Landstar System (LSTR) Receives Daily Media Sentiment Rating of 0.12
News coverage about Landstar System (NASDAQ:LSTR) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Landstar System earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 45.5748808417882 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Landstar System (NASDAQ LSTR) opened at $102.60 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.12. Landstar System has a 1-year low of $80.00 and a 1-year high of $103.60. The stock has a market cap of $4,310.00, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81.
Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.05. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The business had revenue of $943.40 million for the quarter, compared to analysts’ expectations of $895.31 million. During the same quarter in the previous year, the firm posted $0.86 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. equities research analysts forecast that Landstar System will post 3.68 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on LSTR shares. Morgan Stanley lifted their price target on shares of Landstar System from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Monday, August 7th. Cowen reaffirmed a “hold” rating and issued a $86.00 price target on shares of Landstar System in a report on Monday, August 28th. Stephens raised shares of Landstar System from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $88.00 to $103.00 in a report on Wednesday, August 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 price target on shares of Landstar System in a report on Tuesday, September 12th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $110.00 price target on shares of Landstar System in a report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $96.67.
In other news, Director Dr. Homaira Akbari sold 1,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael K. Kneller sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $99.00, for a total transaction of $990,000.00. Following the transaction, the vice president now owns 22,153 shares of the company’s stock, valued at $2,193,147. The disclosure for this sale can be found here. Insiders have sold a total of 40,805 shares of company stock worth $4,028,128 in the last three months. Insiders own 1.00% of the company’s stock.
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.
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