) and share repurchases ($24.1 million) during the first half of 2026. As a reflection of its shareholder-friendly stance, in 2022, 2023, 2024 and 2025, LSTR paid dividends of $115.6 million, $117.1 million, $120.5 million and $124.7 million, respectively. Landstar is also active on the buyback front. LSTR repurchased shares worth $285.9 million in 2022, $53.9 million in 2023, $81.4 million in 2024 and $179.8 million in 2025.
Concurrent with its second-quarter 2026 earnings release, Landstar’s board of directors approved a dividend, thereby raising its quarterly cash dividend to 44 cents per share ($1.76 annualized) from 40 cents ($1.60 annualized). The raised dividend will be paid out on Sept 9, 2026, to shareholders of record at the close of business on Aug 18. The move reflects LSTR’s intention to utilize free cash to enhance its shareholders’ returns.
LSTR trades at 23.37X forward 12-month earnings. That is below the truck sub-industry’s 25.64X but above Landstar’s five-year median of 21.88X.
The multiple is not excessive versus the group, but it is not a clear bargain against the company’s own history. It assumes that stronger truck rates, better load activity and earnings growth will continue, rather than fading after one stronger quarter.
LSTR’s Price Target Suggests Meaningful UpsideLandstar’s $222 price target compares with a reported share price of $179.35. That points to meaningful implied upside from that level.
The upside should be weighed against the stock’s recent run. Shares are up 23% year to date and 38% over the trailing 12 months, so further appreciation likely depends on sustained pricing, improving demand and better cash conversion.
Landstar’s balance sheet helps, but cash-flow trends are less favorable. The company had $348 million in cash and short-term investments at quarter-end, while first-half operating cash flow fell to $27.8 million from $62.8 million and free cash flow declined to $19.1 million from $58.4 million.
LSTR’s Scores Favor Near-Term BuyersThe bottom line: Landstar’s earnings rebound, freight-pricing momentum, rising estimates and price-target upside support a positive short-term view.
The stock currently carries a Zacks Rank #1 (Strong Buy), and its Momentum Score of A strengthens the near-term case. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Value Score of D, Growth Score of D and VGM Score of D temper that signal, suggesting LSTR’s appeal rests more on estimate momentum and price strength than on a uniformly favorable factor profile.
California State Teachers Retirement System boosted its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 25.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,944 shares of the transportation company’s stock after buying an additional 8,428 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Landstar System worth $6,564,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in shares of Landstar System during the 4th quarter worth $25,000. Global Retirement Partners LLC raised its holdings in Landstar System by 320.0% in the 4th quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company’s stock worth $27,000 after acquiring an additional 144 shares during the period. Quarry LP acquired a new position in Landstar System during the 3rd quarter worth $25,000. Geneos Wealth Management Inc. lifted its position in Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after acquiring an additional 142 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in Landstar System by 81.0% during the fourth quarter. Private Trust Co. NA now owns 277 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 124 shares during the period. 97.95% of the stock is currently owned by institutional investors.
Insiders Place Their Bets In other Landstar System news, CFO James P. Todd sold 1,200 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $218.17, for a total value of $261,804.00. Following the transaction, the chief financial officer directly owned 15,122 shares in the company, valued at $3,299,166.74. The trade was a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diana M. Murphy sold 11,246 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $221.28, for a total transaction of $2,488,514.88. Following the sale, the director directly owned 18,853 shares in the company, valued at $4,171,791.84. This represents a 37.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.74% of the stock is currently owned by company insiders.
Analysts Set New Price Targets LSTR has been the topic of a number of research analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $195.00 target price on shares of Landstar System in a report on Wednesday, July 29th. Wall Street Zen upgraded Landstar System from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Truist Financial increased their price objective on Landstar System from $190.00 to $205.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Barclays raised their price objective on shares of Landstar System from $155.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Finally, The Goldman Sachs Group boosted their target price on shares of Landstar System from $147.00 to $168.00 and gave the stock a “sell” rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $196.00.
Get Our Latest Research Report on Landstar System
Landstar System Stock Down 1.2% Shares of LSTR opened at $179.35 on Thursday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $206.25 and a two-hundred day moving average price of $178.76. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 46.46 and a beta of 0.90. Landstar System, Inc. has a 12 month low of $119.32 and a 12 month high of $228.46.
Landstar System (NASDAQ:LSTR – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.05). The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. Landstar System had a net margin of 2.64% and a return on equity of 20.84%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.20 earnings per share. Equities analysts predict that Landstar System, Inc. will post 5.8 EPS for the current fiscal year.
Landstar System announced that its board has approved a share buyback program on Tuesday, April 28th that allows the company to buyback 1,115,195,000,000 outstanding shares. This buyback authorization allows the transportation company to repurchase up to 3.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Landstar System Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.44 per share. This is an increase from Landstar System’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, August 18th. Landstar System’s dividend payout ratio is currently 41.45%.
About Landstar System (Free Report)
Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.
Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.
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Amundi boosted its holdings in Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 2,254.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,173 shares of the transportation company’s stock after purchasing an additional 75,810 shares during the quarter. Amundi owned about 0.23% of Landstar System worth $12,692,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. M&T Bank Corp raised its position in shares of Landstar System by 151,424.4% during the 4th quarter. M&T Bank Corp now owns 6,294,325 shares of the transportation company’s stock worth $904,495,000 after purchasing an additional 6,290,171 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Landstar System by 185.5% in the fourth quarter. AQR Capital Management LLC now owns 987,087 shares of the transportation company’s stock valued at $141,844,000 after purchasing an additional 641,319 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Landstar System by 910.2% in the fourth quarter. Millennium Management LLC now owns 541,880 shares of the transportation company’s stock valued at $77,868,000 after purchasing an additional 488,238 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Landstar System by 5,643.4% during the fourth quarter. Bank of Montreal Can now owns 386,758 shares of the transportation company’s stock worth $55,577,000 after buying an additional 380,024 shares during the period. Finally, Corient Private Wealth LLC boosted its position in shares of Landstar System by 99.5% during the fourth quarter. Corient Private Wealth LLC now owns 742,215 shares of the transportation company’s stock worth $105,877,000 after buying an additional 370,253 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.
Analyst Upgrades and Downgrades Several research firms have commented on LSTR. Wall Street Zen upgraded Landstar System from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. UBS Group reaffirmed a “neutral” rating and set a $195.00 price target on shares of Landstar System in a research note on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on shares of Landstar System from $200.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Wolfe Research raised shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $214.00 price objective on the stock in a research report on Tuesday. Finally, Weiss Ratings upgraded shares of Landstar System from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $196.00.
View Our Latest Analysis on LSTR
Landstar System Trading Up 2.7% LSTR opened at $181.62 on Wednesday. Landstar System, Inc. has a twelve month low of $119.32 and a twelve month high of $228.46. The company has a fifty day moving average of $206.69 and a 200-day moving average of $178.59. The stock has a market cap of $6.16 billion, a PE ratio of 47.05 and a beta of 0.90. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.05.
Landstar System (NASDAQ:LSTR – Get Free Report) last issued its earnings results on Tuesday, July 28th. The transportation company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.05). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. Landstar System had a return on equity of 20.84% and a net margin of 2.64%.The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 earnings per share. On average, sell-side analysts predict that Landstar System, Inc. will post 5.8 EPS for the current year.
Landstar System Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Tuesday, August 18th will be issued a $0.44 dividend. This is a boost from Landstar System’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.76 annualized dividend and a yield of 1.0%. Landstar System’s payout ratio is 41.45%.
Landstar System announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 28th that authorizes the company to buyback 1,115,195,000,000 outstanding shares. This buyback authorization authorizes the transportation company to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
Insider Buying and Selling In other Landstar System news, CFO James P. Todd sold 1,200 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $218.17, for a total transaction of $261,804.00. Following the sale, the chief financial officer owned 15,122 shares in the company, valued at $3,299,166.74. This represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Diana M. Murphy sold 11,246 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $221.28, for a total value of $2,488,514.88. Following the completion of the transaction, the director directly owned 18,853 shares of the company’s stock, valued at $4,171,791.84. The trade was a 37.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.74% of the stock is currently owned by insiders.
Landstar System Profile (Free Report)
Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.
Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.
See Also Five stocks we like better than Landstar System System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter Want to see what other hedge funds are holding LSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Landstar System, Inc. (NASDAQ:LSTR – Free Report).
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Vancouver, British Columbia--(Newsfile Corp. - August 5, 2026) - Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) (FSE: PR90) ("Lodestar" or the "Company"), an exploration company focused on unlocking world-class gold potential, reports assay results from the first six reverse-circulation ("RC") holes of its maiden 2,680m drill program at the flagship Gold Run project in Nevada. The initial 1,143 m of drilling at the Robbers Knob target identified multiple gold-silver mineralisation styles and strong bulk-tonnage potential.
oxide Au-AgLSRC02161.5176.815.20.3716.00.270.40Au-Ag polymetallicNote: Assay intervals presented above are hole lengths; true widths are estimated to be 85-95%.
Three mineralisation styles demonstrated at Robbers Knob: broad, near-surface oxide gold-silver intercepts over 30-70 m, comparable to grades exploited in large open-pit, heap-leach operations in northern Nevada; high-grade gold-silver shoots/veins; and a deeper gold-silver polymetallic zone. Detailed magnetics and IP data defined untested chargeability anomalies and northwest-trending structures that provide clear vectors for follow-up drilling.Assays pending for 12 additional RC holes (1,537 m) across three priority targets: Gomes, Black Diamond and Crown North. "These initial results from Robbers Knob validate our geological model and confirm a robust gold-silver system with both bulk-tonnage oxide mineralisation and structurally controlled higher-grade zones," said Lowell Kamin, President & CEO of Lodestar Metals. "We are particularly encouraged by the consistency across multiple holes and the clear vectors for potential expansion highlighted by our geophysical data. With additional assays pending across several targets, we believe this program marks an important step in defining the broader scale potential of the Gold Run project."
5mm
Figure 1. UAV Magnetics map (TMIRTP) showing structural interpretation, maximum gold assays from previous drilling and highlighting assay results from the 2026 drilling at Robbers Knob
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3029/307930_681bee36248c0803_003full.jpg
The maiden RC drill program tested four high-priority gold-silver targets across Gold Run and comprised 18 holes totaling 2,680 m. Final assays have now been received for the first six holes at Robbers Knob, while results are pending for the remaining 12 holes testing Gomes, Black Diamond and Crown North.
Robbers Knob Drill Results
Drilling at Robbers Knob has confirmed three mineralisation styles with clear expansion potential: a shallow bulk-tonnage oxide gold-silver system, a higher-grade structurally controlled gold-silver zone, and a deeper gold-silver polymetallic zone. Figure 1 highlights the structural setting and shows how current drilling aligns with interpreted northwest-trending faults and nearby geophysical targets.
Bulk-Tonnage Gold-Silver Oxide
Broad oxide gold-silver mineralisation was intersected in four holes across the main southern section of Robbers Knob, primarily within a weathered zone at depths of approximately 40 m to 150 m. Key intercepts include 62.5 m grading 0.6 g/t Au and 7.0 g/t Ag from 97.5 m in LSRC03, 36.6 m grading 0.3 g/t Au and 6.0 g/t Ag from 50.3 m in LSRC02, 30.5 m grading 0.3 g/t Au and 6.8 g/t Ag from 51.8 m in LSRC01, and 36.6 m grading 0.2 g/t Au and 3.7 g/t Ag from 137.2 m in LSRC05.
Figure 2. Southern cross section at Robbers Knob showing the geology, oxidation and significant intercepts from LSRC-01, 2, 3 and 5.
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https://images.newsfilecorp.com/files/3029/307930_681bee36248c0803_004full.jpg
Figure 2 illustrates the continuity of the shallow oxide system across the southern section of Robbers Knob. These results support the interpretation of a broad oxide gold-silver target with characteristics comparable to bulk-tonnage, heap-leach style mineralisation seen elsewhere in northern Nevada held by adjacent mining companies Nevada Gold Mines and SSR Mining.
High Grade Gold-Silver Shoots/Veins
Infill hole LSRC04 confirmed the presence of higher-grade gold-silver mineralisation within the broader Robbers Knob system. The hole returned 16.8 m grading 6.1 g/t Au and 41.1 g/t Ag from 132.6 m, including 3.0 m grading 31.9 g/t Au and 181.6 g/t Ag. These results support the interpretation of structurally controlled higher-grade zones that could be repeated along northwest-oriented faults identified in magnetics and mapping (Figure 1).
Figure 3. Northern cross section at Robbers Knob showing the geology, oxidation and significant intercepts from LSRC-04.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3029/307930_681bee36248c0803_005full.jpg
Figure 3 highlights the higher-grade zone intersected in LSRC04 and supports the interpretation that structurally controlled shoots or veins occur within the broader mineralised system. Future exploration may prove that these higher-grade zones provide an important complementary upside to the shallow bulk-tonnage oxide mineralisation.
Deeper Gold-Silver Polymetallic Zone
Deeper drilling also intersected a style of mineralisation not previously recognized in historical drilling at Robbers Knob. Beginning at 161.5 m in LSRC02, the Company intersected 15.2 m of polymetallic mineralisation grading 0.37 g/t Au, 16 g/t Ag, 0.40% Zn, and 0.27% Pb, associated with black manganese oxide and sulphide in fresh rock.
This deeper polymetallic zone represents an additional target horizon beneath the shallow oxide system. Follow-up drilling is expected to test the scale and continuity of this deeper mineralisation.
Expansion Targets
Recent DDIP and drone-supported magnetic surveys have strengthened the Company's targeting model at Robbers Knob. The geophysical data define chargeability anomalies immediately west and north of the current drilling (Figure 4), while magnetics indicate northwest-trending structures that may control higher-grade mineralisation (Figure 1).
Figure 4. 3D view looking north and down of the DDIP showing the new drill results and other Lodestar holes with outstanding assays
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Figure 4 shows the Robbers West and Robbers North anomalies, which extend beyond the current drill footprint and may represent deeper sulphide mineralisation underlying the shallow oxide system. These anomalies, together with the structural interpretation shown in Figure 1, provide clear targets for follow-up drilling.
Pending Assays
Assays are pending for 12 additional holes totaling 1,537 m from three priority targets across Gold Run. These include Gomes, where drilling targeted historical gold-silver mineralisation and an IP anomaly; Black Diamond, where drilling tested high-grade silver-gold mineralisation and two chargeability IP anomalies; and Crown North, where drilling tested the projected northern extension of the Adelaide Crown epithermal gold deposit held by Nevada Gold Mines.
Sampling Procedures and QA/QC
RC holes were drilled by HD Drilling using a 5.5″ hammer with a 5¼″ M40CC hammer bit and reverse circulation methods to minimize contamination and maximise sample size. In some deeper sections of certain RC holes, a 5″ hammer was used to achieve greater depth penetration.
