Stock Monitor: Heartland Express Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 16, 2018 / If you want access to our free earnings report on Landstar System, Inc. (NASDAQ: LSTR), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LSTR. Landstar System reported its first quarter fiscal 2018 operating and financial results on April 25, 2018. The freight shipper and warehouse Company achieved record first quarter of loads hauled via truck. The Company also set all-time quarterly records for both gross profit and operating income as well as a new all-time record for trucks provided by BCOs with 9,868 as of the end of Q1 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Heartland Express, Inc. (NASDAQ: HTLD), which also belongs to the Services sector as the Company Landstar System. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Landstar System most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

Landstar generated record first quarter revenue of $1.05 billion, up 34% compared to revenue of $781 million in Q1 2017. The Company's reported numbers beat analysts' estimates of $1.04 billion.

During Q1 2018, Landstar's gross profit (defined as revenue less the cost of purchased transportation and commissions to agents) was a record $155.5 million compared to $121.6 million in Q1 2017. The Company's operating margin, representing operating income divided by gross profit, was 48.3% in the reported quarter.

Landstar reported record first quarter earnings of $1.37 per diluted share, up 78% compared to $0.77 per diluted share in Q1 2017. The Company's reported numbers surpassed Wall Street's estimates of $1.36 per share.

Operating Result

During Q1 2018, Landstar's Truck transportation revenue hauled by independent business capacity owners (BCOs) and truck brokerage carriers was $979.1 million, or 93% of revenue, compared to $726.8 million, or 93% of revenue, in Q1 2017. The Company's number of loads hauled via truck in the reported quarter increased 12% on a y-o-y basis, driven by 13% growth in the number of loads hauled via van equipment, an 8% increase in the number of loads hauled via unsided/platform equipment, and a 12% gain in less-than-truckload volume. Landstar's number of loads hauled via railroads, ocean cargo carriers, and air cargo carriers were 20% on a y-o-y basis, primarily due to a 25% growth in rail intermodal volume.

For Q1 2018, Landstar's Truckload transportation revenue hauled via van equipment was $656.1 million compared to $470.0 million in Q1 2017. The Company's Truckload transportation revenue hauled via unsided/platform equipment in the reported quarter was $299.4 million compared to $237.2 million in the prior year's same quarter. During Q1 2018, Landstar's revenue hauled by rail, air, and ocean cargo carriers was $52.8 million, or 5% of revenue, compared to $42.4 million, or 5% of revenue, in Q1 2017.

Cash Matters

Landstar's trailing twelve-month return on average shareholders' equity was 32% and trailing twelve-month return on invested capital, was 27%. As of March 31, 2018, the Company had $260 million in cash and short-term investments and $217 million available for borrowings under the Company's senior credit facility. Landstar is authorized to purchase up to approximately 2,986,000 shares of its common stock under Landstar's previously announced share purchase programs.

Outlook

For second quarter 2018, Landstar is forecasting truck revenue per load to be higher than Q2 2017 in a 19 to 22 percentage range. The Company is expecting anticipate revenue to be in a range of $1.115 billion to $1.165 billion. Landstar is projecting Q2 2018 earnings to be in a range of $1.48 to $1.54 per share compared to $0.89 per diluted share in Q2 2017.

Stock Performance Snapshot

May 15, 2018 - At Tuesday's closing bell, Landstar System's stock marginally fell 0.50%, ending the trading session at $109.05.

Volume traded for the day: 394.82 thousand shares, which was above the 3-month average volume of 386.93 thousand shares.

Stock performance in the last three-month ? up 0.37%; previous six-month period ? up 14.15%; past twelve-month period ? up 34.56%; and year-to-date ? up 6.26%

After yesterday's close, Landstar System's market cap was at $4.57 billion.

Price to Earnings (P/E) ratio was at 25.10.

The stock has a dividend yield of 0.55%.

The stock is part of the Services sector, categorized under the Trucking industry.

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