Q3 2016 Earnings Estimate for Universal Truckload Services, Inc. Issued By KeyCorp (ULH)
Universal Truckload Services, Inc. (NYSE:ULH) – Research analysts at KeyCorp decreased their Q3 2016 earnings estimates for shares of Universal Truckload Services in a research report issued on Thursday. KeyCorp analyst T. Fowler now anticipates that the brokerage will earn $0.18 per share for the quarter, down from their previous forecast of $0.28.
Universal Truckload Services (NYSE:ULH) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. The firm earned $276.80 million during the quarter, compared to analyst estimates of $253.95 million. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS.
Several other equities analysts have also commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $17.00 target price (down from $19.00) on shares of Universal Truckload Services in a research note on Wednesday, October 5th. Zacks Investment Research upgraded Universal Truckload Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th.
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Universal Truckload Services (NYSE:ULH) opened at 12.22 on Monday. Universal Truckload Services has a 52 week low of $11.09 and a 52 week high of $18.31. The stock has a market cap of $347.22 million and a PE ratio of 9.95. The stock has a 50 day moving average price of $13.31 and a 200 day moving average price of $14.20.
Universal Truckload Services Company Profile
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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