Reverse circulation (RC) drilling was used to obtain representative drill cuttings for geological logging and laboratory assaying. Samples were collected at 5 ft (1.52 m) intervals. Drill cuttings from each interval passed through the cyclone and were split using a rig-mounted rotary splitter. A representative split of approximately 4-9 kg was collected into cloth sample bags for assay. RC drilling was conducted dry where practicable. Where wet RC drilling was required to maintain drilling performance in some deeper or more difficult sections, samples were collected at the same 5 ft intervals using a rotary wet splitter, and recorded by the project manager on the sampling cut sheet for later reference. The drilling contractor cleaned the rig-mounted rotary cone splitter at regular intervals and as required to minimize contamination between samples. RC samples were collected from 5 ft bulk samples using the A-chute of the splitter attached directly to the cyclone. Overall, the drilling and sampling procedures were designed to maximise sample recovery, reduce fines loss, and maintain representative RC samples for geological logging and assay. Cloth bags were marked by the program manager with the drill hole ID and sample interval/footage to maintain sample identification and traceability. All 5 ft split samples were submitted to the laboratory for analysis. All samples are transported in large bags sealed with numbered security tags. The sample bags are picked up by a service contracted by Bureau Veritas to transport the samples directly from site to their facility in Reno, Nevada. The sampling approach is considered appropriate for RC drilling and for the style of mineralisation being tested.
The QA/QC procedure adopted is approximately 3 blank samples per 100 samples, 2 standard samples of known gold and silver grades per 100 samples and 3 field duplicates per 100 samples. All QA/QC samples were within expected tolerances.
RC samples were prepared by Bureau Veritas located in Sparks, Nevada USA using preparation code WGHT. This procedure involved crushing samples to 70% passing 2 mm and pulverising the entire sample to 85% passing 75 µm. Gold analyses were completed in Bureau Veritas located in Vancouver, Canada on a 30 g charge using lead collection fire assay with an atomic absorption spectroscopy (AAS) finish (method FA430). Samples returning over-limit gold values were re-analyzed using a gravimetric finish (method FA530). Multi-element analyses were completed were completed in Bureau Veritas located in Vancouver, Canada following four-acid digestion with inductively coupled plasma optical emission spectroscopy (ICP-ES) using method MA300, which provides analyses for a broad suite of exploration elements. Bureau Veritas applies internal laboratory QA/QC procedures as part of its analytical process. Final analytical results were reported in certified laboratory assay certificates provided to the Company's management and technical team. Bureau Veritas Minerals laboratories operate under an ISO/IEC 17025:2017 accredited quality management system for the relevant mineral analytical methods. The sample preparation and analytical methods are considered appropriate for RC drill-chip samples and for the style of gold and polymetallic mineralisation being tested. True widths of the assay intervals are estimated to be 85-95% of the reported drill hole lengths.
Additional Information
1 A summary of drill targets and intercepts and supporting technical data was provided in the Company's December 2, 2025 news release.
2 The Company has identified historical drill intercepts interpreted from the Property's historical database, which was acquired. The Company has not previously verified the intercepts, and limited information is available regarding sampling methodologies, analytical procedures, and associated QA/QC protocols. The historical intercepts are considered relevant for the purposes of exploration targeting, which is intended to validate and assess the continuity and reliability of the reported mineralisation. Readers are cautioned that the historical information should not be relied upon until it has been independently verified.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Mr. Leo Horn, who is the Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Horn is a consulting director to the Company and is a member of the Australasian Institute of Geoscientists (MAIG). Mr. Horn has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activities being undertaken, to qualify as a Qualified Person as defined by NI 43-101. Mr. Horn has reviewed and verified the technical information contained in this news release and consents to the disclosure of such information in the form and context in which it appears. The Company is not aware of any new information or data that materially affects the scientific or technical information disclosed in this news release.
ABOUT LODESTAR METALS
Lodestar Metals Corp. is a Canadian gold exploration company focused on advancing the Gold Run Project in Nevada, strategically located on a major Carlin-type gold trend and adjacent to some of the largest gold deposits in North America. With decades of combined geological and capital markets expertise, Lodestar follows a disciplined, step-by-step approach to discovery. The Company's strategy is clear: focus capital on high-value targets, move quickly on known mineralisation, and build a compliant gold resource that delivers lasting shareholder value. For more information, please visit www.lodestarmetals.ca.
Forward-Looking Statements
The information set forth in this news release contains forward-looking statements based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Lodestar cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by several material factors, many of which are beyond Lodestar's control. Such factors include, among other things, risks and uncertainties relating to Lodestar's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Table 1: Drilling details for the first 6 holes of Lodestar's recent RC Drill Program at Robbers Knob
Hole_IDX(NAD83)Y (NAD 83)Elevation (m)Final Depth (m)AzimuthDipLSRC-0145510945188701894.8147.864.7-44.5LSRC-0245507445188801891.8213.489.8-44.7LSRC-0345503745188841889.816085.9-49.4LSRC-0445496845189471872.8201.288.0-44.8LSRC-0545500245188801889.0217.991.2-59.8LSRC-0645513545190101861.7202.7102.1-49.3Table 2: Composite assay results for the first 6 holes of Lodestar's recent RC Drill Program at Robbers Knob
HoleIDFromToInterval(m)Au g/tAg g/tPb %Zn %Cut-off Au g/tLSRC0151.882.330.50.336.8
Investors might want to bet on Landstar System (LSTR - Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Landstar is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Landstar, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for LandstarFor the fiscal year ending December 2026, this freight shipper and warehouser is expected to earn $5.76 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Landstar. Over the past three months, the Zacks Consensus Estimate for the company has increased 3.7%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Landstar to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
A downtrend has been apparent in Landstar System (LSTR - Free Report) lately with too much selling pressure. The stock has declined 14.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Why LSTR Could Bounce Back Before LongThe RSI reading of 22.81 for LSTR is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.
The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for LSTR has increased 3.4%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, LSTR currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Arrowstreet Capital Limited Partnership reduced its stake in Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 18.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 136,203 shares of the transportation company’s stock after selling 30,760 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.40% of Landstar System worth $21,835,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its holdings in shares of Landstar System by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 3,767 shares of the transportation company’s stock valued at $566,000 after purchasing an additional 336 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Landstar System by 57.1% in the first quarter. Goldman Sachs Group Inc. now owns 138,009 shares of the transportation company’s stock worth $20,729,000 after acquiring an additional 50,142 shares in the last quarter. Empowered Funds LLC increased its position in shares of Landstar System by 38.3% during the first quarter. Empowered Funds LLC now owns 4,687 shares of the transportation company’s stock worth $704,000 after acquiring an additional 1,298 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Landstar System by 13.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,341 shares of the transportation company’s stock valued at $21,380,000 after purchasing an additional 16,698 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Landstar System by 132.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after acquiring an additional 142 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets In related news, Director Diana M. Murphy sold 11,246 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $221.28, for a total value of $2,488,514.88. Following the sale, the director directly owned 18,853 shares of the company’s stock, valued at approximately $4,171,791.84. This represents a 37.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James P. Todd sold 1,200 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $218.17, for a total transaction of $261,804.00. Following the transaction, the chief financial officer owned 15,122 shares of the company’s stock, valued at $3,299,166.74. This trade represents a 7.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.74% of the company’s stock.
Trending Headlines about Landstar System Here are the key news stories impacting Landstar System this week:
Positive Sentiment: Landstar reported second-quarter revenue of $1.432 billion, up 18.2% year over year and above the $1.34 billion consensus estimate. Stronger truck rates, load growth and higher business capacity-owner utilization supported the results. Landstar System Reports Second Quarter Revenue and EPS Positive Sentiment: Management’s second-quarter call highlighted pricing power, suggesting Landstar has been able to maintain or improve freight rates despite industry conditions. Earnings of $1.44 per share also exceeded the $1.42 Zacks estimate and rose from $1.20 a year earlier. Landstar Q2 Call Shows Pricing Power Positive Sentiment: Landstar raised its quarterly dividend 10% to $0.44 per share, payable September 9 to shareholders of record August 18. The increase signals confidence in cash generation and shareholder returns. Landstar Posts Strong Q2 Results and Raises Dividend Neutral Sentiment: JPMorgan raised its price target from $198 to $204 but retained a neutral rating, while Robert W. Baird maintained an outperform rating despite lowering its target from $225 to $215. The revisions imply analysts see upside but remain cautious about valuation and execution. Negative Sentiment: Reported EPS of $1.44 was below the broader analyst consensus of $1.49, even though it beat the lower Zacks estimate. The earnings shortfall likely outweighed the revenue beat for some investors, particularly with the stock trading at a relatively elevated P/E ratio. Landstar Q2 Earnings and Revenue Results Wall Street Analysts Forecast Growth A number of research firms recently commented on LSTR. Stifel Nicolaus increased their target price on shares of Landstar System from $186.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday. The Goldman Sachs Group raised their price objective on shares of Landstar System from $147.00 to $168.00 and gave the stock a “sell” rating in a research report on Thursday, July 16th. Truist Financial lifted their price objective on shares of Landstar System from $190.00 to $205.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Susquehanna upped their target price on shares of Landstar System from $195.00 to $230.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. upped their price target on Landstar System from $198.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Landstar System presently has a consensus rating of “Hold” and an average price target of $194.62.
View Our Latest Research Report on Landstar System
Landstar System Price Performance Landstar System stock opened at $177.83 on Thursday. The company has a market cap of $6.03 billion, a P/E ratio of 46.07 and a beta of 0.89. Landstar System, Inc. has a one year low of $119.32 and a one year high of $228.46. The business has a fifty day moving average of $208.26 and a two-hundred day moving average of $178.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.88 and a current ratio of 1.88.
Landstar System (NASDAQ:LSTR – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.05). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.34 billion. Landstar System had a return on equity of 20.90% and a net margin of 2.64%.The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. As a group, analysts predict that Landstar System, Inc. will post 5.73 earnings per share for the current fiscal year.
Landstar System announced that its Board of Directors has approved a share buyback plan on Tuesday, April 28th that allows the company to repurchase 1,115,195,000,000 shares. This repurchase authorization allows the transportation company to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Landstar System Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.0%. This is a positive change from Landstar System’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, August 18th. Landstar System’s dividend payout ratio is currently 44.20%.
About Landstar System (Free Report)
Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.
Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.
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Key Takeaways Landstar's Q2 earnings rose 20%, while revenues climbed 18.2% on stronger truck rates and volumes.Truck revenues increased 19.3% as revenue per load rose 17% and truckloads grew 1.9%.Landstar rewarded its shareholders with almost $120 million during the first half of 2026. Landstar System, Inc. (LSTR - Free Report) reported solid second-quarter 2026 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate as well as improved year over year.
Quarterly earnings of $1.44 per share beat the Zacks Consensus Estimate of $1.42 by 1.4%. Earnings rose 20% from $1.20 a year earlier.
Revenues of $1.43 billion surpassed the consensus mark of $1.32 billion by 8.3% and increased 18.2% year over year. Higher truck rates and modest load growth drove the top line, with truck revenue per load climbing 17% year over year.
LSTR's Truck Business Powers Revenue GrowthTruck transportation revenues increased 19.3% year over year to $1.33 billion and represented 93% of total revenues. The number of truckloads rose 1.9% year over year to 510,250, while revenue per truckload increased to $2,614 from $2,234.
Van-equipment revenues grew 21.4% year over year to $717.51 million, supported by a 4.8% year-over-year increase in loads and a 15.8% rise in revenue per load. Unsided and platform revenues increased 22.8% year over year to $492.17 million as loads rose 2.4% and revenue per load jumped 19.9%.
Consumer durables remained the largest market served, accounting for 28.3% of transportation logistics revenues. Revenues from that market increased 24% year over year, while energy revenues surged 76%. Building products revenues rose 24% year over year, machinery revenues increased 17% and automotive revenues advanced 5%.
Landstar's Other Services Deliver Mixed ResultsRail intermodal revenues increased 26% year over year to $27.76 million. Rail loads rose 9% year over year to 8,520, while revenue per load increased 15.7% to $3,258, providing growth from both volume and pricing.
Ocean and air-cargo revenues declined 2.1% year over year to $49.74 million as a 3.8% year-over-year decrease in loads offset a 1.8% increase in revenue per load. Other truck transportation revenues fell 1.6% year over year to $99.07 million.
Less-than-truckload revenues edged down 0.7% year over year to $25.12 million. A 24.9% reduction in loadings more than offset a 32.1% improvement in revenue per load, reflecting a sizable shift in the mix of shipments handled during the quarter.
LSTR's Profitability Improves Despite Insurance PressureGross profit increased 21.1% year over year to $132.34 million, and gross margin expanded 20 basis points from the year-ago reported quarter to 9.2%. Variable contribution, which excludes purchased transportation and agent commissions, rose 17% year over year to $199.43 million. The related margin contracted 20 basis points from the year-ago reported quarter to 13.9%.
Insurance and claims expense increased 29.3% year over year to $39.36 million, mainly due to unfavorable development of prior-year claims. Selling, general and administrative expenses rose 22.4% year over year to $68.19 million, partly limiting operating leverage despite strong revenue growth.
Landstar's Capacity Trends Support Freight DemandThe company added a net 68 trucks provided by business capacity owners during the quarter, its strongest quarterly increase since the first quarter of 2022. BCO trucks totaled 8,544 at the second-quarter end.
BCO-hauled loads increased 10.1% year over year to 224,600, while revenues generated through BCO capacity rose 22% year over year to $563.07 million. The stronger utilization of this dedicated capacity supported Landstar's truck performance.
Management said that truck volumes and revenue per load outpaced normal seasonal patterns. July truckloads were about 5% above the prior-year level, while truck revenue per load was approximately 26% higher, indicating continued momentum entering the third quarter.
LSTR's Balance Sheet Remains StrongAt the end of second-quarter 2026, Landstar had cash and cash equivalents of $294.35 million compared with $353.25 million recorded at the prior-quarter end. Additionally, long-term debt (excluding current maturities) totaled $42.08 million at the end of the second quarter compared with $43.14 million at the prior-quarter end.
Cash flow from operations totaled $27.8 million in the first half, while capital expenditures were $8.7 million and free cash flow was $19.1 million. First-half free cash flow declined from $58.4 million reported in the second quarter of 2025.
Dividend Hike Update & Share BuybacksConcurrent with its second-quarter 2026 earnings release, Landstar’s board of directors approved a dividend hike of 10%, thereby raising its quarterly cash dividend to 44 cents per share ($1.76 annualized) from 40 cents ($1.60 annualized). The raised dividend will be paid out on Sept. 9, 2026, to shareholders of record at the close of business on Aug. 18. The move reflects LSTR’s intention to utilize free cash to enhance its shareholders’ returns.
Landstar did not purchase shares in the second quarter of 2026. However, during the first half of 2026, Landstar purchased 150,923 shares of its common stock for $22.6 million. Landstar is currently authorized to purchase up to an additional 1,115,195 shares under its longstanding share purchase program.
Overall, Landstar returned nearly $120 million to shareholders through dividends ($95.3 million) and share repurchases ($24.1 million) during the first half of 2026.
Currently, Landstar carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Q2 Performances of Other Transportation CompaniesDelta Air Lines (DAL - Free Report) reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability.
Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenue per available seat mile, or TRASM, 12.4%, while premium and diversified revenue streams continued to expand.
United Airlines Holdings, Inc. (UAL - Free Report) reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%.
Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs.
J.B. Hunt Transport Services, Inc. (JBHT - Free Report) reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%.
Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads.
