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

Universal Logistics Holdings, Inc. (NASDAQ:ULH) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Investors 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 dividend on an annualized basis and a yield of 0.98%.

Universal Logistics has a payout ratio of 7.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Logistics to earn $4.64 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 9.1%.

Universal Logistics Stock Performance

Shares of NASDAQ ULH traded down $0.68 during midday trading on Thursday, reaching $42.95. 32,160 shares of the company were exchanged, compared to its average volume of 42,398. The stock has a market cap of $1.13 billion, a P/E ratio of 8.62 and a beta of 0.90. Universal Logistics has a 1 year low of $30.24 and a 1 year high of $53.29. The stock has a fifty day simple moving average of $45.94 and a 200 day simple moving average of $44.32. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75.

Universal Logistics (NASDAQ:ULH) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.16). Universal Logistics had a net margin of 7.40% and a return on equity of 22.26%. On average, research analysts forecast that Universal Logistics will post 5.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.