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

Universal Logistics Holdings, Inc. (NASDAQ:ULH) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.105 per share by the transportation company on Tuesday, April 1st. This represents a $0.42 dividend on an annualized basis and a yield of 0.98%.

Universal Logistics has a payout ratio of 7.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Universal Logistics to earn $4.64 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 9.1%.

Universal Logistics Trading Down 1.6 %

NASDAQ ULH opened at $42.95 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36. Universal Logistics has a fifty-two week low of $30.24 and a fifty-two week high of $53.29. The stock has a market cap of $1.13 billion, a P/E ratio of 8.62 and a beta of 0.90. The stock has a 50 day simple moving average of $45.94 and a two-hundred day simple moving average of $44.32.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.16). Universal Logistics had a net margin of 7.40% and a return on equity of 22.26%. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, analysts forecast that Universal Logistics will post 5.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus increased their price target on shares of Universal Logistics from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd.

Universal Logistics Company Profile

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.