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Landstar to Participate in Bank of America 2024 Annual Investment Conference
Globe Newswire (Tue, 7-May 7:50 AM ET)
Landstar System Reports First Quarter Revenue of $1.171B and Earnings Per Share of $1.32
Globe Newswire (Wed, 24-Apr 4:15 PM ET)
Landstar to Release First Quarter Results on Wednesday, April 24, 2024
Globe Newswire (Wed, 10-Apr 7:50 AM ET)
Landstar Appoints New Chief Sales Officers
Globe Newswire (Mon, 18-Mar 9:15 AM ET)
Landstar System is an agent based asset-light third-party logistics provider focused on domestic truck brokerage (90% of revenue). Historically, around half of its truck transportation freight is hauled by leased owner-operators with the remainder hauled by third-party broker-carriers. To a smaller degree, it offers intermodal, global air and ocean forwarding, and warehousing services. Landstar also runs a small business that offers insurance programs to captive owner-operators. It has a long history of industry-leading execution and operating profitability.
Landstar System trades on the NASDAQ stock market under the symbol LSTR.
As of May 16, 2024, LSTR stock price climbed to $185.40 with 304,900 million shares trading.
LSTR has a beta of 1.23, meaning it tends to be more sensitive to market movements. LSTR has a correlation of 0.51 to the broad based SPY ETF.
LSTR has a market cap of $6.63 billion. This is considered a Mid Cap stock.
Last quarter Landstar System reported $1 billion in Revenue and $1.32 earnings per share. This beat revenue expectation by $51 million and exceeded earnings estimates by $.04.
In the last 3 years, LSTR stock traded as high as $208.62 and as low as $137.15.
The top ETF exchange traded funds that LSTR belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.
LSTR has underperformed the market in the last year with a return of +6.3%, while the SPY ETF gained +29.6%. In the last 3 month period, LSTR fell short of the market, returning -5.5%, while SPY returned +5.6%. However, in the most recent 2 weeks LSTR has outperformed the stock market by returning +7.8%, while SPY returned +5.7%.
LSTR support price is $182.16 and resistance is $187.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LSTR stock will trade within this expected range on the day.