Dimensional Fund Advisors LP raised its position in Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 683,119 shares of the transportation company’s stock after purchasing an additional 15,825 shares during the quarter. Dimensional Fund Advisors LP owned 2.01% of Landstar System worth $109,506,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new position in shares of Landstar System during the fourth quarter worth about $25,000. Quarry LP acquired a new stake in Landstar System in the third quarter valued at $25,000. Global Retirement Partners LLC raised its stake in shares of Landstar System by 320.0% in the 4th quarter. Global Retirement Partners LLC now owns 189 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 144 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after buying an additional 142 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Landstar System by 1,490.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 318 shares of the transportation company’s stock worth $39,000 after purchasing an additional 298 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.
Insider Activity at Landstar System In related news, CFO James P. Todd sold 1,200 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $218.17, for a total value of $261,804.00. Following the sale, the chief financial officer directly owned 15,122 shares in the company, valued at $3,299,166.74. This trade represents a 7.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Diana M. Murphy sold 11,246 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $221.28, for a total transaction of $2,488,514.88. Following the completion of the sale, the director owned 18,853 shares in the company, valued at approximately $4,171,791.84. This trade represents a 37.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.74% of the company’s stock.
Wall Street Analyst Weigh In Several research firms recently commented on LSTR. Evercore set a $181.00 target price on Landstar System in a research report on Wednesday, April 29th. Morgan Stanley reissued an “underweight” rating and set a $145.00 target price on shares of Landstar System in a research note on Monday, July 6th. The Goldman Sachs Group increased their price target on shares of Landstar System from $147.00 to $168.00 and gave the stock a “sell” rating in a research report on Thursday, July 16th. Stephens raised Landstar System to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, UBS Group increased their price target on shares of Landstar System from $147.00 to $185.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $192.67.
View Our Latest Analysis on LSTR
Landstar System Trading Down 3.3% LSTR stock opened at $185.32 on Wednesday. The firm has a market cap of $6.29 billion, a P/E ratio of 51.19 and a beta of 0.89. The business’s 50 day moving average is $208.49 and its 200-day moving average is $177.83. Landstar System, Inc. has a 1-year low of $119.32 and a 1-year high of $228.46. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.05.
Landstar System (NASDAQ:LSTR – Get Free Report) last issued its earnings results on Tuesday, July 28th. The transportation company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.05). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. Landstar System had a net margin of 2.62% and a return on equity of 19.49%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 EPS. Equities analysts anticipate that Landstar System, Inc. will post 5.73 earnings per share for the current fiscal year.
Landstar System declared that its Board of Directors has authorized a share buyback program on Tuesday, April 28th that authorizes the company to repurchase 1,115,195,000,000 shares. This repurchase authorization authorizes the transportation company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
Landstar System Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.76 annualized dividend and a yield of 0.9%. This is an increase from Landstar System’s previous quarterly dividend of $0.40. Landstar System’s dividend payout ratio (DPR) is presently 44.20%.
Landstar System Profile (Free Report)
Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.
Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.
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Is Landstar the Next Big Winner in Transportation Stocks?Landstar System NASDAQ: LSTR reported stronger freight revenue and pricing in the second quarter of 2026, while higher insurance and claims costs, including unfavorable development on prior-year claims, remained a significant challenge.
Revenue increased 18% from the prior-year quarter, President and CEO Frank Lonegro said, as truck revenue per load climbed 17% and the number of truckloads hauled rose nearly 2%. The company said both pricing and load volumes exceeded typical pre-pandemic seasonal patterns, with truck capacity tightening during the quarter.
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Forget Tariffs, Landstar and West Fraser Can Still Rally “Market conditions which have favored the shipper since late 2022 have begun shifting rather rapidly in favor of the transportation provider,” Lonegro said.
Pricing, Heavy Haul Drive Revenue Growth Chief Financial Officer Jim Todd said the 17% year-over-year increase in truck revenue per load reflected a 19.9% gain in revenue per load for unsided platform equipment and a 15.8% increase for van equipment. Sequentially, truck revenue per load increased 14.4% from the first quarter, which Todd described as the company’s largest sequential increase in more than 15 years.
Landstar Systems Stock Can Bottom Down Here Heavy haul remained a key source of growth. Landstar generated approximately $164 million in heavy haul revenue, up 18% year over year, supported by a 9% increase in loads and an 8% increase in revenue per load. Management said demand was broad-based across areas including data centers, power and energy, aerospace, defense and machinery.
Jim Applegate, Vice President and Chief Corporate Sales, Strategy and Specialized Freight Officer, said the company has seen new customers enter its top-customer list and characterized its customer pipeline as strong through the rest of 2026 and into 2027. Todd said 22 heavy-haul customers increased their volume with Landstar by at least 50 loads during the quarter.
Transportation and Logistics segment revenue rose 18%, driven by a 16% increase in revenue per load and a 2% increase in volume. Consumer durables revenue grew 24%, while loadings in building products rose 8% and electrical loadings increased 31%. Automotive equipment and parts loadings declined 1%.
Margins Face Brokerage and Claims Pressure Second-quarter gross profit totaled $132.3 million, compared with $109.3 million a year earlier. Gross profit margin was 9.2%, up from 9.0%. Variable contribution increased to $199.4 million from $170.5 million, though variable contribution margin declined to 13.9% from 14.1%.
Todd attributed the margin decline primarily to lower truck brokerage profitability as the rate paid to brokerage carriers was 136 basis points higher than in the prior-year period. Brokerage net revenue margin compressed 129 basis points sequentially as carrier capacity tightened.
Insurance and claims costs rose to $39.4 million from $30.4 million a year earlier, representing 7.0% of BCO revenue, compared with 6.6% in the 2025 quarter. The company recorded $10.5 million of net unfavorable adjustments to prior-year claim estimates, versus $2.3 million a year earlier. Lonegro said the prior-year development was almost entirely tied to five specific claims, including three truck brokerage claims.
Management discussed the impact of the Montgomery legal decision and broader broker-liability environment. Lonegro said smaller and medium-sized brokers could face increased legal and financial risk, potentially making Landstar’s platform more attractive to prospective agents. The company said it renewed its insurance coverage effective June 1 and reported a favorable outcome, with auto liability coverage effectively flat and broker liability coverage increasing 3%.
Matt Miller, Vice President and Chief Safety and Operations Officer, said Landstar reduced its approved third-party carrier base to just over 64,000 from more than 100,000 in the second quarter of 2022, a 35% reduction. He said the tighter vetting process has been supported by investments in technology and information developed partly in response to cargo fraud risks.
BCO Network Shows Improvement Landstar’s BCO truck count declined less than 1% from the end of the 2025 second quarter but increased about 80 basis points sequentially. The company added a net 68 trucks during the second quarter, its strongest quarterly improvement since the first quarter of 2022, and said truck count increased by a net 49 vehicles during the first four weeks of the third quarter.
The trailing 12-month BCO turnover rate fell to 28.3% at the end of the second quarter from 31.4% at the end of 2025. Miller said gross truck additions rose 4.2% sequentially and gross cancellations fell 13.6%.
Landstar reported a DOT-reportable accident frequency rate of 0.62 accidents per million miles in the first half, below its 0.67 rate in the first half of 2025. The company also said it had 457 agents producing at least $1 million in revenue based on 2025 results.
Capital Returns and Third-Quarter Commentary Landstar ended the quarter with $348 million in cash and short-term investments. Cash flow from operations was $28 million in the first half, while cash capital expenditures were $9 million. Free cash flow was negative in the second quarter because of sharp sequential revenue growth and associated working-capital needs, Todd said.
During the first half, the company returned about $120 million to shareholders, including approximately $95 million in dividends and $24 million in share repurchases. Its board declared a quarterly dividend of $0.44 per share, payable Sept. 9 to shareholders of record on Aug. 18. The dividend represented a 10% increase from the regular quarterly dividend declared following each of the preceding five quarters.
Rather than issue formal third-quarter guidance, Landstar provided operating commentary because of what it called a fluid freight, geopolitical and litigation backdrop. July truckloads were approximately 5% above July 2025, while revenue per load was approximately 26% higher year over year. Todd said July demand was modestly ahead of normal seasonal patterns, while pricing remained about 150 basis points better than typical seasonal trends.
The company also announced that Bill Clement will join Landstar as Vice President and Chief Commercial Officer on Aug. 1, while Applegate will become Chief Strategy and Transformation Officer.
About Landstar System (NASDAQ:LSTR)Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar's proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.
Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.
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For the quarter ended June 2026, Landstar System (LSTR - Free Report) reported revenue of $1.43 billion, up 18.2% over the same period last year. EPS came in at $1.44, compared to $1.20 in the year-ago quarter.
The reported revenue represents a surprise of +8.31% over the Zacks Consensus Estimate of $1.32 billion. With the consensus EPS estimate being $1.42, the EPS surprise was +1.41%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Landstar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue per load - Ocean and air cargo carriers: $6,947.00 compared to the $6,975.46 average estimate based on three analysts.Revenue per load - Rail Intermodal: $3,258.00 compared to the $2,889.02 average estimate based on three analysts.Number of loads - Total: 525,930 versus 520,775 estimated by three analysts on average.Number of loads - Truck Transportation: 510,250 versus the three-analyst average estimate of 506,429.Investment income: $2.71 million versus the five-analyst average estimate of $3.25 million. The reported number represents a year-over-year change of -27.5%.Revenue: $1.43 billion compared to the $1.32 billion average estimate based on five analysts. The reported number represents a change of +18.2% year over year.Revenue- Other: $20.88 million versus $22.21 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.2% change.Revenue- Rail Intermodal: $27.76 million compared to the $22.42 million average estimate based on three analysts. The reported number represents a change of +26% year over year.Revenue- Truck Transportation: $1.33 billion versus the three-analyst average estimate of $1.24 billion. The reported number represents a year-over-year change of +19.3%.Revenue- Ocean and air cargo carriers: $49.74 million versus the three-analyst average estimate of $45.97 million. The reported number represents a year-over-year change of -2.1%.Revenue- Truck Transportation- Other Truck transportation: $99.07 million versus the two-analyst average estimate of $107.5 million. The reported number represents a year-over-year change of -1.6%.Revenue- Truck Transportation- Less-than-truckload: $25.12 million versus the two-analyst average estimate of $26.61 million. The reported number represents a year-over-year change of -0.8%.View all Key Company Metrics for Landstar here>>>
Shares of Landstar have returned -8.3% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Landstar System, Inc. (LSTR) Q2 2026 Earnings Call July 28, 2026 4:30 PM EDT
Company Participants
James Todd - VP, Principal Accounting Officer & CFO
Frank Lonegro - President, CEO & Director
Matthew Miller - VP and Chief Safety & Operations Officer
James Applegate - VP and Chief Corporate Sales, Strategy & Specialized Freight Officer
Conference Call Participants
Scott Group - Wolfe Research, LLC
Jonathan Chappell - Evercore ISI Institutional Equities, Research Division
Paul Stoddard - Goldman Sachs Group, Inc., Research Division
Brandon Oglenski - Barclays Bank PLC, Research Division
Thomas Wadewitz - UBS Investment Bank, Research Division
Brian Ossenbeck - JPMorgan Chase & Co, Research Division
Uday Khanapurkar - TD Cowen, Research Division
Bascome Majors - Stephens Inc., Research Division
Stephanie Benjamin Moore - Jefferies LLC, Research Division
J. Bruce Chan - Stifel, Nicolaus & Company, Incorporated, Research Division
Christian Wetherbee - Wells Fargo Securities, LLC, Research Division
Harrison Bauer - Susquehanna Financial Group, LLLP, Research Division
Presentation
Operator
Good afternoon, and welcome to Landstar System, Inc. Second Quarter Earnings Release Conference Call. [Operator Instructions] Today's call is being recorded. If you have any objections, you may disconnect at this time.
Joining us today from Landstar are Frank Lonegro, President and CEO; Jim Applegate, Vice President and Chief Corporate Sales, Strategy and Specialized Freight Officer; Jim Todd, Vice President and CFO; Matt Miller, Vice President and Chief Safety and Operations Officer.
Now I'd like to turn the call over to Mr. Jim Todd. Sir, you may begin.
James Todd
VP, Principal Accounting Officer & CFO
Thanks, Arlene. Good afternoon, and welcome to Landstar's 2026 Second Quarter Earnings Conference Call.
Before we begin, let me read the following statement. The following is a safe harbor statement under the Private Securities Litigation Reform Act of 1995. Statements made during this conference call that are not based on historical facts are forward-looking statements. During this conference call, we may
JACKSONVILLE, Fla., July 28, 2026 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported its financial results for the 2026 second quarter. The Company reported total revenue of $1.432 billion in the 2026 second quarter, an increase of 18% as compared to revenue of $1.211 billion in the 2025 second quarter, and basic and diluted earnings per share (“EPS”) of $1.44 in the 2026 second quarter, an increase of 20% as compared to EPS of $1.20 per share in the 2025 second quarter. The Company also reported a 21% increase in gross profit and a 17% increase in variable contribution (defined as revenue less the cost of purchased transportation and commissions to agents) in the 2026 second quarter, as compared in each case to the 2025 second quarter.
“The Landstar team of independent business owners and employees truly shined in a rapidly improving freight transportation backdrop. I was pleased that our network generated both truck volumes and truck revenue per load that outpaced normal seasonal patterns, with variable contribution increasing approximately 17% year-over-year,” said Landstar President and Chief Executive Officer Frank Lonegro. “I was delighted to see our net 68 BCO truck additions during the second quarter, the strongest quarterly improvement since the first quarter of 2022. Although the Company experienced a lower DOT accident frequency during the 2026 first half, increased insurance and claims expense, primarily attributable to unfavorable development of prior years’ claims, had an adverse impact on our second quarter results. The claim environment for freight transportation providers remains challenging, especially with the U.S. Supreme Court’s recent Montgomery decision relating to potential broker liability.”
2Q 2026 2Q 2025Change ($)Change (%) Revenue$1,432,264$1,211,383$220,881 18.2% Gross profit$132,337$109,261$23,076 21.1% Variable contribution$199,429$170,450$28,979 17.0% Operating income$66,228$56,280$9,948 17.7% Basic and diluted earnings per share (“EPS”)$1.44$1.20$0.24 20.0% (1) Dollars above in thousands, except per share amounts. (2) Please refer to the Consolidated Statements of Income and the Reconciliation of Gross Profit to Variable Contribution included below. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.44 per share payable on September 9, 2026, to stockholders of record as of the close of business on August 18, 2026. This quarterly dividend includes a 10% increase over the amount of the Company’s regular quarterly dividend declared following each of the prior five quarters. It is currently the intention of the Board to continue to pay dividends on a quarterly basis going forward. Landstar continues to return capital to stockholders through the Company’s stock purchase program and dividends. While Landstar did not purchase shares in the second quarter, during the 2026 first half, Landstar purchased 150,923 shares of its common stock at an aggregate cost of $22.6 million. The Company is currently authorized to purchase up to an additional 1,115,195 shares of the Company’s common stock under its longstanding share purchase program.
During the 2026 second quarter, truck revenue was $1,334 million, or 19% higher, as compared to the 2025 second quarter truck revenue of $1,118 million. Truck revenue per load increased approximately 17% in the 2026 second quarter compared to the 2025 second quarter, and the number of loads hauled via truck increased approximately 2% compared to the 2025 second quarter.
