Landstar System, Inc. Plans Quarterly Dividend of $0.40 (NASDAQ:LSTR)

Key Points

• Landstar System, Inc. has declared a quarterly dividend of $0.40 per share, which equates to an annualized dividend of $1.60 and a yield of 1.20%. The ex-dividend date is set for August 19th.
• The company's stock recently traded down by 3.3% to $133.37, with analysts noting it had a 12-month price range of $128.99 to $196.86.
• Landstar System reported a quarterly EPS of $1.20, exceeding analyst estimates, despite a 1.1% decline in year-over-year revenue, totaling $1.21 billion.

Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, Wall Street Journal reports. Stockholders of record on Tuesday, August 19th will be paid a dividend of 0.40 per share by the transportation company on Tuesday, September 9th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 19th.

Landstar System has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Landstar System to earn $7.35 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 19.6%.

Landstar System Stock Down 2.7%

LSTR stock traded down $3.66 on Friday, reaching $129.72. 98,490 shares of the company traded hands, compared to its average volume of 370,499. Landstar System has a one year low of $128.99 and a one year high of $196.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.00 and a quick ratio of 2.03. The company has a market cap of $4.53 billion, a P/E ratio of 27.25 and a beta of 0.88. The firm has a fifty day simple moving average of $139.46 and a 200-day simple moving average of $147.11.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. Landstar System had a return on equity of 17.49% and a net margin of 3.51%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the company earned $1.48 EPS. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. Research analysts anticipate that Landstar System will post 6.1 earnings per share for the current year.

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.