Universal Logistics Holdings, Inc. (NASDAQ:ULH) Declares Quarterly Dividend of $0.11

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.105 per share by the transportation company on Tuesday, April 1st. This represents a $0.42 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Monday, March 3rd.

Universal Logistics has a payout ratio of 7.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Universal Logistics to earn $5.50 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 7.6%.

Universal Logistics Stock Down 13.9 %

NASDAQ ULH traded down $4.80 on Monday, reaching $29.73. The stock had a trading volume of 103,094 shares, compared to its average volume of 45,988. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75. Universal Logistics has a 1 year low of $29.73 and a 1 year high of $53.29. The business has a 50 day moving average price of $45.42 and a 200 day moving average price of $44.24. The company has a market capitalization of $782.43 million, a price-to-earnings ratio of 6.02 and a beta of 0.90.

Universal Logistics (NASDAQ:ULH - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.16). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. During the same period last year, the company posted $0.81 earnings per share. On average, analysts forecast that Universal Logistics will post 4.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lifted their price objective on shares of Universal Logistics from $42.00 to $44.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd.

About Universal Logistics

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.