News coverage about Landstar System (NASDAQ:LSTR) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing 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 media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 46.626236355193 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of brokerages recently commented on LSTR. BidaskClub raised Landstar System from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Morgan Stanley increased their price target on Landstar System from $75.00 to $94.00 and gave the company an “underweight” rating in a report on Monday, February 26th. Buckingham Research increased their price target on Landstar System from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. KeyCorp reissued a “buy” rating and issued a $125.00 price target on shares of Landstar System in a report on Friday, February 2nd. Finally, Cowen reissued a “market perform” rating and issued a $115.00 price target (up previously from $97.00) on shares of Landstar System in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $107.50.
Landstar System (NASDAQ LSTR) traded up $0.65 during trading hours on Thursday, reaching $111.35. The company’s stock had a trading volume of 218,281 shares, compared to its average volume of 262,053. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. Landstar System has a 52 week low of $80.00 and a 52 week high of $118.60. The company has a market cap of $4,690.44, a P/E ratio of 26.45, a PEG ratio of 1.61 and a beta of 0.80.
Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, January 31st. The transportation company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. Landstar System had a return on equity of 25.30% and a net margin of 4.86%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the business posted $0.94 EPS. Landstar System’s quarterly revenue was up 17.8% compared to the same quarter last year. analysts anticipate that Landstar System will post 5.15 earnings per share for the current fiscal year.
Landstar System declared that its board has approved a share repurchase program on Wednesday, December 13th that permits the company to buyback 1,960,000 outstanding shares. This buyback authorization permits the transportation company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, February 19th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Thursday, February 15th. This is an increase from Landstar System’s previous quarterly dividend of $0.10. Landstar System’s dividend payout ratio (DPR) is currently 14.25%.
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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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