Landstar System, Inc. (LSTR) To Go Ex-Dividend on February 18th

Landstar System, Inc. (NASDAQ:LSTR) declared a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Tuesday, February 18th.

Landstar System has increased 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% meaning 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 Stock Performance

Shares of NASDAQ:LSTR opened at $161.80 on Friday. The company’s 50 day moving average price is $172.19 and its two-hundred day moving average price is $180.13. Landstar System has a 12-month low of $157.99 and a 12-month high of $196.86. The firm has a market cap of $5.72 billion, a PE ratio of 29.31 and a beta of 0.83. The company has a quick ratio of 2.21, a current ratio of 1.96 and a debt-to-equity ratio of 0.07.

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

Wall Street Analysts Forecast Growth

LSTR has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Landstar System from $164.00 to $169.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Benchmark restated a “hold” rating on shares of Landstar System in a research report on Friday, January 31st. Susquehanna decreased their price objective on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. UBS Group increased their price objective on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, 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 research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $170.40.

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, such as third party logistics and less-than-truckload services.