Landstar System, Inc. Announces Quarterly Dividend of $0.17 (LSTR)

Landstar System, Inc. (NASDAQ:LSTR) announced a quarterly dividend on Friday, February 1st, Wall Street Journal reports. Investors of record on Monday, February 18th will be given a dividend of 0.165 per share by the transportation company on Friday, March 15th. This represents a $0.66 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, February 14th.

Landstar System has raised its dividend by an average of 28.1% per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Landstar System has a payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Landstar System to earn $6.67 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 9.9%.

LSTR stock opened at $106.25 on Wednesday. Landstar System has a 12 month low of $90.23 and a 12 month high of $128.70. The company has a market cap of $4.27 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16. The company has a quick ratio of 1.94, a current ratio of 1.81 and a debt-to-equity ratio of 0.12.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, January 30th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.10. Landstar System had a net margin of 5.53% and a return on equity of 36.70%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business earned $2.51 earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. Equities analysts predict that Landstar System will post 6.41 earnings per share for the current fiscal year.

LSTR has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Landstar System from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Goldman Sachs Group lowered shares of Landstar System from a “buy” rating to a “neutral” rating and cut their price target for the company from $143.00 to $123.00 in a report on Thursday, November 8th. Cowen restated a “hold” rating and set a $100.00 price target on shares of Landstar System in a report on Wednesday, January 30th. BidaskClub upgraded shares of Landstar System from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Cleveland Research initiated coverage on shares of Landstar System in a report on Friday, October 19th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $114.64.

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Landstar System Company Profile

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, including third party logistics and less-than-truckload service providers.

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Dividend History for Landstar System (NASDAQ:LSTR)

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