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

Universal Logistics (NASDAQ:ULH) announced its quarterly earnings data on Thursday. The transportation company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.37, FiscalAI reports. Universal Logistics had a return on equity of 4.11% and a net margin of 2.92%. The firm had revenue of $394.05 million for the quarter, compared to analysts’ expectations of $390.00 million.

Universal Logistics Trading Up 29.7%

NASDAQ:ULH opened at $22.59 on Friday. Universal Logistics has a 12-month low of $11.73 and a 12-month high of $25.80. The firm has a market capitalization of $595.70 million, a P/E ratio of 13.37 and a beta of 0.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50 day simple moving average of $17.78 and a 200 day simple moving average of $17.38.

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Tuesday, December 1st will be issued a $0.1050 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.42 annualized dividend and a dividend yield of 1.9%. Universal Logistics’s dividend payout ratio (DPR) is -22.83%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ULH shares. Zacks Research upgraded Universal Logistics from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Stifel Nicolaus dropped their price target on Universal Logistics from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Wednesday, July 15th. Wall Street Zen upgraded Universal Logistics from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a report on Monday, September 21st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Universal Logistics currently has an average 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.