Universal Truckload Services, Inc. (NYSE:ULH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Universal Truckload is a primarily non-asset based provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. Their over-the-road trucking services include both flatbed and dry van operations and they provide rail-truck and steamship-truck intermodal support services. They also offer truck brokerage services, which allow them to supplement their capacity and provide their customers with transportation of freight not handled by their owner-operators. “

Universal Truckload Services (NYSE:ULH) traded up 0.33% during mid-day trading on Tuesday, reaching $12.22. 10,697 shares of the company traded hands. The firm has a market capitalization of $347.22 million and a price-to-earnings ratio of 9.95. The stock’s 50 day moving average price is $13.31 and its 200 day moving average price is $14.20. Universal Truckload Services has a 52 week low of $11.09 and a 52 week high of $18.31.

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Universal Truckload Services (NYSE:ULH) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $276.80 million for the quarter, compared to the consensus estimate of $253.95 million. During the same period in the prior year, the company earned $0.44 EPS. The firm’s revenue was down 6.2% compared to the same quarter last year. Equities analysts forecast that Universal Truckload Services will post $1.12 EPS 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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