Truck transportation revenue hauled by independent business capacity owners (“BCOs”) and truck brokerage carriers in the 2026 second quarter was 93% of revenue, compared to 92% of revenue in the 2025 second quarter. Truckload transportation revenue hauled via van equipment in the 2026 second quarter was $718 million, compared to $591 million in the 2025 second quarter. Truckload transportation revenue hauled via unsided/platform equipment in the 2026 second quarter was $492 million, compared to $401 million in the 2025 second quarter. Revenue from other truck transportation, which is largely related to power-only services, in the 2026 second quarter was $99 million, compared to $101 million in the 2025 second quarter. Revenue hauled by rail, air and ocean cargo carriers was $78 million, or 5% of revenue, in the 2026 second quarter, compared to $73 million, or 6% of revenue, in the 2025 second quarter.
Gross profit in the 2026 second quarter was $132 million, as compared to $109 million in the 2025 second quarter. Variable contribution in the 2026 second quarter was $199 million, compared to $170 million in the 2025 second quarter. Reconciliations of gross profit to variable contribution and gross profit margin to variable contribution margin for the 2026 and 2025 second quarters and year-to-date periods are provided in the Company’s accompanying financial disclosures.
The Company’s balance sheet continues to be very strong, with cash and short-term investments of approximately $348 million as of June 27, 2026. Trailing twelve-month return on average shareholders’ equity was 16%. Return on invested capital, representing net income divided by the sum of average equity plus average debt, was 14%.
Landstar will provide a live webcast of its quarterly earnings conference call this afternoon at 4:30 p.m. ET. To access the webcast, visit www.investor.landstar.com; click on “Webcasts,” then click on “Landstar’s Second Quarter 2026 Earnings Release Conference Call.” A slide presentation to accompany the webcast presentation is also available on Landstar’s investor relations website at https://investor.landstar.com/.
About Landstar:
Landstar System, Inc., is a technology-enabled, asset-light provider of freight transportation and logistics solutions focused on safety, security and service to a broad range of customers utilizing a network of agents, third-party capacity providers and employees. Landstar transportation services companies are certified to ISO 9001:2015 quality management system standards and RC14001:2015 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.
Non-GAAP Financial Measures:
In this earnings release and accompanying financial disclosures, the Company provides the following information that may be deemed non-GAAP financial measures: variable contribution and variable contribution margin. The Company believes variable contribution and variable contribution margin are useful measures of the variable costs that we incur at a shipment-by-shipment level attributable to our transportation network of third-party capacity providers and independent agents in order to provide services to our customers. The Company also believes that it is appropriate to present each of the financial measures that may be deemed a non-GAAP financial measure, as referred to above, for the following reasons: (1) disclosure of these matters will allow investors to better understand the underlying trends in the Company’s financial condition and results of operations; (2) this information will facilitate comparisons by investors of the Company’s results as compared to the results of peer companies; and (3) management considers this financial information in its decision making.
Forward Looking Statements Disclaimer:
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not based on historical facts are “forward-looking statements.” This press release contains forward-looking statements, such as statements which relate to Landstar’s business objectives, plans, strategies and expectations. Terms such as “anticipates,” “believes,” “estimates,” “intention,” “expects,” “plans,” “predicts,” “may,” “should,” “could,” “would,” “will,” the negative thereof and similar expressions are intended to identify forward-looking statements. Such statements are by nature subject to uncertainties and risks, including but not limited to: decreased demand for transportation services; U.S. trade relationships and potential or imposed tariffs; an increase in the frequency or severity of accidents or other claims; unfavorable development of existing accident claims; dependence on third party insurance companies; dependence on independent commission sales agents; dependence on third party capacity providers; the impact of the Russian conflict with Ukraine on the operations of certain independent commission sales agents, including the Company’s second largest such agent by revenue in the 2025 fiscal year; substantial industry competition; disruptions or failures in the Company’s computer systems; cyber and other information security incidents; dependence on key vendors; potential changes in taxes; status of independent contractors; regulatory and legislative changes; regulations focused on diesel emissions and other air quality matters; regulations requiring the purchase and use of zero-emission vehicles; intellectual property; acquisitions and investments; and other operational, financial or legal risks or uncertainties detailed in Landstar’s Form 10-K for the 2025 fiscal year, described in Part I, Item 1A Risk Factors, and in other SEC filings from time to time. These risks and uncertainties could cause actual results or events to differ materially from historical results or those anticipated. Investors should not place undue reliance on such forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements.
Landstar System, Inc. and Subsidiary Consolidated Statements of Income (Dollars in thousands, except per share amounts) (Unaudited) Twenty-Six Weeks Ended Thirteen Weeks Ended June 27, June 28, June 27, June 28, 2026 2025 2026 2025 Revenue $2,603,555 $2,363,885 $1,432,264 $1,211,383 Investment income 5,679 7,327 2,705 3,729 Costs and expenses: Purchased transportation 2,030,397 1,839,289 1,123,400 941,411 Commissions to agents 201,578 192,836 109,435 99,522 Other operating costs, net of gains on asset sales/dispositions 32,745 31,424 17,945 19,595 Insurance and claims 74,923 70,301 39,359 30,449 Selling, general and administrative 129,158 117,288 68,193 55,706 Depreciation and amortization 20,969 24,375 10,409 12,149 Total costs and expenses 2,489,770 2,275,513 1,368,741 1,158,832 Operating income 119,464 95,699 66,228 56,280 Interest and debt expense 1,330 539 812 698 Income before income taxes 118,134 95,160 65,416 55,582 Income taxes 29,743 23,461 16,465 13,689 Net income $88,391 $71,699 $48,951 $41,893 Basic and diluted earnings per share $2.60 $2.05 $1.44 $1.20 Average basic and diluted shares outstanding 33,979,000 35,037,000 33,935,000 34,870,000 Dividends per common share $0.80 $0.76 $0.40 $0.40 Landstar System, Inc. and Subsidiary Consolidated Balance Sheets (Dollars in thousands, except per share amounts) (Unaudited) June 27, December 27, 2026 2025 ASSETS Current assets: Cash and cash equivalents $294,350 $396,694 Short-term investments 53,352 55,531 Trade accounts receivable, less allowance of $9,135 and $12,490 866,879 670,137 Other receivables, including advances to independent contractors, less allowance of $14,727 and $18,759 47,306 52,784 Assets held for sale - 12,231 Other current assets 59,159 28,949 Total current assets 1,321,046 1,216,326 Operating property, less accumulated depreciation and amortization of $488,271 and $473,642
252,963 261,322 Goodwill 34,005 34,005 Other assets 134,521 124,282 Total assets $1,742,535 $1,635,935 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Cash overdraft $71,849 $56,654 Accounts payable 468,780 369,567 Current maturities of long-term debt 24,686 28,342 Insurance claims 59,020 87,343 Dividends payable - 68,117 Liabilities held for sale - 6,961 Other current liabilities 99,588 78,856 Total current liabilities 723,923 695,840 Long-term debt, excluding current maturities 42,088 48,480 Insurance claims 98,686 62,706 Deferred income taxes and other non-current liabilities 41,108 33,244 Shareholders' equity: Common stock, $0.01 par value, authorized 160,000,000 shares, issued 68,631,174 and 68,590,708
686 686 Additional paid-in capital 266,673 261,256 Retained earnings 2,913,890 2,852,680 Cost of 34,694,249 and 34,531,982 shares of common stock in treasury
(2,336,862) (2,313,245) Accumulated other comprehensive loss (7,657) (5,712) Total shareholders' equity 836,730 795,665 Total liabilities and shareholders' equity$1,742,535 $1,635,935 Landstar System, Inc. and Subsidiary Supplemental Information (Unaudited) Twenty-Six Weeks Ended Thirteen Weeks Ended June 27, June 28, June 27, June 28, 2026 2025 2026 2025 Revenue generated through (in thousands): Truck transportation Truckload: Van equipment $1,320,919 $1,186,071 $717,513 $591,276 Unsided/platform equipment 860,737 741,270 492,168 400,862 Less-than-truckload 48,912 47,749 25,124 25,313 Other truck transportation (1) 185,591 192,766 99,073 100,687 Total truck transportation 2,416,159 2,167,856 1,333,878 1,118,138 Rail intermodal 47,075 39,515 27,761 22,028 Ocean and air cargo carriers 97,713 116,426 49,744 50,789 Other (2) 42,608 40,088 20,881 20,428 $2,603,555 $2,363,885 $1,432,264 $1,211,383 Revenue on loads hauled via BCO Independent Contractors (3) included in total truck transportation $1,038,421 $888,489 $563,073 $461,432 Number of loads: Truck transportation Truckload: Van equipment 575,472 572,154 297,761 284,091 Unsided/platform equipment 246,695 246,241 132,141 128,996 Less-than-truckload 65,895 76,830 30,970 41,250 Other truck transportation (1) 95,768 90,185 49,378 46,173 Total truck transportation 983,830 985,410 510,250 500,510 Rail intermodal 15,110 13,970 8,520 7,820 Ocean and air cargo carriers 13,870 16,560 7,160 7,440 1,012,810 1,015,940 525,930 515,770 Loads hauled via BCO Independent Contractors (3) included in total truck transportation 432,210 398,000 224,600 203,930 Revenue per load: Truck transportation Truckload: Van equipment $2,295 $2,073 $2,410 $2,081 Unsided/platform equipment 3,489 3,010 3,725 3,108 Less-than-truckload 742 621 811 614 Other truck transportation (1) 1,938 2,137 2,006 2,181 Total truck transportation 2,456 2,200 2,614 2,234 Rail intermodal 3,115 2,829 3,258 2,817 Ocean and air cargo carriers 7,045 7,031 6,947 6,826 Revenue per load on loads hauled via BCO Independent Contractors (3) $2,403 $2,232 $2,507 $2,263 Revenue by capacity type (as a % of total revenue): Truck capacity providers: BCO Independent Contractors (3) 40% 38% 39% 38% Truck Brokerage Carriers 53% 54% 54% 54% Rail intermodal 2% 2% 2% 2% Ocean and air cargo carriers 4% 5% 3% 4% Other 2% 2% 1% 2% June 27, June 28, 2026 2025 Truck Capacity Providers: BCO Independent Contractors (3) 7,719 7,844 Truck Brokerage Carriers: Approved and active (4) 37,656 41,842 Other approved 26,951 27,672 64,607 69,514 Total available truck capacity providers 72,326 77,358 Trucks provided by BCO Independent Contractors (3) 8,544 8,611 (1) Includes power-only, expedited, straight truck, cargo van, and miscellaneous other truck transportation revenue generated by the transportation logistics segment. Power-only refers to shipments where the Company furnishes a power unit and an operator but not trailing equipment, which is typically provided by the shipper or consignee.
(2) Includes primarily reinsurance premium revenue generated by the insurance segment and intra-Mexico transportation services revenue generated by Landstar Metro. (3) BCO Independent Contractors are independent contractors who provide truck capacity to the Company under exclusive lease arrangements. (4) Active refers to Truck Brokerage Carriers who moved at least one load in the 180 days immediately preceding the fiscal quarter end. Landstar System, Inc. and Subsidiary Reconciliation of Gross Profit to Variable Contribution (Dollars in thousands) (Unaudited) Twenty-Six Weeks Ended Thirteen Weeks Ended June 27, June 28, June 27, June 28, 2026 2025 2026 2025 Revenue $2,603,555 $2,363,885 $1,432,264 $1,211,383 Costs of revenue: Purchased transportation 2,030,397 1,839,289 1,123,400 941,411 Commissions to agents 201,578 192,836 109,435 99,522 Variable costs of revenue 2,231,975 2,032,125 1,232,835 1,040,933 Trailing equipment depreciation 12,619 13,844 6,351 6,867 Information technology costs (1) 5,683 7,609 3,080 3,934 Insurance-related costs (2) 75,654 71,317 39,716 30,793 Other operating costs 32,745 31,424 17,945 19,595 Other costs of revenue 126,701 124,194 67,092 61,189 Total costs of revenue 2,358,676 2,156,319 1,299,927 1,102,122 Gross profit $244,879 $207,566 $132,337 $109,261 Gross profit margin 9.4% 8.8% 9.2% 9.0% Plus: other costs of revenue 126,701 124,194 67,092 61,189 Variable contribution $371,580 $331,760 $199,429 $170,450 Variable contribution margin 14.3% 14.0% 13.9% 14.1% (1) Includes costs of revenue incurred related to internally developed software including ASC 350-40 amortization, implementation costs, hosting costs and other support costs utilized to support the Company's independent commission sales agents, third party capacity providers, and customers, included as a portion of depreciation and amortization and of selling, general and administrative in the Company's Consolidated Statements of Income. (2) Primarily includes (i) insurance premiums paid for commercial auto liability, general liability, cargo and other lines of coverage related to the transportation of freight; (ii) the related costs of claims incurred under those programs; and (iii) brokerage commissions and other fees incurred relating the the administration in the Company's Consolidated Statements of Income.
Landstar System (LSTR - Free Report) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.2 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.41%. A quarter ago, it was expected that this freight shipper and warehouser would post earnings of $1.11 per share when it actually produced earnings of $1.16, delivering a surprise of +4.5%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Landstar, which belongs to the Zacks Transportation - Truck industry, posted revenues of $1.43 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 8.31%. This compares to year-ago revenues of $1.21 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Landstar shares have added about 33.4% since the beginning of the year versus the S&P 500's gain of 8.3%.
What's Next for Landstar?While Landstar has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Landstar was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.53 on $1.35 billion in revenues for the coming quarter and $5.73 on $5.2 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Truck is currently in the top 3% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Forward Air (FWRD - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This contractor for the air cargo industry is expected to post quarterly loss of $0.17 per share in its upcoming report, which represents a year-over-year change of +58.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Forward Air's revenues are expected to be $632 million, up 2.1% from the year-ago quarter.
JACKSONVILLE, Fla., July 23, 2026 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, today announced the appointment of William “Bill” Clement as Vice President and Chief Commercial Officer (CCO), effective August 1, 2026.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Landstar System (LSTR - Free Report) Landstar System is an asset-light provider of integrated transportation management solutions, incorporated in 1991. Based in Jacksonville, FL, the company provides services throughout the United States, Canada, Mexico as well as other countries in North America. The company delivers safe, specialized transportation services to a broad range of customers by connecting them with over 101,000 third-party capacity owner partners. Its business model is such that a large part of its operating costs is directly proportional to revenues.
LSTR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Transportation stock. LSTR has a Momentum Style Score of A, and shares are up 3.2% over the past four weeks.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.18 to $5.73 per share. LSTR also boasts an average earnings surprise of +2.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, LSTR should be on investors' short list.
The market expects Landstar System (LSTR - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 28, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis freight shipper and warehouser is expected to post quarterly earnings of $1.42 per share in its upcoming report, which represents a year-over-year change of +18.3%.
Revenues are expected to be $1.32 billion, up 9.2% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 4.9% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Landstar?For Landstar, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.66%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Landstar will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Landstar would post earnings of $1.11 per share when it actually produced earnings of $1.16, delivering a surprise of +4.50%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Landstar doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
JACKSONVILLE, Fla., July 14, 2026 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2026 second quarter results after the market closes on Tuesday, July 28, 2026, and will then hold its quarterly conference call with analysts and investors at 4:30 p.m. ET that afternoon to discuss the second quarter results. To access the webcast, visit investor.landstar.com; click on "Webcasts"; and then "Landstar's Second Quarter 2026 Earnings Release Conference Call."
