Universal Logistics Holdings, Inc. Declares Quarterly Dividend of $0.11 (NASDAQ:ULH)

Universal Logistics Holdings, Inc. (NASDAQ:ULH) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Investors of record on Monday, September 2nd will be given a dividend of 0.105 per share by the transportation company on Tuesday, October 1st. This represents a $0.42 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, August 30th.

Universal Logistics has raised its dividend payment by an average of 26.0% annually over the last three years. Universal Logistics has a payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Logistics to earn $5.10 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 8.2%.

Universal Logistics Stock Down 4.4 %

Universal Logistics stock opened at $43.08 on Friday. The business’s 50-day simple moving average is $42.05 and its two-hundred day simple moving average is $37.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $1.13 billion, a PE ratio of 9.41 and a beta of 0.82. Universal Logistics has a fifty-two week low of $20.85 and a fifty-two week high of $50.52.

Universal Logistics (NASDAQ:ULH) last issued its earnings results on Thursday, April 25th. The transportation company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $1.26. Universal Logistics had a return on equity of 23.55% and a net margin of 7.23%. The firm had revenue of $491.91 million for the quarter, compared to analyst estimates of $416.50 million. Equities analysts anticipate that Universal Logistics will post 5.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ULH. StockNews.com raised shares of Universal Logistics from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $46.00 price target (up from $36.00) on shares of Universal Logistics in a report on Monday, April 29th.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.