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 1.9 %
Shares of NASDAQ:LSTR traded up $2.88 during trading on Wednesday, hitting $155.22. The stock had a trading volume of 315,186 shares, compared to its average volume of 336,693. Landstar System has a 12 month low of $137.15 and a 12 month high of $188.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market capitalization of $5.65 billion, a PE ratio of 13.00, a PEG ratio of 1.09 and a beta of 0.92. The firm has a fifty day moving average of $147.98 and a two-hundred day moving average of $151.40.
Landstar System (NASDAQ:LSTR - Get Rating) last posted its earnings results on Wednesday, July 20th. The transportation company reported $3.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.20). The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2.02 billion. Landstar System had a return on equity of 51.73% and a net margin of 5.89%. The business's revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.40 EPS. As a group, equities research analysts forecast that Landstar System will post 11.73 EPS for the current fiscal year.
Landstar System Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Monday, August 8th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 5th. This represents a $1.20 annualized dividend and a yield of 0.77%. This is a positive change from Landstar System's previous quarterly dividend of $0.25. Landstar System's dividend payout ratio is presently 10.03%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on LSTR shares. Susquehanna Bancshares dropped their target price on shares of Landstar System from $155.00 to $153.00 and set a "neutral" rating on the stock in a research report on Friday, July 22nd. Evercore ISI lowered their price objective 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. StockNews.com downgraded shares of Landstar System from a "buy" rating to a "hold" rating in a report on Tuesday. Cowen lowered their price objective on shares of Landstar System to $157.00 in a report on Friday, July 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of Landstar System from $165.00 to $147.00 and set an "equal weight" rating on the stock in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $162.08.