Universal Logistics Holdings Inc (NASDAQ:ULH) Plans $0.11 Quarterly Dividend

Universal Logistics Holdings Inc (NASDAQ:ULH) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.105 per share by the transportation company on Thursday, January 2nd. This represents a $0.42 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, November 29th.

ULH stock opened at $20.75 on Wednesday. The firm has a 50 day moving average price of $21.65 and a 200-day moving average price of $21.42. Universal Logistics has a 52-week low of $17.40 and a 52-week high of $27.49. The firm has a market capitalization of $540.73 million, a price-to-earnings ratio of 9.98 and a beta of 2.06. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.91 and a current ratio of 0.91.

Universal Logistics (NASDAQ:ULH) last released its earnings results on Thursday, October 24th. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.15). Universal Logistics had a net margin of 2.49% and a return on equity of 29.93%. The business had revenue of $375.49 million for the quarter, compared to analysts’ expectations of $387.60 million. As a group, sell-side analysts forecast that Universal Logistics will post 2.55 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Universal Logistics from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. ValuEngine downgraded shares of Universal Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus raised shares of Universal Logistics from a “hold” rating to a “buy” rating and cut their target price for the stock from $31.00 to $30.00 in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Universal Logistics presently has an average rating of “Hold” and a consensus target price of $26.00.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.

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Dividend History for Universal Logistics (NASDAQ:ULH)

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