For those unable to participate in the live call, or for those who do not have access to the Internet, the call will be available on telephone replay for 48 hours. The telephone replay number for the U.S. and Canada is (800) 819-5743 and for international calls is (203) 369-3828.
About Landstar:
Landstar System, Inc., is a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity providers and employees. Landstar transportation services companies are certified to ISO 9001:2015 quality management system standards and RC14001:2015 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.
Key Takeaways LSTR supports shareholders through dividends and buybacks while maintaining a low debt profile. LSTR is hurt by reduced demand for freight services and increased truck capacity. LSTR shares have gained in the past six months, but lags its industry and peers like JBHT and WERN. Landstar System, Inc. (LSTR - Free Report) looks cheap from a valuation standpoint. Considering the forward 12-month price-to-sales ratio (P/S-F12M), LSTR is trading at a discount compared to the industry.
The stock has a forward 12-month P/S-F12M of 1.33X compared with 2.68X for the industry over the past five years. These factors indicate that the stock’s valuation is attractive.
LSTR P/S Ratio (Forward 12 Months) Vs. Industry Image Source: Zacks Investment Research
Now, the question is whether it is worth buying, holding, or selling the Landstar stock at current prices. Let us delve deeper to find out.
Tailwinds Working in Favor of LSTR StockLandstar's efforts to develop its heavy haul services in addition to the cross-border transportation with Mexico are commendable. Cross-border transportation offers significant growth opportunities to LSTR as companies are increasingly sourcing products from Mexico because it moves production lines close to the United States, not only saving production costs but also making the supply chain more secure. Development of the company's heavy haul services should also boost profitability. Heavy haul business refers to the transportation of loads that are larger and heavier than the prepared roadways and bridges can bear, and they need specialized equipment and expert drivers. By bolstering its heavy haul capabilities, LSTR will be able to deliver goods between different sectors (mining, construction and manufacturing) that need transportation of large machinery and equipment.
Landstar’s strong balance sheet increases financial flexibility. The company ended first-quarter 2026 with cash and cash equivalents (and short-term investments) of $353.25 million, much higher than the current debt level of $26.1 million. This implies that the company has sufficient cash to meet its current debt obligations. Meanwhile, long-term debt has decreased to $43.14 million at first-quarter 2026 end from $48.5 million at fourth-quarter 2025 end.
A solid balance sheet enables the company to reward shareholders with dividends and share repurchases. As a reflection of its shareholder-friendly stance, in 2022, 2023, 2024 and 2025, LSTR paid dividends of $115.6 million, $117.1 million, $120.5 million and $124.7 million, respectively. Dividend-paying stocks like LSTR are generally safe bets for creating wealth, as these payouts act as a hedge against economic uncertainty, which characterizes current times.
Landstar is also active on the buyback front. LSTR repurchased shares worth $285.9 million in 2022, $53.9 million in 2023, $81.4 million in 2024 and $179.8 million in 2025. During the first quarter of 2026, Landstar purchased 150,923 shares for $22.6 million. Landstar is currently authorized to purchase up to an additional 1,115,195 shares under its longstanding share purchase program. Buybacks not only reduce the total outstanding share count, thereby increasing earnings per share, but also signal management's belief in the intrinsic value of the stock.
What Do Earnings Estimates Say for LSTR?The positive sentiment surrounding LSTR stock is evident from the fact that the Zacks Consensus Estimate for second-quarter 2026 and third-quarter 2026 earnings has been revised upward in the past 90 days. The consensus mark for 2026 and 2027 earnings has also been projected northward in the past 90 days.
The favorable estimate revisions indicate brokers’ confidence in the stock.
Image Source: Zacks Investment Research
LSTR Stock’s Price PerformanceShares of LSTR stock have gained 43.6% over the past six months, underperforming the transportation-truck industry’s 40.2% surge, as well as that of other industry players, J.B. Hunt Transport Services (JBHT - Free Report) and Werner Enterprises, Inc. (WERN - Free Report) ), within the same time frame.
LSTR Stock’s Six-month Price Comparison Image Source: Zacks Investment Research
Headwinds Weighing on LSTR StockLandstar is being hurt by reduced demand for freight services and increased truck capacity. Due to the weakness in freight demand, shipment volumes and rates are low. The top line has been suffering mainly due to the below-par performance of its key segment, namely, truck transportation. Revenues are likely to be weak going forward.
Risks associated with the economic slowdown, geopolitical tensions and tariff-induced economic uncertainty continue to bother the stock’s performance. As things stand now, consumer spending and business investments remain low, and production levels have decreased in response to reduced demand, affecting demand for goods transportation and resulting in a freight recession (The Cass Freight Shipments Index, which has declined in all the first five months of 2026. This measure has also deteriorated year over year in each of the past 12 months in 2025, which confirms the overall declining trend). We currently believe that these factors indicate persistent weakness in freight demand through the remainder of this year.
The still-high inflation reading continues to hurt consumer sentiment and growth expectations. With labor and material costs showing no signs of letting off, the ability to pass these increases through to the consumer will determine the profitability of trucking companies like LSTR.
The truck industry, of which Landstar is an integral part, has been persistently battling a driver shortage for several years. As old drivers are retiring, trucking companies are finding it difficult to find new drivers to take their place since the low-paying job does not appeal to the younger generation.
Not an Opportune Time to Buy LSTR StockIt is understood that LSTR stock is currently attractively valued. Moreover, Landstar's efforts to develop its heavy haul services are commendable and should boost profitability. Cross-border transportation with Mexico also offers significant growth opportunities. A solid balance sheet allows the company to continue paying dividends and buying back shares, reflecting its pro-shareholder stance.
Despite these positives, we advise investors not to buy LSTR stock now, as it continues to be hurt by reduced demand for freight services and increased truck capacity. Due to the demand weakness, shipment volumes and rates are low. Driver shortage continues to be another major concern. Considering all these factors, we advise investors to wait for a better entry point and not buy LSTR now. For those who already own the stock, it will be prudent to stay invested. The company’s current Zacks Rank #3 (Hold) justifies our analysis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Landstar System (LSTR - Free Report) Landstar System is an asset-light provider of integrated transportation management solutions, incorporated in 1991. Based in Jacksonville, FL, the company provides services throughout the United States, Canada, Mexico as well as other countries in North America. The company delivers safe, specialized transportation services to a broad range of customers by connecting them with over 101,000 third-party capacity owner partners. Its business model is such that a large part of its operating costs is directly proportional to revenues.
LSTR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Transportation stock. LSTR has a Momentum Style Score of B, and shares are up 3.3% over the past four weeks.
For fiscal 2026, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $5.57 per share. LSTR boasts an average earnings surprise of +2.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, LSTR should be on investors' short list.
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2026) - Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) (FSE: PR90) ("Lodestar" or the "Company") is pleased to announce that it has entered into an agreement with Zacks Research to provide company-sponsored research coverage.
"Engaging Zacks Research strengthens our reach and sharpens how we communicate Lodestar's story to the market," said Lowell Kamin, President & CEO of Lodestar Metals. "With our maiden drill program now complete, we're entering a pivotal phase and look forward to delivering results as we advance Gold Run."
Zacks Research
Pursuant to the agreement, Zacks Research will prepare research coverage on the Company based on publicly available information, industry data, and discussions with management, with the objective of assisting Lodestar in communicating its investment case to the investment community. In connection with the engagement, Zacks Research may also provide broader distribution of its research through its established investor audience and platforms. In exchange for its research services, Zacks will receive cash compensation in the amount of $30,000 USD for the services listed above. The services will be provided for a period of 12 months from engagement.
Zacks Research and the Company are arm's-length parties, and neither Zacks Research nor its principals, to the knowledge of the Company, hold any shares or options to purchase shares in the issued and outstanding capital of Lodestar.
Zacks Research is a leading investment research firm focusing on stock research, analysis and recommendations. It is located 10 S. Riverside Plaza, Suite 1600,Chicago, IL 60606.
ABOUT LODESTAR METALS
Lodestar Metals Corp. is a Canadian gold exploration company focused on advancing the drill-ready Gold Run Project in Nevada, strategically located on a major Carlin-style gold trend and adjacent to some of the largest gold deposits in North America. With decades of combined geological and capital markets expertise, Lodestar follows a disciplined, step-by-step approach to discovery. The Company's strategy is clear: focus capital on high-value targets, move quickly on known mineralization, and build a compliant gold resource that delivers lasting shareholder value. For more information, please visit www.lodestarmetals.ca.
Forward-Looking Statements
The information set forth in this news release contains forward-looking statements based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Lodestar cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by several material factors, many of which are beyond Lodestar's control. Such factors include, among other things, risks and uncertainties relating to Lodestar's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302225
Source: Lodestar Metals Corp.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2026) - Lodestar Metals Corp. (TSXV: LSTR) (OTC PINK: SVTNF) (FSE: PR90) ("Lodestar" or the "Company") a junior exploration company focused on unlocking world-class gold potential in Nevada, is pleased to announce the acquisition of an important mining patent on its flagship Gold Run project.
"The purchase agreement on the Black Diamond patent is another important step forward for Lodestar," said Lowell Kamin, President & CEO of Lodestar Metals. "Research into the mining history at Black Diamond and recent fieldwork have elevated the potential of this exciting prospect area and given us more flexibility to drill and unlock its value."
Figure 1: Gridded silver-in-soil image showing rock assays for silver (ppm) clearly demonstrating extensive silver mineralisation over at least 550 metres strike
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3029/292737_d7db0eb4c4a5ebdb_001full.jpg
Black Diamond Mining Patent
A privately-owned mineral patent (the "Black Diamond Patent" or the "Patent"), measuring 600m by 80m, partially covers the northern portion of the Independence Trend, one of Lodestar's highest-priority drill target areas (Figure 1). The Patent covers much of the Black Diamond structure, where historical records document high-grade silver mineralization that was historically mined. Under the 1872 Mining Act, surface and mineral rights on unpatented mining claims with established mineral potential could be transferred to private ownership, creating a patented mining claim. Lodestar executed a lease-and-purchase agreement for the Black Diamond Patent for the consideration set forth below. This is a significant opportunity for Lodestar, given that the Patent has been held for over 100 years and has never been drilled.
Previous work over the Black Diamond Patent has shown compelling evidence to support the validity of the target area for future exploration efforts:
Extensive historical rock chip sampling, as well as that by Lodestar in 2024, demonstrates that silver mineralisation at surface ranges from 20 g/t and up to 3,307 g/t over at least 550 metres of strike (Figure 1) (see NI 43-101 Technical Report on the Gold Run property, May 12, 2025).
Soil sampling by Lodestar shows a high tenor silver-in-soil anomaly over the Black Diamond Patent over the same 550m strike with soil values over 1 g/t silver and up to 33 g/t silver (see News Release Oct 28, 2025).
Historical DDIP work indicates at least one strong, untested chargeability anomaly along the western edge of the Black Diamond Patent (Figure 2), which is a target for the current round of drilling (see News Release Dec 2, 2025).
New DDIP work by Lodestar Metals showed a second DDIP anomaly with depth extent down to 200m (Figure 2) along the western edge of the Patent area, further supporting the validity of the prospect area (see News Release March 10, 2026).
Figure 2: 3D Image looking northwest showing the Black Diamond Mining Patent (dash white) and highlight rock assays for silver and gold (coloured cubes) and associated DDIP chargeability anomalies.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3029/292737_d7db0eb4c4a5ebdb_002full.jpg
The geology of the Black Diamond area is characterized by extensive irregular thrust faults and a close association with felsic dykes that were mapped by Cambior in 1997 (Figures 1 and 3). Rock chip assays by Lodestar at Black Diamond in 2024 indicate a close association of high grade silver with various other metals: gold up to 2.7 g/t, copper up to 0.5%, lead up to 1%, zinc up to 0.4% and pathfinder metals arsenic up to 1000 ppm, molybdenum up to 49 ppm, and antimony up to 955 ppm. This metal association suggests possible polymetallic, intrusion-related mineralization.With the Black Diamond Patent lease, Lodestar has the flexibility to drill near-surface targets for silver mineralization. The Patent area is being assessed for drilling in the current program.
Figure 3: Interpreted bedrock geology map of the Gold Run Project showing the highlight gold intercepts from previous drilling, location of DDIP lines, and the location of the newly acquired Mining Patent.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3029/292737_d7db0eb4c4a5ebdb_003full.jpg
Terms of the Lease and Purchase Agreement
Under the terms of the Lease and Purchase Agreement, Lodestar may acquire the Patent by making cash payments totalling USD $75,000 as follows: USD $20,000 on signing; USD $20,000 on the first anniversary; and USD $35,000 on the second anniversary. Upon acquisition of the Patent, Lodestar will grant a 2% net smelter return royalty to the vendor, which may be repurchased in its entirety for USD $75,000.
Disclaimers
1 Summaries of drill targets and intercepts, and supporting technical data were provided in the Company's December 2, 2025, News Release.
2 The Company has identified historical drill intercepts in the Property's historical database, which was acquired. The Company has not verified the intercepts, and there is limited available information regarding sampling methodologies, analytical procedures, and associated QAQC protocols. The historical intercepts are considered relevant for exploration targeting, which is intended to validate and assess the continuity and reliability of the reported mineralization. Readers are cautioned that the historical information should not be relied upon until it has been independently verified.
Qualified Person
Ty Magee, P. Geo., a Qualified Person, as defined by NI 43-101, and a consultant to the Company, has reviewed and approved the scientific and technical information contained in this news release.
ABOUT LODESTAR METALS
Lodestar Metals Corp. is a Canadian gold exploration company focused on advancing the drill-ready Gold Run Project in Nevada, strategically located on a major Carlin-type gold trend and adjacent to some of the largest gold deposits in North America. With decades of combined geological and capital markets expertise, Lodestar follows a disciplined, step-by-step approach to discovery. The Company's strategy is clear: focus capital on high-value targets, move quickly on known mineralization, and build a compliant gold resource that delivers lasting shareholder value. For more information, please visit www.lodestarmetals.ca.
Forward-Looking Statements
The information set forth in this news release contains forward-looking statements based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Lodestar cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by several material factors, many of which are beyond Lodestar's control. Such factors include, among other things, risks and uncertainties relating to Lodestar's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions, and results may differ materially from the estimates.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292737
Source: Lodestar Metals Corp.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Childress Capital Advisors LLC bought a new stake in Landstar System, Inc. (NASDAQ:LSTR – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,435 shares of the transportation company’s stock, valued at approximately $494,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Landstar System during the 3rd quarter worth about $25,000. Geneos Wealth Management Inc. raised its position in shares of Landstar System by 132.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the transportation company’s stock worth $37,000 after acquiring an additional 142 shares in the last quarter. UMB Bank n.a. lifted its stake in Landstar System by 335.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the transportation company’s stock worth $36,000 after purchasing an additional 225 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Landstar System by 126.6% during the second quarter. EverSource Wealth Advisors LLC now owns 315 shares of the transportation company’s stock worth $44,000 after purchasing an additional 176 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Landstar System by 1,490.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 318 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 298 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Several equities analysts have commented on the stock. Barclays increased their price target on shares of Landstar System from $130.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Truist Financial lowered their target price on shares of Landstar System from $150.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, January 29th. Stifel Nicolaus increased their target price on shares of Landstar System from $145.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, April 2nd. Wells Fargo & Company upgraded shares of Landstar System from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $145.00 to $170.00 in a research note on Tuesday, January 6th. Finally, Wall Street Zen raised shares of Landstar System from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $153.27.
