Universal Truckload Services, Inc. (NYSE:ULH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

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. “

Shares of Universal Truckload Services (NYSE:ULH) traded up 0.268% during midday trading on Wednesday, hitting $13.115. The company had a trading volume of 473 shares. The company’s 50 day moving average is $13.55 and its 200 day moving average is $14.42. Universal Truckload Services has a one year low of $11.12 and a one year high of $18.31. The firm has a market cap of $372.65 million and a price-to-earnings ratio of 10.680.

Universal Truckload Services (NYSE:ULH) last announced its earnings results on Thursday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The firm earned $276.80 million during the quarter, compared to the consensus estimate of $253.95 million. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 earnings per share. Equities analysts forecast that Universal Truckload Services will post $1.21 earnings per share for the current fiscal year.

Universal Truckload Services Company Profile

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.

5 Day Chart for NYSE:ULH

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