Universal Logistics (NASDAQ:ULH) Issues Quarterly Earnings Results

Universal Logistics (NASDAQ:ULH - Get Free Report) posted its earnings results on Thursday. The transportation company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.16), Zacks reports. Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. During the same quarter last year, the business earned $0.81 earnings per share.

Universal Logistics Trading Down 13.9 %

Shares of ULH stock traded down $4.80 during trading hours on Monday, hitting $29.73. The company had a trading volume of 103,094 shares, compared to its average volume of 45,988. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $782.43 million, a PE ratio of 6.02 and a beta of 0.90. The company's fifty day moving average is $45.42 and its 200 day moving average is $44.24. Universal Logistics has a fifty-two week low of $29.73 and a fifty-two week high of $53.29.

Universal Logistics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, March 3rd. Universal Logistics's dividend payout ratio is presently 8.50%.

Analysts Set New Price Targets

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

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.