Universal Truckload Services Inc. Declares Quarterly Dividend of $0.07 (UACL)
Universal Truckload Services (NASDAQ:UACL) announced a quarterly dividend on Friday, October 25th, Analyst RN reports. Shareholders of record on Monday, November 4th will be paid a dividend of $0.07 per share on Thursday, November 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, October 31st.
A number of analysts have recently weighed in on UACL shares. Analysts at Zacks downgraded shares of Universal Truckload Services from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $30.10 price target on the stock. On a related note, analysts at Citigroup Inc. initiated coverage on shares of Universal Truckload Services in a research note to investors on Thursday, September 5th. They set a “buy” rating on the stock. Finally, analysts at Wolfe Research upgraded shares of Universal Truckload Services from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, August 19th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.05.
Shares of Universal Truckload Services (NASDAQ:UACL) traded down 2.98% during mid-day trading on Friday, hitting $27.97. The stock had a trading volume of 70,298 shares. Universal Truckload Services has a one year low of $14.12 and a one year high of $29.99. The stock’s 50-day moving average is $26.67 and its 200-day moving average is $24.44. The company has a market cap of $840.6 million and a price-to-earnings ratio of 16.96.
Universal Truckload Services (NASDAQ:UACL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.01. During the same quarter last year, the company posted $0.36 earnings per share.
Universal Truckload Services, Inc is engaged in providing transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec.
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