Landstar System (NASDAQ:LSTR) Given Daily News Impact Score of 0.13
Media coverage about Landstar System (NASDAQ:LSTR) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Landstar System earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 46.8975873527806 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Landstar System (LSTR) opened at 84.00 on Friday. The firm has a market cap of $3.52 billion, a P/E ratio of 24.26 and a beta of 0.75. Landstar System has a 1-year low of $65.05 and a 1-year high of $90.80. The firm has a 50 day moving average price of $85.70 and a 200 day moving average price of $85.27.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. The business had revenue of $870.34 million for the quarter, compared to analysts’ expectations of $859.30 million. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Analysts anticipate that Landstar System will post $3.55 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. This is a boost from Landstar System’s previous quarterly dividend of $0.09. Landstar System’s dividend payout ratio is 11.56%.
Several research analysts have weighed in on LSTR shares. Cowen and Company lifted their target price on Landstar System from $76.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday, April 27th. Stifel Nicolaus lifted their target price on Landstar System from $81.00 to $87.00 and gave the stock a “hold” rating in a report on Friday, April 28th. BidaskClub upgraded Landstar System from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Landstar System from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Thursday, July 6th. Finally, Deutsche Bank AG lowered Landstar System from a “buy” rating to a “hold” rating and reduced their target price for the stock from $97.00 to $87.00 in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $84.86.
About Landstar System
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.
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