Read Our Latest Analysis on LSTR
Landstar System Stock Up 3.0% Shares of NASDAQ LSTR opened at $171.45 on Friday. The stock has a market cap of $5.82 billion, a PE ratio of 51.80 and a beta of 0.80. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Landstar System, Inc. has a 52-week low of $119.32 and a 52-week high of $174.75. The business has a 50-day moving average price of $156.31 and a 200 day moving average price of $144.33.
Landstar System Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Landstar System’s dividend payout ratio is 48.34%.
Landstar System Company Profile (Free Report)
Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.
Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.
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The market expects Landstar System (LSTR - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on April 28, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis freight shipper and warehouser is expected to post quarterly earnings of $1.11 per share in its upcoming report, which represents a year-over-year change of +30.6%.
Revenues are expected to be $1.18 billion, up 2% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.87% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Landstar?For Landstar, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.60%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Landstar will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Landstar would post earnings of $1.19 per share when it actually produced earnings of $1.24, delivering a surprise of +4.20%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Landstar appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Landstar System, Inc. (NASDAQ:LSTR – Get Free Report) has received an average rating of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $155.5455.
Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on Landstar System from $130.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Evercore boosted their price objective on Landstar System from $125.00 to $151.00 and gave the stock an “in-line” rating in a research report on Monday, January 12th. TD Cowen reiterated a “hold” rating on shares of Landstar System in a research report on Friday, January 9th. JPMorgan Chase & Co. boosted their price objective on Landstar System from $134.00 to $162.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Truist Financial reduced their price objective on Landstar System from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, January 29th.
Check Out Our Latest Research Report on LSTR
Hedge Funds Weigh In On Landstar System Several hedge funds and other institutional investors have recently made changes to their positions in the business. Peterson Wealth Services raised its holdings in Landstar System by 1,108.4% during the third quarter. Peterson Wealth Services now owns 10,960 shares of the transportation company’s stock worth $1,343,000 after purchasing an additional 10,053 shares in the last quarter. Alps Advisors Inc. raised its holdings in Landstar System by 69.8% during the third quarter. Alps Advisors Inc. now owns 94,863 shares of the transportation company’s stock worth $11,626,000 after purchasing an additional 38,992 shares in the last quarter. Ballast Asset Management LP raised its holdings in Landstar System by 28.2% during the third quarter. Ballast Asset Management LP now owns 34,579 shares of the transportation company’s stock worth $4,238,000 after purchasing an additional 7,614 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Landstar System by 48.2% during the third quarter. Retirement Systems of Alabama now owns 63,299 shares of the transportation company’s stock worth $7,758,000 after purchasing an additional 20,586 shares in the last quarter. Finally, Fenimore Asset Management Inc raised its holdings in Landstar System by 231.3% during the third quarter. Fenimore Asset Management Inc now owns 341,130 shares of the transportation company’s stock worth $41,809,000 after purchasing an additional 238,173 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.
Landstar System Stock Down 0.5% NASDAQ:LSTR opened at $179.02 on Friday. The firm has a market capitalization of $6.08 billion, a PE ratio of 54.08 and a beta of 0.80. The stock has a 50 day moving average of $159.06 and a 200-day moving average of $146.64. Landstar System has a 52 week low of $119.32 and a 52 week high of $181.84. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.
Landstar System Company Profile (Get Free Report)
Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.
Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.
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JACKSONVILLE, Fla., April 28, 2026 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported its financial results for the 2026 first quarter. The Company reported total revenue of $1.171 billion in the 2026 first quarter, an increase of 2% as compared to revenue of $1.153 billion in the 2025 first quarter, and basic and diluted earnings per share (“EPS”) of $1.16 in the 2026 first quarter, an increase of 36% as compared to EPS of $0.85 per share in the 2025 first quarter. As a reminder, EPS in the 2025 first quarter was unfavorably impacted by approximately $0.10 related to the previously disclosed supply chain fraud matter. The Company also reported a 14% increase in gross profit and a 7% increase in variable contribution (defined as revenue less the cost of purchased transportation and commissions to agents) in the 2026 first quarter, as compared in each case to the 2025 first quarter.
“The Landstar team of independent business owners and employees executed well in a dynamic transportation backdrop, with our network generating higher truck transportation revenues and increased BCO utilization year-over-year,” said Landstar President and Chief Executive Officer Frank Lonegro. “I was particularly pleased with our variable contribution performance which reflected Landstar’s first year-over-year increase in variable contribution since the third quarter of 2022. We were encouraged by our improved first quarter results, attributable to a strengthening rate environment and the Company’s unwavering commitment to safety, security and service.”
1Q 2026 1Q 2025 Change ($)Change (%) Revenue$1,171,291 $1,152,502 $18,789 1.6% Gross profit$112,542 $98,305 $14,237 14.5% Variable contribution$172,151 $161,310 $10,841 6.7% Operating income$53,236 $39,419 $13,817 35.1% Basic and diluted earnings per share (“EPS”)$1.16 $0.85 $0.31 36.5% (1) Dollars above in thousands, except per share amounts.(2) Please refer to the Consolidated Statements of Income and the Reconciliation of Gross Profit to Variable Contribution included below. Landstar continues to return capital to stockholders through the Company’s stock purchase program and dividends. During the 2026 first quarter, Landstar purchased 150,923 shares of its common stock at an aggregate cost of $22.6 million. The Company is currently authorized to purchase up to an additional 1,115,195 shares of the Company’s common stock under its longstanding share purchase program. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.40 per share payable on June 9, 2026, to stockholders of record as of the close of business on May 19, 2026.
During the 2026 first quarter, truck revenue was $1,082 million, or 3% higher, as compared to the 2025 first quarter truck revenue of $1,050 million. Truck revenue per load increased approximately 6% in the 2026 first quarter compared to the 2025 first quarter, while the number of loads hauled via truck decreased approximately 2% compared to the 2025 first quarter.
Truck transportation revenue hauled by independent business capacity owners (“BCOs”) and truck brokerage carriers in the 2026 first quarter was 92% of revenue, compared to 91% of revenue in the 2025 first quarter. Truckload transportation revenue hauled via van equipment in the 2026 first quarter was $603 million, compared to $595 million in the 2025 first quarter. Truckload transportation revenue hauled via unsided/platform equipment in the 2026 first quarter was $369 million, compared to $340 million in the 2025 first quarter. Revenue from other truck transportation, which is largely related to power-only services, in the 2026 first quarter was $87 million, compared to $92 million in the 2025 first quarter. Revenue hauled by rail, air and ocean cargo carriers was $67 million, or 6% of revenue, in the 2026 first quarter, compared to $83 million, or 7% of revenue, in the 2025 first quarter.
Gross profit in the 2026 first quarter was $113 million, as compared to $98 million in the 2025 first quarter. Variable contribution in the 2026 first quarter was $172 million, compared to $161 million in the 2025 first quarter. Reconciliations of gross profit to variable contribution and gross profit margin to variable contribution margin for the 2026 and 2025 first quarters are provided in the Company’s accompanying financial disclosures.
The Company’s balance sheet continues to be very strong, with cash and short-term investments of approximately $411 million as of March 28, 2026. Trailing twelve-month return on average shareholders’ equity was 14%. Return on invested capital, representing net income divided by the sum of average equity plus average debt, was 13%.
Landstar will provide a live webcast of its quarterly earnings conference call this afternoon at 4:30 p.m. ET. To access the webcast, visit www.investor.landstar.com; click on “Webcasts,” then click on “Landstar’s First Quarter 2026 Earnings Release Conference Call.” A slide presentation to accompany the webcast presentation is also available on Landstar’s investor relations website at https://investor.landstar.com/.
About Landstar:
Landstar System, Inc., is a technology-enabled, asset-light provider of freight transportation and logistics solutions focused on safety, security and service to a broad range of customers utilizing a network of agents, third-party capacity providers and employees. Landstar transportation services companies are certified to ISO 9001:2015 quality management system standards and RC14001:2015 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.
Non-GAAP Financial Measures:
In this earnings release and accompanying financial disclosures, the Company provides the following information that may be deemed non-GAAP financial measures: variable contribution and variable contribution margin. The Company believes variable contribution and variable contribution margin are useful measures of the variable costs that we incur at a shipment-by-shipment level attributable to our transportation network of third-party capacity providers and independent agents in order to provide services to our customers. The Company also believes that it is appropriate to present each of the financial measures that may be deemed a non-GAAP financial measure, as referred to above, for the following reasons: (1) disclosure of these matters will allow investors to better understand the underlying trends in the Company’s financial condition and results of operations; (2) this information will facilitate comparisons by investors of the Company’s results as compared to the results of peer companies; and (3) management considers this financial information in its decision making.
Forward Looking Statements Disclaimer:
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not based on historical facts are “forward-looking statements.” This press release contains forward-looking statements, such as statements which relate to Landstar’s business objectives, plans, strategies and expectations. Terms such as “anticipates,” “believes,” “estimates,” “intention,” “expects,” “plans,” “predicts,” “may,” “should,” “could,” “would,” “will,” the negative thereof and similar expressions are intended to identify forward-looking statements. Such statements are by nature subject to uncertainties and risks, including but not limited to: decreased demand for transportation services; U.S. trade relationships and potential or imposed tariffs; an increase in the frequency or severity of accidents or other claims; unfavorable development of existing accident claims; dependence on third party insurance companies; dependence on independent commission sales agents; dependence on third party capacity providers; the impact of the Russian conflict with Ukraine on the operations of certain independent commission sales agents, including the Company’s second largest such agent by revenue in the 2025 fiscal year; substantial industry competition; disruptions or failures in the Company’s computer systems; cyber and other information security incidents; dependence on key vendors; potential changes in taxes; status of independent contractors; regulatory and legislative changes; regulations focused on diesel emissions and other air quality matters; regulations requiring the purchase and use of zero-emission vehicles; intellectual property; acquisitions and investments; and other operational, financial or legal risks or uncertainties detailed in Landstar’s Form 10-K for the 2025 fiscal year, described in Part I, Item 1A Risk Factors, and in other SEC filings from time to time. These risks and uncertainties could cause actual results or events to differ materially from historical results or those anticipated. Investors should not place undue reliance on such forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements.
Landstar System, Inc. and Subsidiary
Consolidated Statements of Income
(Dollars in thousands, except per share amounts)
(Unaudited)
Thirteen Weeks Ended March 28,
March 29, 2026
2025
Revenue$1,171,291 $1,152,502 Investment income 2,974 3,598 Costs and expenses: Purchased transportation 906,997 897,878 Commissions to agents 92,143 93,314 Other operating costs, net of gains on asset sales/dispositions 14,800 11,829 Insurance and claims 35,564 39,852 Selling, general and administrative 60,965 61,582 Depreciation and amortization 10,560
12,226 Total costs and expenses 1,121,029 1,116,681 Operating income 53,236 39,419 Interest and debt expense (income) 518 (159) Income before income taxes 52,718 39,578 Income taxes 13,278 9,772 Net income$39,440 $29,806 Basic and diluted earnings per share$1.16 $0.85 Average basic and diluted shares outstanding 34,022,000 35,203,000 Dividends per common share$0.40 $0.36 Landstar System, Inc. and SubsidiaryConsolidated Balance Sheets(Dollars in thousands, except per share amounts)(Unaudited) March 28, December 27, 2026
2025
ASSETS Current assets: Cash and cash equivalents$353,255 $396,694 Short-term investments 57,697 55,531 Trade accounts receivable, less allowance
of $8,606 and $12,490 692,016 670,137 Other receivables, including advances to independent
contractors, less allowance of $15,791 and $18,759 48,402 52,784 Assets held for sale 11,788 12,231 Other current assets 20,443 28,949 Total current assets 1,183,601 1,216,326 Operating property, less accumulated depreciation
and amortization of $480,097 and $473,642 255,738 261,322 Goodwill 34,005 34,005 Other assets 128,854 124,282 Total assets$1,602,198 $1,635,935 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Cash overdraft$54,432 $56,654 Accounts payable 396,654 369,567 Current maturities of long-term debt 26,121 28,342 Insurance claims 56,794 87,343 Dividends payable - 68,117 Liabilities held for sale 8,468 6,961 Other current liabilities 88,251 78,856 Total current liabilities 630,720 695,840 Long-term debt, excluding current maturities 43,145 48,480 Insurance claims 96,502 62,706 Deferred income taxes and other non-current liabilities 32,855 33,244 Shareholders' equity: Common stock, $0.01 par value, authorized 160,000,000
shares, issued 68,619,240 and 68,590,708 686 686 Additional paid-in capital 263,740 261,256 Retained earnings 2,878,506 2,852,680 Cost of 34,691,030 and 34,531,982 shares of common
stock in treasury (2,336,869) (2,313,245)Accumulated other comprehensive loss (7,087) (5,712)Total shareholders' equity 798,976 795,665 Total liabilities and shareholders' equity$1,602,198 $1,635,935 Landstar System, Inc. and SubsidiarySupplemental Information(Unaudited) Thirteen Weeks Ended March 28, March 29, 2026
2025
Revenue generated through (in thousands): Truck transportation Truckload: Van equipment$603,406 $594,795 Unsided/platform equipment 368,569 340,408 Less-than-truckload 23,788 22,436 Other truck transportation (1) 86,518 92,079 Total truck transportation 1,082,281 1,049,718 Rail intermodal 19,314 17,487 Ocean and air cargo carriers 47,969 65,637 Other (2) 21,727 19,660 $1,171,291 $1,152,502 Revenue on loads hauled via BCO Independent Contractors (3)
included in total truck transportation$475,348 $427,057 Number of loads: Truck transportation Truckload: Van equipment 277,711 288,063 Unsided/platform equipment 114,554 117,245 Less-than-truckload 34,925 35,580 Other truck transportation (1) 46,390 44,012 Total truck transportation 473,580 484,900 Rail intermodal 6,590 6,150 Ocean and air cargo carriers 6,710 9,120 486,880 500,170 Loads hauled via BCO Independent Contractors (3)
included in total truck transportation 207,610 194,070 Revenue per load: Truck transportation Truckload: Van equipment$2,173 $2,065 Unsided/platform equipment 3,217 2,903 Less-than-truckload 681 631 Other truck transportation (1) 1,865 2,092 Total truck transportation 2,285 2,165 Rail intermodal 2,931 2,843 Ocean and air cargo carriers 7,149 7,197 Revenue per load on loads hauled via BCO Independent Contractors (3)$2,290 $2,201 Revenue by capacity type (as a % of total revenue): Truck capacity providers: BCO Independent Contractors (3) 41% 37%Truck Brokerage Carriers 52% 54%Rail intermodal 2% 2%Ocean and air cargo carriers 4% 6%Other 2% 2% March 28, March 29, 2026
2025
Truck Capacity Providers: BCO Independent Contractors (3) 7,663 7,871 Truck Brokerage Carriers: Approved and active (4) 37,647 47,323 Other approved 27,420 33,275 65,067 80,598 Total available truck capacity providers 72,730 88,469 Trucks provided by BCO Independent Contractors (3) 8,476 8,620 (1) Includes power-only, expedited, straight truck, cargo van, and miscellaneous other truck transportation revenue generated by the transportation logistics segment. Power-only refers to shipments where the Company furnishes a power unit and an operator but not trailing equipment, which is typically provided by the shipper or consignee.(2) Includes primarily reinsurance premium revenue generated by the insurance segment and intra-Mexico transportation services revenue generated by Landstar Metro.(3) BCO Independent Contractors are independent contractors who provide truck capacity to the Company under exclusive lease arrangements.
