Universal Logistics Holdings, Inc. (ULH) to Distribute Quarterly Dividend of $0.10 on January 6th

Universal Logistics Holdings, Inc. (NASDAQ:ULH) declared a quarterly dividend on Thursday, October 29th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.1050 per share by the transportation company on Wednesday, January 6th. This represents a $0.42 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, December 1st.

Universal Logistics has increased its dividend payment by an average of 0.1% per year over the last three years. Universal Logistics has a payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Universal Logistics to earn $1.15 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 36.5%.

Universal Logistics Stock Up 29.7%

Shares of NASDAQ:ULH opened at $22.59 on Friday. The business’s 50 day moving average is $17.78 and its 200 day moving average is $17.38. Universal Logistics has a 12-month low of $11.73 and a 12-month high of $25.80. The stock has a market cap of $595.70 million, a price-to-earnings ratio of 13.37 and a beta of 0.74. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.06.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, October 29th. The transportation company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.37. Universal Logistics had a return on equity of 4.11% and a net margin of 2.92%. The business had revenue of $394.05 million during the quarter, compared to analyst estimates of $390.00 million. On average, sell-side analysts forecast that Universal Logistics will post 0.50 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Stifel Nicolaus dropped their price target on shares of Universal Logistics from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a report on Monday, September 21st. Finally, Zacks Research upgraded shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $15.00.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics services throughout the United States, Canada and Mexico. The company serves automotive, industrial, retail and other commercial customers with customized supply-chain solutions designed to move freight and support manufacturing and distribution operations.

Its services include contract logistics, dedicated transportation, truckload and intermodal transportation, freight brokerage, drayage, and value-added services.