Landstar System, Inc. Declares Quarterly Dividend of $0.36 (NASDAQ:LSTR)

Landstar System, Inc. (NASDAQ:LSTRGet Free Report) declared a quarterly dividend on Monday, October 28th, NASDAQ reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.36 per share by the transportation company on Tuesday, December 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, November 19th.

Landstar System has increased its dividend by an average of 16.8% per year over the last three years. Landstar System has a payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Landstar System to earn $7.40 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 19.5%.

Landstar System Trading Down 1.9 %

Shares of Landstar System stock traded down $3.50 on Wednesday, hitting $177.07. 545,198 shares of the company’s stock traded hands, compared to its average volume of 260,428. The firm’s 50-day moving average price is $183.61 and its two-hundred day moving average price is $182.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market capitalization of $6.33 billion, a PE ratio of 26.93 and a beta of 0.80. Landstar System has a one year low of $163.37 and a one year high of $201.40.

Landstar System (NASDAQ:LSTRGet Free Report) last released its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.05). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. Landstar System had a net margin of 4.49% and a return on equity of 21.69%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 EPS. On average, research analysts expect that Landstar System will post 5.84 EPS for the current fiscal year.

Analysts Set New Price Targets

LSTR has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on Landstar System from $147.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. Susquehanna increased their price objective on shares of Landstar System from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Stifel Nicolaus cut their price objective on shares of Landstar System from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. UBS Group increased their target price on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, TD Cowen cut their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $174.67.

Check Out Our Latest Research Report on Landstar System

About Landstar System

(Get Free Report)

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers 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, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.

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Dividend History for Landstar System (NASDAQ:LSTR)

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