Landstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company 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, small package and less-than-truckload service providers. It provides truck services through dry and specialty vans of various sizes, unsided/platform trailers, temperature-controlled vans, and containers; rail intermodal services through contracts with domestic and Canadian railroads; and air and ocean services through contracts with domestic and international airlines and ocean lines. This segment serves the automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment industries. The Insurance segment reinsures certain risks of the company's independent contractors. The company markets its services through independent commission sales agents and third party capacity providers. Landstar System, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.
Landstar System Stock Up 1.1 %
LSTR traded up $1.74 during midday trading on Thursday, reaching $156.96. The company's stock had a trading volume of 3,199 shares, compared to its average volume of 293,243. The stock's 50-day moving average is $148.08 and its 200-day moving average is $151.43. Landstar System has a 1 year low of $137.15 and a 1 year high of $188.63. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.08 and a beta of 0.92. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.09.
Landstar System (NASDAQ:LSTR - Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The transportation company reported $3.05 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.20). Landstar System had a net margin of 5.89% and a return on equity of 51.73%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business earned $2.40 EPS. Landstar System's revenue was up 25.7% on a year-over-year basis. As a group, research analysts expect that Landstar System will post 11.73 EPS for the current year.
Landstar System Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.76%. This is a boost from Landstar System's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, August 5th. Landstar System's dividend payout ratio is presently 10.03%.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Landstar System from $165.00 to $147.00 and set an "equal weight" rating for the company in a research report on Friday, July 15th. Susquehanna Bancshares cut their price objective on Landstar System from $155.00 to $153.00 and set a "neutral" rating for the company in a report on Friday, July 22nd. Evercore ISI lowered their target price on shares of Landstar System from $173.00 to $161.00 and set an "in-line" rating on the stock in a report on Tuesday, July 12th. Cowen cut their target price on shares of Landstar System to $157.00 in a research note on Friday, July 22nd. Finally, StockNews.com cut shares of Landstar System from a "buy" rating to a "hold" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $162.08.