Universal Truckload Services, Inc. (ULH) Downgraded to Sell at Zacks Investment Research

Universal Truckload Services, Inc. (NYSE:ULH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “Universal Truckload is a primarily non-asset based provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. Their over-the-road trucking services include both flatbed and dry van operations and they provide rail-truck and steamship-truck intermodal support services. They also offer truck brokerage services, which allow them to supplement their capacity and provide their customers with transportation of freight not handled by their owner-operators. “

Shares of Universal Truckload Services (NYSE:ULH) traded up 0.268% on Wednesday, hitting $13.115. The stock had a trading volume of 473 shares. Universal Truckload Services has a one year low of $11.12 and a one year high of $18.31. The company has a market capitalization of $372.65 million and a P/E ratio of 10.680. The firm has a 50 day moving average price of $13.55 and a 200 day moving average price of $14.42.

Universal Truckload Services (NYSE:ULH) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. The business earned $276.80 million during the quarter, compared to analysts’ expectations of $253.95 million. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. On average, equities research analysts predict that Universal Truckload Services will post $1.21 earnings per share for the current fiscal year.

Universal Truckload Services Company Profile

Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of 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. The Company’s operations aggregated in the transportation segment are associated with individual freight shipments coordinated by its agents, company-managed terminals and specialized services operations.

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