Universal Logistics Q3 operating revenue falls

Overview

• US transportation and logistics firm's Q3 operating revenue was $394 mln, down yr/yr

• Company reported Q3 diluted EPS of $0.69, reversing a loss last year

• Company declared quarterly dividend of $0.105 per share

Outlook

• Company says it remains focused on further debt reduction while supporting operations and strategic priorities

Result Drivers

• CONTRACT LOGISTICS - Co said segment growth was driven by new and expanded value-added programs and dedicated transportation, partly offset by fewer rail service programs

• INTERMODAL TURNAROUND - Co said improved operating performance in intermodal segment led to positive income from operations

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The one available analyst rating on the shares is "hold"

• The average consensus recommendation for the ground freight & logistics peer group is "buy."

• Wall Street's median 12-month price target for Universal Logistics Holdings, Inc. (Nevada) is $16.00, about 6.1% below its October 28 closing price of $17.04

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads

• Oct 27 - Logistics firm Landstar System's Q3 revenue rises 25%, beats estimates

• Oct 29 - Saia Inc Q3 revenue rises 17%, beats analyst estimates

• Oct 28 - FedEx margins decline as it pays more to hire truckers, shares fall

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)