Last $68.02 USD
Change Today -0.40 / -0.58%
Volume 85.6K
LSTR On Other Exchanges
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As of 11:11 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

landstar system inc (LSTR) Snapshot

Open
$68.42
Previous Close
$68.42
Day High
$68.57
Day Low
$67.74
52 Week High
07/23/14 - $73.95
52 Week Low
07/25/13 - $51.16
Market Cap
3.1B
Average Volume 10 Days
289.6K
EPS TTM
$2.60
Shares Outstanding
45.0M
EX-Date
08/7/14
P/E TM
26.2x
Dividend
$0.28
Dividend Yield
0.69%
Current Stock Chart for LANDSTAR SYSTEM INC (LSTR)

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landstar system inc (LSTR) Details

Landstar System, Inc., together with its subsidiaries, provides integrated transportation management solutions in the United States and internationally. It operates in two segments, Transportation Logistics and Insurance. The Transportation Logistics segment provides a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, project cargo, and customs brokerage, as well as warehousing solutions. This segment offers truck services through dry and specialty vans of various sizes, unsided/platform trailers, temperature-controlled vans, and containers; rail intermodal services through contracts with domestic and Canadian railroads; and air and ocean services through contracts with domestic and international airlines and ocean lines. It serves automotive products, lumber and building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, ammunition and explosives, and military equipment industries, as well as offers transportation services to other transportation companies, including logistics and less-than-truckload service providers. The Insurance segment reinsures certain risks of the company’s independent contractors. The company markets its services through independent commission sales agents and third party capacity providers. Landstar System, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.

1,217 Employees
Last Reported Date: 02/21/14
Founded in 1968

landstar system inc (LSTR) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $575.0K
President, Chief Financial Officer and Princi...
Total Annual Compensation: $300.0K
Chief Safety & Operations Officer and Vice Pr...
Total Annual Compensation: $215.0K
Chief Commercial & Marketing Officer and Vice...
Total Annual Compensation: $230.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2013.

landstar system inc (LSTR) Key Developments

Landstar System Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014; Declares Quarterly Dividend Payable on August 29, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Landstar System Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported net income of $63,563,000 or $1.40 per diluted share on revenue of $1,502,640,000 against net income of $57,206,000 or $1.23 per diluted share on revenue of $1,297,270,000 a year ago. Operating income was $103,586,000 compared to $90,235,000 a year ago. Income from continuing operations before income taxes was $102,100,000 compared to $88,724,000 a year ago. Income from continuing operations was $63,563,000 or $1.40 per diluted share against income from continuing operations was $55,243,000 or $1.19 per diluted share a year ago. For the six months, the company reported net income of $35,925,000 or $0.80 per diluted share on revenue of $814,443,000 against net income of $30,426,000 or $0.64 per diluted share on revenue of $674,390,000 a year ago. Operating income was $58,572,000 compared to $48,427,000 a year ago. Income from continuing operations before income taxes was $57,854,000 compared to $47,656,000 a year ago. Income from continuing operations was $35,925,000 or $0.80 per diluted share against income from continuing operations was $29,492,000 or $0.64 per diluted share a year ago. In addition, the company announced that its Board of Directors has declared a quarterly dividend of $0.07 per share payable on August 29, 2014 to stockholders of record at the close of business on August 11, 2014. This represents a 17% increase to the Company's previous quarterly dividend. Based on the continuation of these positive trends through the 2014 third quarter and given that the revenue generated in the company's third quarter has historically been very similar to revenue generated in the company's second quarter, the company would expect 2014 third quarter revenue, gross profit, operating income and diluted earnings per share to be similar with those experienced in the 2014 second quarter.

Landstar System Inc. Reports Earnings Results for the First Quarter of 2014

Landstar System Inc. reported earnings results for the first quarter of 2014. The company reported $65 million of revenue growth, $10 million of that revenue growth came from Top 100 customers. The other $55 million came from the customers below that. Going down to operating income and operating margin, the company could see that grew $3 million, off a $9 million worth of growth and gross profit.

Landstar System Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2014 09:00 AM

Landstar System Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2014 09:00 AM. Venue: InterContinental Hotel, Boston, Massachusetts, United States. Speakers: Henry H. Gerkens, Chairman, Chief Executive Officer, Member of Safety and Risk Committee and Member of Strategic Planning Committee.

 

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Industry Analysis

LSTR

Industry Average

Valuation LSTR Industry Range
Price/Earnings 27.9x
Price/Sales 1.1x
Price/Book 6.8x
Price/Cash Flow 16.8x
TEV/Sales 1.0x
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