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

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 paid 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 is Monday, March 3rd.

Universal Logistics has a payout ratio of 7.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 19.6 %

ULH stock opened at $34.53 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $908.83 million, a PE ratio of 6.99 and a beta of 0.90. Universal Logistics has a 12 month low of $30.26 and a 12 month high of $53.29. The firm has a 50 day simple moving average of $45.78 and a 200 day simple moving average of $44.31.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. During the same period last year, the company posted $0.81 EPS. Equities research analysts forecast that Universal Logistics will post 4.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Stifel Nicolaus lifted their price target on Universal Logistics from $42.00 to $44.00 and gave the stock a “hold” rating in a research note 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.