Universal Logistics Holdings Inc (NYSE:ULH) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.22-0.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.22. The company issued revenue guidance of $300-305 million, compared to the consensus revenue estimate of $307.30 million.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Universal Logistics Holdings from a hold rating to a buy rating and set a $23.00 price target for the company in a research report on Thursday. Stifel Nicolaus reissued a buy rating and set a $24.00 price target on shares of Universal Logistics Holdings in a research report on Sunday. Finally, BidaskClub raised shares of Universal Logistics Holdings from a buy rating to a strong-buy rating in a research report on Tuesday, September 12th.

Shares of Universal Logistics Holdings Inc (NYSE ULH) traded up 1.21% during midday trading on Thursday, hitting $20.95. 22,333 shares of the company traded hands. The stock has a market capitalization of $595.86 million and a P/E ratio of 40.29. Universal Logistics Holdings Inc has a 52 week low of $11.65 and a 52 week high of $21.05. The company has a 50-day moving average price of $17.59 and a 200-day moving average price of $14.92.

Universal Logistics Holdings (NYSE:ULH) last released its earnings results on Thursday, July 27th. The transportation company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $305.20 million during the quarter, compared to the consensus estimate of $302.10 million. Universal Logistics Holdings had a return on equity of 7.26% and a net margin of 0.90%. Analysts anticipate that Universal Logistics Holdings Inc will post $0.72 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Universal Logistics Holdings Inc (ULH) Updates Q3 Earnings Guidance” was first published by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/universal-logistics-holdings-inc-ulh-updates-q3-earnings-guidance/1611014.html.

A hedge fund recently raised its stake in Universal Logistics Holdings stock. State Street Corp grew its holdings in Universal Logistics Holdings Inc (NYSE:ULH) by 8.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,951 shares of the transportation company’s stock after acquiring an additional 10,263 shares during the quarter. State Street Corp owned 0.48% of Universal Logistics Holdings worth $2,044,000 at the end of the most recent reporting period.

About Universal Logistics Holdings

Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.

Receive News & Ratings for Universal Logistics Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Logistics Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.