(4) Active refers to Truck Brokerage Carriers who moved at least one load in the 180 days immediately preceding the fiscal quarter end.
Landstar System, Inc. and SubsidiaryReconciliation of Gross Profit to Variable Contribution(Dollars in thousands)(Unaudited) Thirteen Weeks Ended March 28, March 29, 2026
2025
Revenue$1,171,291 $1,152,502 Costs of revenue: Purchased transportation 906,997 897,878 Commissions to agents 92,143 93,314 Variable costs of revenue 999,140 991,192 Trailing equipment depreciation 6,268 6,977 Information technology costs (1) 2,603 3,675 Insurance-related costs (2) 35,938 40,524 Other operating costs 14,800 11,829 Other costs of revenue 59,609 63,005 Total costs of revenue 1,058,749 1,054,197 Gross profit$112,542 $98,305 Gross profit margin 9.6% 8.5% Plus: other costs of revenue 59,609 63,005 Variable contribution$172,151 $161,310 Variable contribution margin 14.7% 14.0% (1) Includes costs of revenue incurred related to internally developed software including ASC 350-40 amortization, implementation costs, hosting costs and other support costs utilized to support the Company's independent commission sales agents, third party capacity providers, and customers, included as a portion of depreciation and amortization and of selling, general and administrative in the Company's Consolidated Statements of Income.
(2) Primarily includes (i) insurance premiums paid for commercial auto liability, general liability, cargo and other lines of coverage related to the transportation of freight; (ii) the related cost of claims incurred under those programs; and (iii) brokerage commissions and other fees incurred relating to the administration of insurance programs available to BCO Independent Contractors that are reinsured by the Company, which are included in selling, general and administrative in the Company’s Consolidated Statements of Income.
Landstar System (LSTR - Free Report) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.20%. A quarter ago, it was expected that this freight shipper and warehouser would post earnings of $1.19 per share when it actually produced earnings of $1.24, delivering a surprise of +4.2%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Landstar, which belongs to the Zacks Transportation - Truck industry, posted revenues of $1.17 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.98%. This compares to year-ago revenues of $1.15 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Landstar shares have added about 25.4% since the beginning of the year versus the S&P 500's gain of 4.8%.
What's Next for Landstar?While Landstar has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Landstar was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.37 on $1.27 billion in revenues for the coming quarter and $5.44 on $5.02 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Truck is currently in the bottom 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, XPO (XPO - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on April 30.
This freight management company is expected to post quarterly earnings of $0.89 per share in its upcoming report, which represents a year-over-year change of +21.9%. The consensus EPS estimate for the quarter has been revised 1.6% higher over the last 30 days to the current level.
XPO's revenues are expected to be $2.06 billion, up 5.4% from the year-ago quarter.
Landstar System (LSTR - Free Report) reported $1.17 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 1.6%. EPS of $1.16 for the same period compares to $0.85 a year ago.
The reported revenue represents a surprise of +0.98% over the Zacks Consensus Estimate of $1.16 billion. With the consensus EPS estimate being $1.11, the EPS surprise was +4.2%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Landstar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Number of loads - Total: 486,880 versus the three-analyst average estimate of 488,977.Number of loads - Ocean and air cargo carriers: 6,710 versus 7,486 estimated by three analysts on average.Revenue per load - Ocean and air cargo carriers: $7,149.00 compared to the $7,550.72 average estimate based on three analysts.Revenue per load - Rail Intermodal: $2,931.00 versus the three-analyst average estimate of $2,935.95.Investment income: $2.97 million compared to the $2.94 million average estimate based on five analysts. The reported number represents a change of -17.3% year over year.Revenue: $1.17 billion versus $1.16 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.6% change.Revenue- Other: $21.73 million versus the four-analyst average estimate of $20.06 million. The reported number represents a year-over-year change of +10.5%.Revenue- Rail Intermodal: $19.31 million versus $21.27 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.5% change.Revenue- Truck Transportation: $1.08 billion compared to the $1.06 billion average estimate based on three analysts. The reported number represents a change of +3.1% year over year.Revenue- Ocean and air cargo carriers: $47.97 million compared to the $57.05 million average estimate based on three analysts. The reported number represents a change of -26.9% year over year.Revenue- Truck Transportation- Other Truck transportation: $86.52 million versus $99.89 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6% change.Revenue- Truck Transportation- Less-than-truckload: $23.79 million compared to the $22.85 million average estimate based on two analysts. The reported number represents a change of +6% year over year.View all Key Company Metrics for Landstar here>>>
Shares of Landstar have returned +14.8% over the past month versus the Zacks S&P 500 composite's +12.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Published in earnings earnings-estimates-revisions earnings-surprise
Landstar System Inc (NASDAQ:LSTR) reported better-than-expected earnings for the first quarter on Tuesday.
The company posted quarterly earnings of $1.16 per share which beat the analyst consensus estimate of $1.12 per share. The company reported quarterly sales of $1.171 billion which beat the analyst consensus estimate of $1.156 billion.
Landstar System shares rose 2.4% to trade at $186.82 on Wednesday.
These analysts made changes to their price targets on Landstar System following earnings announcement.
Considering buying LSTR stock? Here’s what analysts think:
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Key Takeaways Landstar reported Q1 earnings of $1.16 per share, beating estimates and rising 36.5% year over year.LSTR's truck transportation revenue rose 3.1%, supported by higher BCO utilization and rate strength.Operating income jumped 35.1% as variable contribution improved for the first time since Q3 2022. Landstar System, Inc. (LSTR - Free Report) reported solid first-quarter 2026 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate and improved year over year.
Quarterly earnings of $1.16 per share surpassed the Zacks Consensus Estimate of $1.11 and grew 36.5% year over year (despite being unfavorably impacted by almost 10 cents related to the previously disclosed supply chain fraud matter). Revenues of $1.17 billion beat the Zacks Consensus Estimate of $1.15 billion and surged 1.6% year over year.
Operating income surged 35.1% from the prior-year quarter’s figure to $53.23 million. Total costs and expenses (on a reported basis) rose 0.4% year over year to $1.12 billion.
Landstar president and chief executive officer, Frank Lonegro, stated, “The Landstar team of independent business owners and employees executed well in a dynamic transportation backdrop, with our network generating higher truck transportation revenues and increased BCO utilization year-over-year. I was particularly pleased with our variable contribution performance, which reflected Landstar’s first year-over-year increase in variable contribution since the third quarter of 2022. We were encouraged by our improved first quarter results, attributable to a strengthening rate environment and the Company’s unwavering commitment to safety, security and service.”
LSTR’s Q1 Segmental DetailsTotal revenues in the truck transportation segment — contributing to 92.4% of the top line — amounted to $1.08 billion, up 3.1% from the year-ago quarter’s figure. The reported figure was in line with our expectations of $1.06 billion.
Rail intermodal revenues of $19.31 million rose 10.4% from the figure recorded in first-quarter 2025. The reported figure was below our expectations of $21.6 million.
Revenues in the ocean and air-cargo carrier segments fell 26.9% year over year to $47.96 million. The reported figure was below our expectations of $71.7 million.
Other revenues increased 10.5% year over year to $21.72 million. The reported figure was above our expectations of $16.8 million.
Liquidity, Dividends & BuybackAt the end of first-quarter 2026, Landstar had cash and cash equivalents of $353.25 million compared with $396.69 million recorded at the prior-quarter end. Additionally, long-term debt (excluding current maturities) totaled $43.14 million at the end of the first quarter compared with $48.48 million at the prior-quarter end.
During the first quarter of 2026, Landstar purchased 150,923 shares for $22.6 million. Landstar is currently authorized to purchase up to an additional 1,115,195 shares under its longstanding share purchase program. Landstar’s board of directorsalsoannounced a quarterly cash dividend of 40 cents per share payable on June 9, 2026, to stockholders of record as of the close of business on May 19, 2026.
Currently, Landstar carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Q1 Performances of Other Transportation CompaniesDelta Air Lines (DAL - Free Report) reported first-quarter 2026 earnings (excluding $1.08 from non-recurring items) of 64 cents per share, which beat the Zacks Consensus Estimate of 61 cents. Earnings increased 39.1% on a year-over-year basis due to high labor costs. Adjusted revenues in the March-end quarter were $14.2 billion, beating the Zacks Consensus Estimate of $14 billion and increasing on a year-over-year basis.
United Airlines Holdings, Inc. (UAL - Free Report) reported solid first-quarter 2026 results wherein the company’s earnings and revenues beat the Zacks Consensus Estimate as well as improved on a year-over-year basis.
UAL's first-quarter 2026 adjusted earnings per share (EPS) (excluding 95 cents from non-recurring items) of $1.19 surpassed the Zacks Consensus Estimate of $1.08 and increased 30.8% on a year-over-year basis. The reported figure lies within the guided range of $1.00-$1.50.
Operating revenues of $14.6 billion outpaced the Zacks Consensus Estimate of $14.3 billion and increased 10.5% year over year. Passenger revenues (which accounted for 90.1% of the top line) increased 11% year over year to $13.1 billion. UAL flights transported 42,486 passengers in the first quarter, up 4.1% year over year.
Cargo revenues fell 1.6% year over year to $422 million. Revenues from other sources rose 10.5% year over year to $1.02 billion.
J.B. Hunt Transport Services (JBHT - Free Report) posted first-quarter 2026 earnings per share of $1.49, up 27% from $1.17 a year ago. The result topped the Zacks Consensus Estimate by $0.04, a 2.8% surprise.
Operating revenues totaled $3.06 billion, rising 4.6% year over year. Revenues beat the consensus mark of $2.94 billion, resulting in a 3.9% surprise, as demand proved resilient across several service offerings, led by Intermodal volume growth and higher revenue per load in select highway-related businesses.
Cwm LLC raised its stake in shares of Landstar System, Inc. (NASDAQ:LSTR – Free Report) by 196.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,149 shares of the transportation company’s stock after acquiring an additional 4,075 shares during the period. Cwm LLC’s holdings in Landstar System were worth $884,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Boston Partners lifted its stake in Landstar System by 24.1% during the 3rd quarter. Boston Partners now owns 1,761,526 shares of the transportation company’s stock valued at $216,242,000 after acquiring an additional 341,808 shares during the period. First Trust Advisors LP lifted its stake in Landstar System by 31.8% during the 3rd quarter. First Trust Advisors LP now owns 964,297 shares of the transportation company’s stock valued at $118,184,000 after acquiring an additional 232,682 shares during the period. JPMorgan Chase & Co. lifted its stake in Landstar System by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 746,506 shares of the transportation company’s stock valued at $91,492,000 after acquiring an additional 21,163 shares during the period. Northern Trust Corp lifted its stake in Landstar System by 4.3% during the 3rd quarter. Northern Trust Corp now owns 646,691 shares of the transportation company’s stock valued at $79,258,000 after acquiring an additional 26,905 shares during the period. Finally, Reinhart Partners LLC. lifted its stake in Landstar System by 36.4% during the 3rd quarter. Reinhart Partners LLC. now owns 581,293 shares of the transportation company’s stock valued at $71,245,000 after acquiring an additional 155,260 shares during the period. Institutional investors own 97.95% of the company’s stock.
Landstar System Price Performance Shares of NASDAQ:LSTR opened at $182.41 on Wednesday. The firm’s 50 day moving average price is $160.58 and its 200-day moving average price is $147.67. Landstar System, Inc. has a twelve month low of $119.32 and a twelve month high of $182.78. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $6.20 billion, a PE ratio of 55.11 and a beta of 0.80.
Landstar System (NASDAQ:LSTR – Get Free Report) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Landstar System had a net margin of 2.42% and a return on equity of 17.68%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business earned $0.95 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts expect that Landstar System, Inc. will post 5.44 EPS for the current year.
Landstar System announced that its Board of Directors has initiated a share repurchase plan on Tuesday, April 28th that authorizes the company to buyback 1,115,195,000,000 shares. This buyback authorization authorizes the transportation company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Landstar System Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, May 19th. Landstar System’s dividend payout ratio (DPR) is 48.34%.
Key Stories Impacting Landstar System Here are the key news stories impacting Landstar System this week:
Positive Sentiment: Q1 results beat expectations — Landstar reported EPS of $1.16 (vs. ~ $1.10 consensus) and revenue of $1.171B (slightly above estimates); net income and operating profit rose year‑over‑year, supporting upside to short‑term earnings momentum. Read More. Positive Sentiment: Operating cash flow improved materially — cash from operations increased ~60% year‑over‑year to about $89M, which strengthens the company’s ability to fund capital needs, dividends or buybacks. Read More. Positive Sentiment: Board authorized a share repurchase program — Landstar approved repurchases equal to roughly 3.3% of outstanding shares, a signal management views the stock as attractive and that buybacks could be a near‑term support for the share price. Read More. Neutral Sentiment: Analyst coverage and targets are mixed — recent analyst targets range widely (median ~ $155), showing differing views on growth vs. valuation; that leaves room for both upside and downside revisions. Read More. Neutral Sentiment: Institutional repositioning is active — recent 13F/hedge fund flows show large, mixed moves in and out of LSTR, which can increase volatility but does not clearly bias direction. Read More. Negative Sentiment: Top‑line growth remains modest — revenue rose only ~1.6–1.9% year‑over‑year, suggesting limited near‑term sales acceleration and keeping performance sensitive to freight demand cycles. Read More. Negative Sentiment: Valuation and balance‑sheet notes — LSTR trades at a high trailing P/E (~55) and cash on hand was down YoY while liabilities edged higher; those factors limit upside for investors expecting multiple expansion. Read More. Wall Street Analyst Weigh In Several equities analysts have issued reports on LSTR shares. TD Cowen restated a “hold” rating on shares of Landstar System in a research note on Friday, January 9th. Weiss Ratings cut shares of Landstar System from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Susquehanna increased their price objective on shares of Landstar System from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Benchmark reiterated a “hold” rating on shares of Landstar System in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Landstar System from $134.00 to $162.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $155.55.
Check Out Our Latest Stock Report on LSTR
Landstar System Profile (Free Report)
Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.
Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.
Read More Five stocks we like better than Landstar System Want to see what other hedge funds are holding LSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Landstar System, Inc. (NASDAQ:LSTR – Free Report).
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Landstar System has rebounded nearly 30% over the past year, reflecting truckload market recovery and capacity contraction. LSTR's asset-light, diversified model and robust liquidity buffer support resilience amid ongoing macroeconomic volatility and thin margins. Valuation appears full: DDM-derived target price is $178.22, while P/B and P/S suggest lower fair values; technicals indicate overbought conditions.
