Trading Report: The Universal Truckload Services, Inc. (ULH) Rating Increased to Hold at Zacks Investment Research

The Universal Truckload Services, Inc. (ULH) Rating Increased to Hold at Zacks Investment Research

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.

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