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LSTR - Dividend Yield & Stock Price History
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Dividend.com DARS Rating™ Breakdown for LSTR
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Landstar Systems (LSTR) - News
Landstar Downgraded to "Market Perform" at Wells Fargo (LSTR)Jun 24, 2013On Monday, Wells Fargo reported that it has downgraded freight transportation services provider, Landstar System, Inc. (LSTR) to "Market Perform." The firm has lowered its rating on LSTR from "Outperform" to "Market Perform," and has reduced its valuation range from $58-$60 to $52-$55. This price target suggests up to a 6% upside from the stock's current price of $51.64. An analyst from the firm commented, "we see increased competition in truck brokerage and subsequent pricing pressure leading to margin headwinds and less earnings growth. We also see some “spillover” into intermodal. In truck brokerage, we believe large players are more interested in growth and market share gains versus near-term earnings. We think these dynamics and other factors will in turn keep a lid on intermodal rates even as rail cost inflation continues." Landstar System shares were mostly flat during premarket trading Monday. The stock has been mostly flat YTD. The Bottom Line Shares of Landstar System, Inc. (LSTR) have a 0.46% yield, based on Friday's closing price of $51.64. Landstar System, Inc. (LSTR) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Alliance Holdings Group...
The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Landstar Systems (LSTR) ...
Landstar System Q2 Profit Plunges 40%; Dividend Increased (LSTR)Jul 16, 2009Transportation and logistics company Landstar System, Inc. (LSTR) said late Wednesday that its second quarter profit tumbled 40% from last year, as the economic recession continued to hurt its businesses. The Jacksonville, Florida-based company reported second quarter net income of $17.9 million, or 35 cents per share, compared with $29.8 million, or 56 cents per share, in the year-ago period. Excluding one-time acquisition expenses, Landstar saw adjusted earnings of 37 cents per share. Revenue for the latest quarter totaled $491.2 million, a nearly 30% decline from $697.7 million last year. On average, Wall Street analysts expected a higher profit of 40 cents per share on significantly higher revenue of $536.9 million. Landstar, which provides hauling services to a variety of companies and sectors, said its number of loads hauled fell 16% from the same quarter last year. In a bit of encouraging news, the company raised its quarterly dividend, albeit slightly, to 4.5 cents per share from 4 cents per share. The dividend is payable August 28 to shareholders of record as of August 10. Landstar System shares fell 37 cents, or -1%, in afternoon trading Thursday. The Bottom Line We removed shares of LSTR from our "recommended" list on Aug.21, when the stock was trading at $49.28. The company has a dividend yield of .52%, based on last night's closing stock price of $34.38. The stock has technical support in the $27-29 price area. If the shares can firm up, we see overhead resistance around the $40 price levels. We would remain on the sidelines for now. Landstar System, Inc. (LSTR) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Enterprise GP Holdings LP...