Landstar System (LSTR) Receiving Somewhat Favorable News Coverage, Report Finds
Media headlines about Landstar System (NASDAQ:LSTR) have been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Landstar System earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 46.8252276195126 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Landstar System, Inc. (LSTR) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Robert W. Baird Reiterates Hold Rating for Landstar System (LSTR) (americanbankingnews.com)
- Landstar System (LSTR) Stock Rating Upgraded by Susquehanna Bancshares (americanbankingnews.com)
- Should You Be Tempted To Sell Landstar System Inc (NASDAQ:LSTR) Because Of Its PE Ratio? (finance.yahoo.com)
Landstar System (NASDAQ:LSTR) opened at $108.45 on Friday. The firm has a market cap of $4,550.00, a price-to-earnings ratio of 29.96, a PEG ratio of 1.85 and a beta of 0.81. Landstar System has a 1-year low of $80.00 and a 1-year high of $108.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.96 and a quick ratio of 1.96.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.05. The firm had revenue of $943.40 million for the quarter, compared to analysts’ expectations of $895.31 million. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. research analysts expect that Landstar System will post 3.69 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be issued a $1.50 dividend. The ex-dividend date is Thursday, January 11th. This represents a dividend yield of 0.39%. This is a boost from Landstar System’s previous special dividend of $1.00. Landstar System’s dividend payout ratio is presently 11.05%.
Landstar System declared that its board has authorized a stock repurchase program on Wednesday, December 13th that permits the company to repurchase 1,960,000 outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
LSTR has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Landstar System from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a report on Wednesday. KeyCorp reissued a “buy” rating and set a $110.00 target price on shares of Landstar System in a report on Tuesday, October 3rd. BidaskClub cut shares of Landstar System from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 3rd. Robert W. Baird reissued a “hold” rating and set a $105.00 target price on shares of Landstar System in a report on Tuesday. Finally, Susquehanna Bancshares raised shares of Landstar System from a “neutral” rating to a “positive” rating and boosted their target price for the company from $109.00 to $124.00 in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Landstar System currently has a consensus rating of “Hold” and a consensus price target of $101.17.
In other news, CFO L Kevin Stout sold 5,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $99.00, for a total value of $495,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dr. Homaira Akbari sold 1,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $98.30, for a total transaction of $98,300.00. Following the completion of the transaction, the director now directly owns 6,656 shares in the company, valued at approximately $654,284.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,805 shares of company stock worth $4,028,128. Insiders own 1.00% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.watchlistnews.com/landstar-system-lstr-receiving-somewhat-favorable-news-coverage-report-finds/1805195.html.
Landstar System Company Profile
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
Receive News & Ratings for Landstar System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System and related companies with Analyst Ratings Network's FREE daily email newsletter.