Universal Logistics (NASDAQ:ULH) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Universal Logistics (NASDAQ:ULH) issued its quarterly earnings results on Friday. The transportation company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03, FiscalAI reports. The company had revenue of $379.32 million during the quarter, compared to the consensus estimate of $380.40 million. Universal Logistics had a positive return on equity of 2.65% and a negative net margin of 4.29%.

Universal Logistics Stock Performance

Shares of ULH opened at $13.38 on Friday. Universal Logistics has a fifty-two week low of $11.73 and a fifty-two week high of $27.24. The business has a 50-day moving average of $15.40 and a 200 day moving average of $17.02. The firm has a market cap of $352.83 million, a P/E ratio of -5.33 and a beta of 0.68. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.13 and a current ratio of 1.13.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ULH. Stifel Nicolaus decreased their price objective on shares of Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Zacks Research cut shares of Universal Logistics from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Sell” and a consensus price target of $15.00.

Hedge Funds Weigh In On Universal Logistics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in shares of Universal Logistics by 102.3% in the third quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 722 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Universal Logistics by 403.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock worth $54,000 after buying an additional 1,707 shares during the period. Wells Fargo & Company MN boosted its holdings in Universal Logistics by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company’s stock worth $115,000 after buying an additional 2,396 shares during the period. Barclays PLC grew its stake in Universal Logistics by 10.7% in the 4th quarter. Barclays PLC now owns 10,557 shares of the transportation company’s stock valued at $160,000 after buying an additional 1,019 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Universal Logistics by 19.8% during the 4th quarter. Jane Street Group LLC now owns 15,110 shares of the transportation company’s stock valued at $230,000 after acquiring an additional 2,501 shares during the period. Institutional investors own 25.50% of the company’s stock.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.