Landstar System, Inc. (NASDAQ:LSTR) declared a quarterly dividend on Thursday, July 27th, NASDAQ reports. Stockholders of record on Monday, August 14th will be given a dividend of 0.10 per share by the transportation company on Friday, September 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from Landstar System’s previous quarterly dividend of $0.09.
Landstar System (NASDAQ LSTR) traded up 0.12% on Friday, hitting $81.55. 813,546 shares of the stock traded hands. Landstar System has a 12-month low of $65.05 and a 12-month high of $90.80. The stock has a market cap of $3.42 billion, a P/E ratio of 23.56 and a beta of 0.75. The stock has a 50-day moving average price of $85.38 and a 200 day moving average price of $85.20.
Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. The firm had revenue of $870.34 million during the quarter, compared to analysts’ expectations of $859.30 million. Landstar System had a net margin of 4.37% and a return on equity of 26.11%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 earnings per share. On average, equities analysts expect that Landstar System will post $3.55 EPS for the current fiscal year.
Several research analysts have recently weighed in on the stock. Stifel Nicolaus upgraded shares of Landstar System from a “hold” rating to a “buy” rating and upped their price target for the company from $87.00 to $95.00 in a report on Monday, July 31st. BidaskClub cut shares of Landstar System from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Landstar System from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Thursday, July 6th. Cowen and Company upped their price target on shares of Landstar System from $76.00 to $82.00 and gave the company a “market perform” rating in a report on Thursday, April 27th. Finally, Morgan Stanley upped their price target on shares of Landstar System from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Landstar System presently has a consensus rating of “Hold” and an average price target of $84.86.
Landstar System Company Profile
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
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