Universal Logistics (NASDAQ:ULH) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• Universal Logistics reported $0.32 EPS for the quarter, missing estimates by $0.02 EPS, alongside a revenue of $393.79 million, which also fell short of expectations.
• The company declared a quarterly dividend of $0.105 per share, scheduled for payment on October 1st, reflecting an annualized yield of 1.39%.
• Shares of ULH rose by $2.72 to reach $30.11 in mid-day trading, while analysts have adjusted the price target for the stock, with some maintaining a "hold" rating.

Universal Logistics (NASDAQ:ULH - Get Free Report) posted its quarterly earnings results on Thursday. The transportation company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02), Zacks reports. Universal Logistics had a net margin of 3.66% and a return on equity of 9.52%. The firm had revenue of $393.79 million for the quarter, compared to analysts' expectations of $398.50 million.

Universal Logistics Trading Down 2.1%

NASDAQ ULH traded down $0.51 during trading on Wednesday, hitting $23.67. The stock had a trading volume of 41,579 shares, compared to its average volume of 56,903. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $623.23 million, a price-to-earnings ratio of 10.16 and a beta of 1.00. Universal Logistics has a one year low of $20.60 and a one year high of $53.29. The stock has a 50 day simple moving average of $25.54 and a 200 day simple moving average of $28.42.

Universal Logistics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 1st will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Friday, August 29th. Universal Logistics's dividend payout ratio (DPR) is currently 18.03%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ULH. Stifel Nicolaus decreased their price target on shares of Universal Logistics from $37.00 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Wall Street Zen raised shares of Universal Logistics from a "sell" rating to a "hold" rating in a report on Monday, May 12th.

Institutional Investors Weigh In On Universal Logistics

An institutional investor recently raised its position in Universal Logistics stock. Empowered Funds LLC lifted its holdings in Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) by 5.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 108,268 shares of the transportation company's stock after purchasing an additional 5,136 shares during the period. Empowered Funds LLC owned about 0.41% of Universal Logistics worth $2,841,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 25.50% of the company's stock.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.