Universal Truckload Services, Inc. (NYSE:ULH) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.16-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.29. The company issued revenue guidance of $260-270 million, compared to the consensus revenue estimate of $270.34 million.
Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a buy rating and issued a $17.00 target price (down previously from $19.00) on shares of Universal Truckload Services in a research report on Wednesday. Zacks Investment Research raised shares of Universal Truckload Services from a sell rating to a hold rating in a research report on Tuesday.
Shares of Universal Truckload Services, Inc. (NYSE:ULH) opened at 12.18 on Friday. The company has a market cap of $346.08 million and a P/E ratio of 9.92. Universal Truckload Services, Inc. has a 52-week low of $11.09 and a 52-week high of $18.31. The firm has a 50-day moving average of $13.36 and a 200-day moving average of $14.24.
Universal Truckload Services (NYSE:ULH) last posted its quarterly 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 business had revenue of $276.80 million for the quarter, compared to analyst estimates of $253.95 million. The company’s revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. Equities research analysts forecast that Universal Truckload Services, Inc. will post $1.12 earnings per share 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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