What Happened?
Shares of transportation and logistics solutions provider Universal Logistics (NASDAQ:ULH) jumped 9.1% in the afternoon session after the company reported second-quarter financial results that, while missing analyst estimates, were in line with its prior guidance.
The logistics provider posted total operating revenues of $393.8 million, a 15% decrease from the prior year, and adjusted earnings per share of $0.32, a 73% drop. Both metrics fell short of analyst forecasts. However, Universal's CEO commented that the results "were broadly in-line with our previously guided expectations." The stock had declined 39% over the past six months, suggesting that investors may have already priced in the weak performance. The announcement of a quarterly cash dividend of $0.105 per share may have also provided some support for the shares.
Is now the time to buy Universal Logistics? Access our full analysis report here, it’s free.
What Is The Market Telling Us
Universal Logistics’s shares are quite volatile and have had 18 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 9 months ago when the stock dropped 12.4% on the news that the company reported weak third-quarter earnings results, with its revenue falling short of Wall Street's estimates, sending shares lower. Overall, this quarter could have been better.
Universal Logistics is down 31.9% since the beginning of the year, and at $29.78 per share, it is trading 43% below its 52-week high of $52.28 from November 2024. Investors who bought $1,000 worth of Universal Logistics’s shares 5 years ago would now be looking at an investment worth $1,667.
Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.