Universal Logistics Holdings, Inc. Declares Quarterly Dividend of $0.11 (NASDAQ:ULH)

Universal Logistics Holdings, Inc. (NASDAQ:ULH) announced a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Monday, September 2nd will be given a dividend of 0.105 per share by the transportation company on Tuesday, October 1st. This represents a $0.42 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, August 30th.

Universal Logistics has increased its dividend by an average of 26.0% per year over the last three years. Universal Logistics has a payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Logistics to earn $5.10 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 8.2%.

Universal Logistics Trading Down 4.4 %

ULH opened at $43.08 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average price of $42.05 and a two-hundred day moving average price of $37.61. The company has a market cap of $1.13 billion, a P/E ratio of 9.41 and a beta of 0.82. Universal Logistics has a 1-year low of $20.85 and a 1-year high of $50.52.

Universal Logistics (NASDAQ:ULH) last posted its earnings results on Thursday, April 25th. The transportation company reported $1.99 EPS for the quarter, topping the consensus estimate of $0.73 by $1.26. The company had revenue of $491.91 million during the quarter, compared to the consensus estimate of $416.50 million. Universal Logistics had a net margin of 7.23% and a return on equity of 23.55%. Analysts predict that Universal Logistics will post 5.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Stifel Nicolaus reissued a “hold” rating and set a $46.00 target price (up from $36.00) on shares of Universal Logistics in a research report on Monday, April 29th. StockNews.com raised shares of Universal Logistics from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

Universal Logistics Company Profile

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.