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

Landstar System, Inc. (NASDAQ:LSTR) announced a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.36 per share by the transportation company on Tuesday, March 11th. This represents a $1.44 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, February 18th.

Landstar System has raised its dividend payment by an average of 14.5% annually over the last three years. Landstar System has a dividend payout ratio of 19.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Landstar System to earn $7.44 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 19.4%.

Landstar System Trading Up 1.3 %

NASDAQ:LSTR opened at $161.80 on Friday. The company has a fifty day moving average of $172.19 and a 200 day moving average of $180.13. Landstar System has a 52 week low of $157.99 and a 52 week high of $196.86. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.72 billion, a P/E ratio of 29.31 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.56%. On average, research analysts predict that Landstar System will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LSTR. Evercore ISI lowered their price target on shares of Landstar System from $165.00 to $160.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price objective on shares of Landstar System from $184.00 to $177.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Stephens decreased their price objective on shares of Landstar System from $190.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. UBS Group upped their price objective on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Benchmark restated a “hold” rating on shares of Landstar System in a report on Friday, January 31st. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $170.40.

About Landstar System

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.