Universal Logistics (NASDAQ:ULH) Announces Quarterly Earnings Results, Beats Estimates By $0.37 EPS

Key Points

• Universal Logistics reported quarterly EPS of $0.69, exceeding analysts’ $0.32 consensus estimate by $0.37. Revenue reached $394.05 million, slightly above expectations of $390 million.
• The company declared a quarterly dividend of $0.105 per share, equivalent to $0.42 annually and a 2.4% yield.
• Shares rose 1.7% to $17.33, but analyst sentiment remained cautious, with a consensus rating of “Reduce” and a $15 price target.

Universal Logistics (NASDAQ:ULH - Get Free Report) issued its quarterly earnings data on Thursday. The transportation company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.32 by $0.37, FiscalAI reports. The company had revenue of $394.05 million during the quarter, compared to analysts' expectations of $390.00 million. Universal Logistics had a negative net margin of 3.16% and a positive return on equity of 1.99%.

Universal Logistics Trading Up 1.7%

Shares of NASDAQ ULH traded up $0.29 during midday trading on Thursday, hitting $17.33. 80,757 shares of the company traded hands, compared to its average volume of 59,173. Universal Logistics has a 12-month low of $11.73 and a 12-month high of $25.80. The firm has a market cap of $456.99 million, a P/E ratio of -9.42 and a beta of 0.74. The stock has a 50-day moving average price of $17.77 and a 200 day moving average price of $17.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.20 and a current ratio of 1.20.

Universal Logistics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 1st were given a dividend of $0.1050 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.42 annualized dividend and a dividend yield of 2.4%. Universal Logistics's payout ratio is currently -22.83%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen raised shares of Universal Logistics from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Zacks Research raised Universal Logistics from a "strong sell" rating to a "hold" rating in a report on Monday, September 14th. Stifel Nicolaus cut their price target on shares of Universal Logistics from $17.00 to $15.00 and set a "hold" rating for the company in a research report on Wednesday, July 15th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Universal Logistics in a research note on Monday, September 21st. 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 data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $15.00.

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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