Universal Truckload Services, Inc. (NYSE:ULH) released its quarterly earnings results on Thursday. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $276.80 million for the quarter, compared to analysts’ expectations of $253.95 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis.
Separately, Stifel Nicolaus upgraded shares of Universal Truckload Services from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, May 5th.
Universal Truckload Services (NYSE:ULH) traded up 3.68% during mid-day trading on Thursday, reaching $14.95. 22,536 shares of the company traded hands. The stock has a 50-day moving average of $0.00 and a 200 day moving average of $0.00. The stock has a market capitalization of $424.79 million and a PE ratio of 10.97. Universal Truckload Services has a 52-week low of $14.25 and a 52-week high of $14.95.
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.
