NEW YORK (TheStreet) -- Landstar System Inc (LSTR) stock is up 3.16% to $70.13 today after the company said revenue in the first two months of its third quarter increased by more than 20% from the same period of last year due to positive operating trends in its mid-quarter update.
The transportation company said its full year revenue guidance of $3 billion should be achieved and sees no change in positive momentum for the remainder of year.
Landstar System added that it is comfortable with its third quarter earnings range of 78 cents per share to 82 cents per share, in line with the consensus estimate of 80 cents per share.
Separately, TheStreet Ratings team rates LANDSTAR SYSTEM INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate LANDSTAR SYSTEM INC (LSTR) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins."