Universal Logistics (NASDAQ:ULH – Get Free Report) announced its quarterly earnings data on Thursday. The transportation company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.37, FiscalAI reports. Universal Logistics had a negative net margin of 3.16% and a positive return on equity of 1.99%. The business had revenue of $394.05 million for the quarter, compared to analyst estimates of $390.00 million.
Universal Logistics Stock Performance
Shares of Universal Logistics stock traded up $0.38 during trading on Thursday, reaching $17.42. The company’s stock had a trading volume of 80,983 shares, compared to its average volume of 59,175. The company has a 50-day moving average price of $17.77 and a two-hundred day moving average price of $17.35. Universal Logistics has a fifty-two week low of $11.73 and a fifty-two week high of $25.80. The firm has a market cap of $459.37 million, a PE ratio of -9.47 and a beta of 0.74. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.06.
Universal Logistics Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st were issued a $0.1050 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 1st. Universal Logistics’s payout ratio is presently -22.83%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Wall Street Zen raised shares of Universal Logistics from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research report on Monday, September 21st. Finally, Stifel Nicolaus decreased their price objective on shares of Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $15.00.
View Our Latest Analysis on ULH
Universal Logistics Company Profile
Universal Logistics Holdings, Inc provides transportation and logistics services throughout the United States, Canada and Mexico. The company serves automotive, industrial, retail and other commercial customers with customized supply-chain solutions designed to move freight and support manufacturing and distribution operations.
Its services include contract logistics, dedicated transportation, truckload and intermodal transportation, freight brokerage, drayage, and value-added services.
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