Universal Truckload Services, Inc. (ULH) Updates Q3 Earnings Guidance
Universal Truckload Services, Inc. (NYSE:ULH) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.16-0.20 for the period, compared to the Thomson Reuters consensus estimate of $0.29. The company issued revenue guidance of $260-270 million, compared to the consensus revenue estimate of $270.34 million.
Shares of Universal Truckload Services, Inc. (NYSE:ULH) traded down 9.30% during mid-day trading on Wednesday, hitting $11.99. The stock had a trading volume of 18,764 shares. The stock has a 50 day moving average price of $13.44 and a 200-day moving average price of $14.27. The company has a market cap of $340.68 million and a PE ratio of 9.76. Universal Truckload Services, Inc. has a 52-week low of $11.09 and a 52-week high of $18.31.
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 the Zacks’ consensus estimate of $0.33 by $0.01. The firm earned $276.80 million during the quarter, compared to analyst estimates of $253.95 million. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. On average, equities analysts expect that Universal Truckload Services, Inc. will post $1.21 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Stifel Nicolaus cut their target price on Universal Truckload Services from $19.00 to $17.00 and set a buy rating for the company in a research report on Wednesday. Zacks Investment Research raised Universal Truckload Services from a sell rating to a hold rating in a report on Tuesday.
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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