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Stock to Watch: Landstar System (LSTR - Free Report) Landstar System is an asset-light provider of integrated transportation management solutions, incorporated in 1991. Based in Jacksonville, FL, the company provides services throughout the United States, Canada, Mexico as well as other countries in North America. The company delivers safe, specialized transportation services to a broad range of customers by connecting them with over 101,000 third-party capacity owner partners. Its business model is such that a large part of its operating costs is directly proportional to revenues.
LSTR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Transportation stock. LSTR has a Momentum Style Score of A, and shares are up 11.2% over the past four weeks.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.14 to $5.55 per share. LSTR also boasts an average earnings surprise of +2.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, LSTR should be on investors' short list.
JACKSONVILLE, Fla., May 19, 2026 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, today reflected on the U.S. Supreme Court’s recent decision in Montgomery v. Caribe Transport II, LLC, which addresses the scope of the Federal Aviation Administration Authorization Act’s (FAAAA) safety exception to the preemption of state law negligent selection claims.
As a leading freight transportation solutions provider, Landstar has long valued safe and reliable freight transportation. In both its role as a motor carrier providing transportation through a network of approximately 8,500 trucks provided by independently owned Business Capacity Owners (BCOs) operating under Landstar’s motor carrier authority and as a freight broker utilizing a network of approximately 65,000 independent, non-exclusive third-party carriers operating under their own federally issued operating authorities, the Company seeks to offer safe, reliable transportation. Across our business model, Landstar applies disciplined, multi-layered approaches to qualifying BCOs and approving third-party carriers aided in part by technology-enabled vetting tools. With respect to our freight brokerage business, Landstar’s process to approve third-party carriers includes review of federal licensing and safety-related data, adherence to operational and compliance-related standards, and investments in and use of technology-enabled compliance tools. We believe these practices align with federal safety expectations, including guidance from the Federal Motor Carrier Safety Administration (FMCSA) and the U.S. Department of Transportation (DOT), and reflect Landstar’s belief that all parties involved in freight transportation have an important role to play with respect to highway safety.
“Safety is fundamental to how Landstar operates,” said Frank Lonegro, President and Chief Executive Officer. “For years, we have applied disciplined processes to evaluate, qualify and arrange transportation solutions because it is the right thing to do for our customers, our independent agents, and the motoring public. This decision reinforces the importance of how we operate and is consistent with the standards that make Landstar the leading platform for independent agents, BCOs, and third-party carriers.”
Industry observers have noted that the decision may increase focus on carrier selection practices and elevate expectations around insurance, compliance, and operational discipline across the brokerage sector. We believe Landstar’s established approach, including its insurance framework and focus on qualified third-party carriers, positions the Company well to operate in this environment. Over time, Landstar has also reduced the size of its approved carrier network as advances in internal systems, third-party technology, and industry tools have enabled more rigorous and data-driven carrier evaluation.
Landstar also believes there is an opportunity for greater clarity at the federal level regarding standards for carrier selection and qualification. The Company encourages Congress, the U.S. Department of Transportation, and the FMCSA to further define expectations in this area and to evaluate current minimum financial responsibility requirements, which have not been meaningfully updated in decades.
Landstar will continue to apply and evolve its established carrier qualification and approval programs, including ongoing investment in vetting technology, use of safety and compliance data, and monitoring through internal systems and third-party tools, as part of its commitment to safety, security, and service across its network of independent agents, BCOs, third-party carriers, and employees.
About Landstar:
Landstar System, Inc., is a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity providers, and employees. Landstar transportation services companies are certified to ISO 9001:2015 quality management system standards and RC14001:2015 environmental, health, safety, and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.
Forward Looking Statements Disclaimer:
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not based on historical facts are “forward-looking statements.” This press release contains forward-looking statements, such as statements which relate to Landstar’s business objectives, plans, strategies and expectations. Terms such as “anticipates,” “believes,” “estimates,” “intention,” “expects,” “plans,” “predicts,” “may,” “should,” “could,” “would,” “will,” the negative thereof and similar expressions are intended to identify forward-looking statements. Such statements are by nature subject to uncertainties and risks, including but not limited to: decreased demand for transportation services; U.S. trade relationships and potential or imposed tariffs; an increase in the frequency or severity of accidents or other claims; unfavorable development of existing accident claims; dependence on third party insurance companies; dependence on independent commission sales agents; dependence on third party capacity providers; the impact of the Russian conflict with Ukraine on the operations of certain independent commission sales agents, including the Company’s second largest such agent by revenue in the 2025 fiscal year; substantial industry competition; disruptions or failures in the Company’s computer systems; cyber and other information security incidents; dependence on key vendors; potential changes in taxes; status of independent contractors; regulatory and legislative changes; regulations focused on diesel emissions and other air quality matters; regulations requiring the purchase and use of zero-emission vehicles; intellectual property; acquisitions and investments; and other operational, financial or legal risks or uncertainties detailed in Landstar’s Form 10-K for the 2025 fiscal year, described in Part I, Item 1A Risk Factors, and in other SEC filings from time to time. These risks and uncertainties could cause actual results or events to differ materially from historical results or those anticipated. Investors should not place undue reliance on such forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements.
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Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
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Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
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Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Landstar System (LSTR - Free Report) Landstar System is an asset-light provider of integrated transportation management solutions, incorporated in 1991. Based in Jacksonville, FL, the company provides services throughout the United States, Canada, Mexico as well as other countries in North America. The company delivers safe, specialized transportation services to a broad range of customers by connecting them with over 101,000 third-party capacity owner partners. Its business model is such that a large part of its operating costs is directly proportional to revenues.
LSTR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Transportation stock. LSTR has a Momentum Style Score of B, and shares are up 6.8% over the past four weeks.
Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.14 to $5.55 per share. LSTR also boasts an average earnings surprise of +2.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, LSTR should be on investors' short list.
It has been about a month since the last earnings report for Landstar System (LSTR - Free Report) . Shares have added about 8.9% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Landstar due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Landstar System, Inc. before we dive into how investors and analysts have reacted as of late.
Landstar Q1 Earnings Beat EstimatesLandstar reported solid first-quarter 2026 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate and improved year over year.
Quarterly earnings of $1.16 per share surpassed the Zacks Consensus Estimate of $1.11 and grew 36.5% year over year (despite being unfavorably impacted by almost 10 cents related to the previously disclosed supply chain fraud matter). Revenues of $1.17 billion beat the Zacks Consensus Estimate of $1.15 billion and surged 1.6% year over year.
Operating income surged 35.1% from the prior-year quarter’s figure to $53.23 million. Total costs and expenses (on a reported basis) rose 0.4% year over year to $1.12 billion.
LSTR’s Q1 Segmental DetailsTotal revenues in the truck transportation segment — contributing to 92.4% of the top line — amounted to $1.08 billion, up 3.1% from the year-ago quarter’s figure. The reported figure was in line with our expectations of $1.06 billion.
Rail intermodal revenues of $19.31 million rose 10.4% from the figure recorded in first-quarter 2025. The reported figure was below our expectations of $21.6 million.
Revenues in the ocean and air-cargo carrier segments fell 26.9% year over year to $47.96 million. The reported figure was below our expectations of $71.7 million.
Other revenues increased 10.5% year over year to $21.72 million. The reported figure was above our expectations of $16.8 million.
Liquidity, Dividends & BuybackAt the end of first-quarter 2026, Landstar had cash and cash equivalents of $353.25 million compared with $396.69 million recorded at the prior-quarter end. Additionally, long-term debt (excluding current maturities) totaled $43.14 million at the end of the first quarter compared with $48.48 million at the prior-quarter end.
During the first quarter of 2026, Landstar purchased 150,923 shares for $22.6 million. Landstar is currently authorized to purchase up to an additional 1,115,195 shares under its longstanding share purchase program. Landstar’s board of directorsalsoannounced a quarterly cash dividend of 40 cents per share payable on June 9, 2026, to stockholders of record as of the close of business on May 19, 2026.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates review.
VGM ScoresAt this time, Landstar has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Landstar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerLandstar belongs to the Zacks Transportation - Truck industry. Another stock from the same industry, JB Hunt (JBHT - Free Report) , has gained 10% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.
JB Hunt reported revenues of $3.06 billion in the last reported quarter, representing a year-over-year change of +4.6%. EPS of $1.49 for the same period compares with $1.17 a year ago.
For the current quarter, JB Hunt is expected to post earnings of $1.69 per share, indicating a change of +29% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.4% over the last 30 days.
JB Hunt has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
Key Takeaways LSTR supports shareholders through dividends and buybacks while maintaining a low debt profile. LSTR is hurt by reduced demand for freight services and increased truck capacity. LSTR shares have gained in the past year, but lag its industry and peers like JBHT and KNX. Landstar System, Inc.’s (LSTR - Free Report) efforts to develop its heavy haul services and cross-border transportation with Mexico and reward shareholders are commendable. The positive sentiment surrounding LSTR stock is evident from the fact that the Zacks Consensus Estimate for the second quarter of 2026 and the third quarter of 2026 earnings has been revised upward in the past 60 days. The consensus mark for 2026 and 2027 earnings has also been projected northward in the past 60 days.
Image Source: Zacks Investment Research
The favorable estimate revisions indicate brokers’ confidence in the stock.
Given this encouraging backdrop, let’s delve deeper to find out whether it is worth buying, selling or holding the LSTR stock at current prices.
Tailwinds Working in Favor of LSTR StockLandstar's efforts to develop its heavy haul services in addition to the cross-border transportation with Mexico are commendable. Cross-border transportation offers significant growth opportunities to LSTR as companies are increasingly sourcing products from Mexico because it moves production lines close to the United States, not only saving production costs but also making the supply chain more secure. Development of the company's heavy haul services should also boost profitability. Heavy haul business refers to the transportation of loads that are larger and heavier than the prepared roadways and bridges can bear, and they need specialized equipment and expert drivers. By bolstering its heavy haul capabilities, LSTR will be able to deliver goods between different sectors (mining, construction and manufacturing) that need transportation of large machinery and equipment.
Landstar’s strong balance sheet increases financial flexibility. The company ended first-quarter 2026 with cash and cash equivalents (and short-term investments) of $353.25 million, much higher than the current debt level of $26.1 million. This implies that the company has sufficient cash to meet its current debt obligations. Meanwhile, long-term debt has decreased to $43.14 million at first-quarter 2026-end from $48.5 million at fourth-quarter 2025-end.
A solid balance sheet enables the company to reward shareholders with dividends and share repurchases. As a reflection of its shareholder-friendly stance, in 2022, 2023, 2024 and 2025, LSTR paid dividends of $115.6 million, $117.1 million, $120.5 million and $124.7 million, respectively. Dividend-paying stocks like LSTR are generally safe bets for creating wealth, as these payouts act as a hedge against economic uncertainty, which characterizes current times.
Landstar is also active on the buyback front. LSTR repurchased shares worth $285.9 million in 2022, $53.9 million in 2023, $81.4 million in 2024 and $179.8 million in 2025. During the first quarter of 2026, Landstar purchased 150,923 shares for $22.6 million. Landstar is currently authorized to purchase up to an additional 1,115,195 shares under its longstanding share purchase program. Buybacks not only reduce the total outstanding share count, thereby increasing earnings per share, but also signal management's belief in the intrinsic value of the stock.
Impressive Valuation Picture for LSTR StockLandstar looks cheap from a valuation standpoint. Considering the forward 12-month price-to-sales ratio (P/S-F12M), LSTR is trading at a discount compared to the industry.
The stock has a forward 12-month P/S-F12M of 1.29X compared with 2.70X for the industry over the past five years. These factors indicate that the stock’s valuation is attractive.
LSTR P/S Ratio (Forward 12 Months) Vs. Industry Image Source: Zacks Investment Research
LSTR Stock’s Price PerformanceShares of LSTR stock have gained 45.8% over the past year, underperforming the transportation-truck industry’s 59.2% surge, as well as that of other industry players, J.B. Hunt Transport Services (JBHT - Free Report) and Knight-Swift Transportation Holdings Inc. (KNX - Free Report) , within the same time frame.
LSTR Stock’s One-Year Price Comparison Image Source: Zacks Investment Research
Headwinds Weighing on LSTR StockLandstar is being hurt by reduced demand for freight services and increased truck capacity. Due to the weakness in freight demand, shipment volumes and rates are low. The top line has been suffering mainly due to the below-par performance of its key segment, namely, truck transportation. Revenues are likely to be weak in the future as well.
Risks associated with the economic slowdown, geopolitical tensions and tariff-induced economic uncertainty continue to bother the stock’s performance. As things stand now, consumer spending and business investments remain low, and production levels have decreased in response to reduced demand, affecting demand for goods transportation and resulting in a freight recession (The Cass Freight Shipments Index, which declined 4.4% year over year in April 2026, 4.5% year over year in March 2026, 7.2% year over year in February 2026 and 7.1% in January 2026. This measure has also deteriorated year over year in each of the past 12 months in 2025, which confirms the overall declining trend). We currently believe that these factors indicate persistent weakness in freight demand through the remainder of this year.
The still-high inflation reading continues to hurt consumer sentiment and growth expectations. With labor and material costs showing no signs of letting off, the ability to pass these increases through to the consumer will determine the profitability of trucking companies like LSTR.
The truck industry, of which Landstar is an integral part, has been persistently battling a driver shortage for several years. As old drivers are retiring, trucking companies are finding it difficult to find new drivers to take their place since the low-paying job does not appeal to the younger generation.
Time to Hold LSTR StockIt is understood that LSTR stock is currently attractively valued. Moreover, Landstar's efforts to develop its heavy haul services are commendable and should boost profitability. Cross-border transportation with Mexico also offers significant growth opportunities. A solid balance sheet allows the company to continue paying dividends and buying back shares, reflecting its pro-shareholder stance.
Despite these positives, we advise investors not to buy LSTR stock now, as it continues to be hurt by reduced demand for freight services and increased truck capacity. Due to the demand weakness, shipment volumes and rates are low. Driver shortage continues to be another major concern. Considering all these factors, we advise investors to wait for a better entry point and not buy LSTR now. For those who already own the stock, it will be prudent to stay invested. The company’s current Zacks Rank #3 (Hold) justifies our analysis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2026) - Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) (FSE: PR90) ("Lodestar" or the "Company") is pleased to announce that its common shares have been approved for trading on the OTCQB Market, and that it has completed its maiden drill program at the Gold Run Project, with assay results currently being analyzed. Drill Program Update Lodestar has now successfully completed its maiden drill program at Gold Run, comprising 18 RC holes for a total of 2,820 metres.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Landstar System (LSTR - Free Report) Landstar System is an asset-light provider of integrated transportation management solutions, incorporated in 1991. Based in Jacksonville, FL, the company provides services throughout the United States, Canada, Mexico as well as other countries in North America. The company delivers safe, specialized transportation services to a broad range of customers by connecting them with over 101,000 third-party capacity owner partners. Its business model is such that a large part of its operating costs is directly proportional to revenues.
LSTR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Transportation stock. LSTR has a Momentum Style Score of B, and shares are up 26% over the past four weeks.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.17 to $5.57 per share. LSTR also boasts an average earnings surprise of +2.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, LSTR should be on investors' short list.
