Landstar System, Inc. (LSTR) To Go Ex-Dividend on August 18th

Landstar System, Inc. (NASDAQ:LSTR – Get Free Report) announced a quarterly dividend on Monday, July 27th. Investors of record on Tuesday, August 18th will be paid a dividend of 0.44 per share by the transportation company on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, August 18th. This is a 10.0% increase from Landstar System’s previous quarterly dividend of $0.40.

Landstar System has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 10 years. Landstar System has a payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Landstar System to earn $7.41 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 23.8%.

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Landstar System Stock Up 0.8%

LSTR opened at $190.19 on Friday. The company has a 50 day moving average of $202.08 and a 200 day moving average of $179.98. The company has a market cap of $6.45 billion, a PE ratio of 49.27 and a beta of 0.90. Landstar System has a 12 month low of $119.32 and a 12 month high of $228.46. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.05.

Landstar System (NASDAQ:LSTR – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.05). The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Landstar System had a net margin of 2.64% and a return on equity of 20.84%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 earnings per share. On average, sell-side analysts expect that Landstar System will post 5.84 EPS for the current year.

Landstar System declared that its Board of Directors has authorized a stock buyback plan on Tuesday, April 28th that authorizes the company to repurchase 1,115,195,000,000 shares. This repurchase authorization authorizes the transportation company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

About Landstar System

(Get Free Report)

Landstar System, Inc provides integrated transportation management solutions through a network of independent agents and third-party capacity providers. The company specializes in truckload brokerage, intermodal, air and ocean freight, expedited and heavy-haul services, along with value-added offerings such as cargo insurance, customs brokerage and supply chain management. Landstar’s proprietary technology platform enables real-time load matching, shipment tracking and data analytics to optimize fleet utilization and improve customer service.

Founded in 1968 and headquartered in Jacksonville, Florida, Landstar pioneered an asset-light brokerage model that has evolved into a global logistics operation.

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