Zacks Investment Research upgraded shares of Universal Truckload Services, Inc. (NYSE:ULH) from a sell rating to a hold rating in a research note published on Tuesday.
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. “
Universal Truckload Services (NYSE:ULH) opened at 12.22 on Tuesday. Universal Truckload Services has a one year low of $11.09 and a one year high of $18.31. The company’s 50-day moving average is $13.31 and its 200 day moving average is $14.20. The stock has a market capitalization of $347.22 million and a price-to-earnings ratio of 9.95.
Universal Truckload Services (NYSE:ULH) last posted its earnings results on Thursday, July 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.01. The business had revenue of $276.80 million for the quarter, compared to the consensus estimate of $253.95 million. Universal Truckload Services’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. Equities analysts expect that Universal Truckload Services will post $1.12 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.