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Universal Logistics Q3 operating revenue falls

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Operating Revenue

Slight Beat*

$394 mln

$390.40 mln (1 Analyst)

Q3 EPS

$0.69

*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.)

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