Universal Logistics Holdings, Inc. (ULH) To Go Ex-Dividend on March 3rd

Universal Logistics Holdings, Inc. (NASDAQ:ULH) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.105 per share by the transportation company on Tuesday, April 1st. This represents a $0.42 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, March 3rd.

Universal Logistics has a dividend payout ratio of 7.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Universal Logistics to earn $5.50 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 7.6%.

Universal Logistics Stock Performance

ULH opened at $34.53 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $45.78 and its 200-day moving average is $44.31. The stock has a market cap of $908.83 million, a PE ratio of 6.99 and a beta of 0.90. Universal Logistics has a twelve month low of $30.26 and a twelve month high of $53.29.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.16). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. During the same period in the prior year, the firm posted $0.81 earnings per share. On average, analysts predict that Universal Logistics will post 4.64 earnings per share for the current year.

Analysts Set New Price Targets

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

About Universal Logistics

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.