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Universal Logistics Holdings to Report Third Quarter 2024 Earnings on Thursday, October 24, 2024
Prnewswire· 2024-10-10 20:15
Group 1 - Universal Logistics Holdings, Inc. plans to release its third quarter 2024 financial results after market close on October 24, 2024 [1] - The quarterly earnings conference call is scheduled for October 25, 2024, at 10:00 a.m. Eastern Time [1] - A replay of the conference call will be available until November 1, 2024 [1] Group 2 - Universal Logistics Holdings, Inc. is a holding company with subsidiaries providing customized transportation and logistics solutions in the U.S., Mexico, Canada, and Colombia [2] - The company offers a wide range of supply chain services, including truckload, brokerage, intermodal, dedicated, and value-added services [2]
Does Universal Health's Low P/E Ratio Signal a Suitable Entry Point?
ZACKS· 2024-10-08 19:05
From a valuation perspective, Universal Health Services, Inc.'s (UHS) stock looks attractive. UHS is currently trading at a forward 12-month price/earnings (P/E) of 12.45X, a roughly 18% discount compared with the industry average of 15.12X. It also has a Value Score of A and a market cap of $14.2 billion. Though Universal Health's cheap valuation may present a potentially profitable opportunity for investors seeking value, a more comprehensive analysis is needed to determine if its discounted valuation is ...
Universal Logistics Holdings Acquires Parsec, a Market-Leading Rail Terminal Operator
Prnewswire· 2024-09-30 20:10
Core Viewpoint - Universal Logistics Holdings, Inc. has acquired Parsec, a leading provider of terminal management services for railroads in North America, enhancing its contract logistics segment and expected to boost revenues significantly [1][2]. Company Overview - Universal Logistics Holdings, Inc. operates a variety of customized transportation and logistics solutions across the United States, Mexico, Canada, and Colombia, offering services such as truckload, brokerage, intermodal, and dedicated services [3]. Acquisition Details - The acquisition includes Parsec, Parsec Intermodal of Canada ULC, and OB Leasing, with a cash purchase price of $193.6 million, subject to customary post-closing adjustments [2]. - Parsec reported total operating revenues of $230.2 million for the trailing twelve months ended August 31, 2024, and will operate within Universal's contract logistics segment [1][2]. - The acquisition is expected to increase Universal's contract logistics segment revenues to over $1 billion on an annualized basis [2]. Strategic Importance - The acquisition is seen as a strategic move to build on Parsec's long-standing customer relationships and diversify Universal's service offerings in the rail terminal services space [2]. - Parsec has a skilled workforce of nearly 2,100 employees and provides a comprehensive suite of terminal services at over 20 rail yards in the U.S. and Canada, specializing in time-sensitive container lift services [1].
Universal Health Up 23% in 3 Months: Time to Buy or Miss the Boat?
ZACKS· 2024-09-19 18:16
Universal Health Services, Inc.'s (UHS) shares have gained 23.1% in the past three months compared with the industry's 16.1% growth. It has also outperformed the broader Zacks Medical sector's 4.9% rise and the S&P 500 Index's 2.4% increase in the said time frame. The company has been benefiting on the back of strength in Acute Care Hospital Services and Behavioral Health Care Services segments coupled with a diversified treatment network and solid cash flows. It has a market cap of $15.7 billion. Closing a ...
Universal Pictures and Pixelworks Enter into Multi-year, Multi-Title Agreement for TrueCut Motion Technology
Prnewswire· 2024-09-17 11:00
Pixelworks advanced motion grading technology to be applied to major releases starting with DreamWorks Animation's "The Wild Robot" LOS ANGELES, Sept. 16, 2024 /PRNewswire/ -- Universal Pictures and Pixelworks jointly announced today an agreement to bring the advanced TrueCut Motion technology to multiple Universal titles, starting with DreamWorks Animation's "The Wild Robot" (in theaters from September 27). This and planned future Universal titles will feature Pixelworks' unique motion grading that natural ...
Universal Health Services: Stock Has Lots Of Upside Runway
Seeking Alpha· 2024-09-17 05:18
Thomas Barwick/DigitalVision via Getty Images Universal Health Services (NYSE:UHS) looks positive for the long term, with a low valuation and strong expected future growth (consensus). The global hospital services market is expected to grow at about 6.4% annually to reach over $21 billion by 2032. This should provide a nice tailwind to help drive growth for Universal Health Services. The stock is in a positive uptrend, which should continue if conditions remain favorable for the company. Universal Health Se ...
