Landstar System (NASDAQ:LSTR – Get Free Report) announced its quarterly earnings data on Tuesday. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02, Briefing.com reports. Landstar System had a net margin of 4.49% and a return on equity of 21.61%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business posted $1.85 EPS. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. Landstar System updated its Q3 2024 guidance to 1.350-1.550 EPS and its Q3 guidance to $1.35-1.55 EPS.
Landstar System Stock Down 1.8 %
LSTR stock opened at $186.80 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.22. The firm’s fifty day simple moving average is $182.75 and its 200-day simple moving average is $184.97. Landstar System has a 12 month low of $161.13 and a 12 month high of $203.19. The company has a market capitalization of $6.68 billion, a P/E ratio of 28.74 and a beta of 0.80.
Landstar System Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be issued a $0.36 dividend. This is an increase from Landstar System’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, August 20th. Landstar System’s dividend payout ratio is 20.31%.
Analysts Set New Price Targets
Read Our Latest Analysis on Landstar System
About Landstar System
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.
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