|Bid||0.01 x 1300|
|Ask||100.00 x 800|
|Day's Range||90.83 - 94.08|
|52 Week Range||85.30 - 120.23|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||16.14|
|Earnings Date||Apr 21, 2020|
|Forward Dividend & Yield||0.74 (0.79%)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||110.20|
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Landstar System, Inc. (NASDAQ: LSTR) business capacity owners who are diagnosed with the COVID-19 virus or need to quarantine will receive $1,000 per week for up to two weeks to help tie them over financially.Landstar's BCOs are the independent contractors who haul loads for Landstar. In the fourth quarter of 2019, they carried 45% of the company's loads as measured by revenue, while what Landstar described as "brokerage carriers" carried 47%. The BCOs' share was up two percentage points from the fourth quarter of 2018. Landstar defines an active carrier as a driver who "moved at least one load in the 180 days immediately preceding the fiscal quarter end.""During this crisis, Landstar has temporarily authorized monies for any Landstar business capacity owner (BCO) who is diagnosed with COVID-19 and/or is required to be quarantined by a public health authority," Landstar said in a prepared statement. The two-week time span approximates the amount of time a person needs to recover or spend in quarantine, according to Landstar. "We hope our BCOs stay healthy and never need to take advantage of this relief effort," the company said in both its statement and its announcement to the BCOs. "We all must also recognize though the possibility that a Landstar BCO may be diagnosed with COVID-19 or ordered to stay home because of a mandatory quarantine. The intent of this new program is to make it easier for a BCO to stay home and take care of his or her health with less worry about paying bills during this unpredictable time."The policy was disclosed to the BCOs in a gathering called the Thursday Safety Conference Call. The BCOs in the fourth quarter carried loads with average revenue per load of $1,918 compared to a company-wide average of $1,773 for dry vans, $2,523 for what the company called "unsided/platform equipment" which would be mostly flatbed, and $632 for LTL. That company-wide total averaged out at $1,877, about $41 less than figure for BCO-only loads.Some analysts have said they look at the BCO numbers as a strong indicator of capacity. In the fourth quarter of 2019, Landstar said it had 9,554 BCOs compared to 9,884 BCOs in the fourth quarter of 2018. At the end of 4Q 2019, there were 39,497 "approved and active" BCOs compared to 41,069 in the fourth quarter of 2018. The category of "other approved" brought the 4Q 2019 total to 65,871 compared to 68,938 a year earlier. See more from Benzinga * Stifel Sees Decent Volumes Near Term, 2Q In Jeopardy * Trucking Carriers Call For A Second Half Recovery, But Does The Data Support It? * Landstar Still Waiting On Inflection In Demand And Capacity(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than...
Two historical freight market troughs in 2011 and 2013 support the idea that rapidly contracting absolute capacity coupled with even modest economic growth should yield higher spot rates. Truckload carriers were virtually unanimous in their belief that freight markets – and, most importantly, trucking rates – will mount a significant recovery in the second half of 2020. In our view, it's important to distinguish between absolute and relative capacity because, for example, the total number of trucks available for dispatch could remain constant while freight volumes decline, which would have the effect of loosening relative capacity.
Last week, you might have seen that Landstar System, Inc. (NASDAQ:LSTR) released its full-year result to the market...
Landstar System's Inc. (NASDAQ: LSTR) conference call with analysts and investors on Thursday was summed up best by company President and CEO Jim Gattoni. For starters, the company's guidance calls for loads hauled via truck and revenue per truck load to decline in the mid-single-digit range year-over-year, in line with what the market has yielded to Landstar so far in January. Gattoni said that Landstar has seen some stability in volume and price so far this year, but noted that the market remains soft.
Asset-light third-party logistics provider Landstar System's Inc. (NASDAQ: LSTR) fourth quarter results came in light of analysts' expectations and its own guidance. "During the 2019 fourth quarter, we incurred $7.2 million of unfavorable development of prior year claims that drove actual insurance and claims costs to 5.7 percent of BCO revenue in the quarter," Landstar President and CEO Jim Gattoni stated in a press release issued after the close Wednesday. The company's original guide for the fourth quarter assumed insurance and claims expenses to be 3.6% of BCO revenue.
Landstar (LSTR) delivered earnings and revenue surprises of -9.93% and 0.24%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Cost-control efforts are likely to have aided most transportation companies' Q4 to cope with low revenues caused by weak freight demand.
Landstar (LSTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Landstar System, Inc. (NASDAQ:LSTR), which is in the transportation business, and is based in United States, saw its...
JACKSONVILLE, Fla., Jan. 15, 2020 -- Landstar System, Inc. (NASDAQ:LSTR), a worldwide, asset-light provider of integrated transportation management solutions delivering safe,.
California's new law regulating gig workers could have a big impact on Jacksonville-based Landstar Systems Inc. — and perhaps other local companies in the transportation industry — if it is allowed to go into affect. Caught up in that definition: Owner-operators, which are truck drivers who own their own rigs and work on a contract basis. This would impact companies like Landstar, one of the largest companies to contract with owner-operators truck drivers in the country.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Landstar System Inc. 's (NASDAQ: LSTR ) board of directors has authorized the payment of a one-time special dividend of $2 per share. 2019 has not been kind to freight brokers, especially those with significant ...
JACKSONVILLE, Florida, Dec. 10, 2019 -- Landstar System, Inc. (NASDAQ-LSTR), a worldwide, asset-light provider of integrated transportation management solutions delivering.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
If you're interested in Landstar System, Inc. (NASDAQ:LSTR), then you might want to consider its beta (a measure of...