Stifel Nicolaus reissued their buy rating on shares of Universal Truckload Services, Inc. (NYSE:ULH) in a research note issued to investors on Wednesday. The brokerage currently has a $17.00 price target on the stock, down from their prior price target of $19.00.
Separately, Zacks Investment Research raised Universal Truckload Services from a sell rating to a hold rating in a research note on Wednesday, August 24th.
Universal Truckload Services (NYSE:ULH) opened at 12.09 on Wednesday. The firm has a market capitalization of $343.53 million and a price-to-earnings ratio of 9.85. Universal Truckload Services has a 12 month low of $11.09 and a 12 month high of $18.31. The firm has a 50 day moving average price of $13.40 and a 200-day moving average price of $14.26.
Universal Truckload Services (NYSE:ULH) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. The company earned $276.80 million during the quarter, compared to analysts’ expectations of $253.95 million. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. On average, equities analysts forecast that Universal Truckload Services will post $1.21 EPS for the current year.
About Universal Truckload Services
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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