Landstar System, Inc. (NASDAQ:LSTR) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.185 per share by the transportation company on Friday, December 6th. This represents a $0.74 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Monday, November 11th.
Shares of LSTR stock opened at $116.72 on Friday. The firm has a market capitalization of $4.67 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The firm has a fifty day simple moving average of $113.67 and a two-hundred day simple moving average of $109.25. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.08. Landstar System has a 12 month low of $90.23 and a 12 month high of $120.23.
Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($0.09). Landstar System had a return on equity of 33.90% and a net margin of 5.76%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The business’s revenue was down 15.8% compared to the same quarter last year. On average, equities analysts predict that Landstar System will post 5.9 earnings per share for the current fiscal year.
Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Landstar System from a “sell” rating to a “hold” rating and set a $117.00 target price for the company in a research note on Wednesday, July 31st. Credit Suisse Group set a $103.00 target price on shares of Landstar System and gave the stock a “hold” rating in a research note on Sunday, September 15th. Buckingham Research reduced their target price on shares of Landstar System from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Stephens set a $129.00 price target on shares of Landstar System and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, SunTrust Banks set a $110.00 price target on shares of Landstar System and gave the company a “hold” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $111.88.
In related news, Director Diana M. Murphy sold 7,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $117.96, for a total transaction of $825,720.00. Following the completion of the transaction, the director now owns 31,969 shares in the company, valued at $3,771,063.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Joseph J. Beacom sold 5,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.23, for a total transaction of $586,150.00. Following the transaction, the chief operating officer now owns 40,924 shares of the company’s stock, valued at approximately $4,797,520.52. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
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 service providers.
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