Universal Logistics (NASDAQ:ULH) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Universal Logistics (NASDAQ:ULH) reported quarterly earnings of $0.24 EPS, exceeding estimates of $0.18 by $0.06. The company generated revenue of $396.79 million, below the expected $422.80 million. Universal Logistics announced a quarterly dividend of $0.105, payable on January 2nd. Institutional investors hold 25.50% of the stock, with recent ratings showing a consensus of "Reduce" and an average target price of $24.00. The stock traded down to $15.04, with a market cap of $396.06 million and a P/E ratio of 6.46.

Universal Logistics (NASDAQ:ULH - Get Free Report) released its quarterly earnings results on Thursday. The transportation company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.06, Zacks reports. The company had revenue of $396.79 million during the quarter, compared to analysts' expectations of $422.80 million. Universal Logistics had a net margin of 3.66% and a return on equity of 9.47%.

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Universal Logistics Price Performance

ULH stock traded down $0.28 during trading on Friday, hitting $15.04. The company had a trading volume of 70,644 shares, compared to its average volume of 51,467. The company has a fifty day moving average price of $21.51 and a two-hundred day moving average price of $23.82. Universal Logistics has a fifty-two week low of $14.25 and a fifty-two week high of $52.74. The company has a market cap of $396.06 million, a P/E ratio of 6.46 and a beta of 0.90. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.07.

Universal Logistics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be issued a $0.105 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.8%. Universal Logistics's dividend payout ratio is presently 18.03%.

Hedge Funds Weigh In On Universal Logistics

Several institutional investors have recently added to or reduced their stakes in ULH. Tower Research Capital LLC TRC boosted its position in Universal Logistics by 403.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company's stock valued at $54,000 after buying an additional 1,707 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Universal Logistics by 93.7% in the 2nd quarter. Legal & General Group Plc now owns 13,514 shares of the transportation company's stock worth $343,000 after acquiring an additional 6,538 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Universal Logistics by 7.1% in the 2nd quarter. Lazard Asset Management LLC now owns 20,569 shares of the transportation company's stock worth $520,000 after acquiring an additional 1,361 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Universal Logistics during the 1st quarter valued at $789,000. Finally, Empowered Funds LLC raised its position in Universal Logistics by 5.0% in the 1st quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company's stock valued at $2,841,000 after purchasing an additional 5,136 shares during the last quarter. 25.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ULH has been the subject of several recent analyst reports. Weiss Ratings restated a "hold (c-)" rating on shares of Universal Logistics in a research note on Wednesday, October 8th. Zacks Research cut Universal Logistics from a "hold" rating to a "strong sell" rating in a research report on Monday, October 27th. Stifel Nicolaus dropped their target price on shares of Universal Logistics from $28.00 to $24.00 and set a "hold" rating on the stock in a research report on Friday, October 10th. Finally, Wall Street Zen downgraded shares of Universal Logistics from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Universal Logistics currently has a consensus rating of "Reduce" and an average target price of $24.00.

Check Out Our Latest Research Report on ULH

About Universal Logistics

(Get Free Report)

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.

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