Universal Technical Institute and Ford Celebrate 25 Years of Ford's Manufacturer Specific Advanced Training (MSAT) Program
Prnewswire· 2024-09-12 20:15
UTI Division President Tracy Lorenz noted, "Our enduring relationship with Ford underscores UTI's ongoing commitment to providing top-tier education and training. By working closely with industry leaders like Ford, UTI ensures that our curriculum is aligned with current technological advancements and industry standards. This partnership allows our students to gain hands-on experience with the latest automotive technologies, directly preparing them for careers in the automotive industry." In 2022, UTI announ ...
Universal Stainless: Aerospace Market Growth Remains Strong
Seeking Alpha· 2024-09-12 12:36
Company Overview - Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) is a US-based manufacturer specializing in stainless steel, nickel alloys, tool steel, and other alloyed steels, with a small portion of its business in conversion services [3] - Revenue breakdown for 2023 shows Specialty Alloys at $213.08 million, Premium Alloys at $68.10 million, and Conversion Services & Others at $4.76 million, compared to $160.35 million, $39.23 million, and $2.54 million in 2022 respectively [3] - The aerospace market is the primary revenue driver, contributing $216.09 million in 2023, a significant increase from $137.49 million in 2022 [3] Recent Performance - The company has seen a 400% increase in share price since December 2023, largely due to strong growth in the aerospace market [2][7] - In Q2 2024, the backlog declined to $297 million from $355 million in Q2 2023, indicating potential future sales challenges [4] - Aerospace accounted for 83% of total revenue in Q2 2024, highlighting the company's heavy reliance on this sector [5] Challenges and Headwinds - A decline in sales in non-aerospace markets has been noted, with energy market sales down 15% quarter-over-quarter and general industrial market sales down 22% [5] - Production bottlenecks in premium alloy production, particularly in the vacuum induction melting (VIM) process, pose challenges, although lead times have improved [5] - Total inventories increased to $149 million from $142.4 million in Q1 2024, raising concerns about cash flow if inventory levels are not reduced [5] Financial Outlook - Despite the challenges, operating income, EBITDA, and net income have shown consistent growth over the past year [7] - Total debt has been decreasing since Q1 2023, while current assets remain stable, indicating a healthy balance sheet [8] - The company is projected to potentially reach a share price of $50, which may act as a resistance level based on historical peaks [8] Conclusion - The strong growth in the aerospace sector is expected to continue, with no clear signs of a slowdown [9] - However, the over-reliance on the aerospace sector and the decline in backlog are critical factors to monitor in future earnings releases [10] - The consistent revenue growth, positive cash flows, and decreasing debt support the increase in share price since December 2023, maintaining a Buy rating for the stock [10]
TFF Pharmaceuticals Announces Positive Preclinical Data from Bivalent Universal Influenza Vaccine Candidates Manufactured by TFF Following Intranasal Immunization
GlobeNewswire News Room· 2024-09-10 11:00
Core Insights - TFF Pharmaceuticals has announced positive preclinical data for a multivalent universal influenza vaccine using its patented Thin Film Freezing technology, showing promise in protecting against seasonal and pandemic influenza viruses [1][2][6] - The vaccine candidates have demonstrated the ability to induce neutralizing antibody titers in ferrets against H1 and H3 influenza strains, indicating high immunogenicity [2][3] - The ongoing studies aim to assess neutralizing antibody titers against a broader panel of influenza A viruses, with the goal of developing a shelf-stable mucosal vaccine that could be self-administered [4][5] Company Overview - TFF Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing innovative drug products through its proprietary Thin Film Freezing technology, which allows for the transformation of drugs into dry powder formulations [7][8] - The company's TFF technology enhances the delivery of therapeutics, improving bioavailability and reducing side effects by allowing for direct delivery to target organs [7] - The potential success of the universal flu vaccine could lead to several billion dollars in annual sales, representing a significant out-licensing opportunity for the company [6]
Here's Why Universal Health Shares are Attracting Investors Now
ZACKS· 2024-09-09 17:50
Core Viewpoint - Universal Health Services, Inc. (UHS) is experiencing growth driven by increasing patient volumes, a broad treatment network, and strong cash reserves, leading to a favorable business outlook for 2024 [1] Financial Performance - UHS has a Zacks Rank of 1 (Strong Buy) and has seen its stock price increase by 75.4% over the past year, outperforming the industry growth of 44.8% [2] - The Zacks Consensus Estimate for UHS's 2024 earnings is $15.91 per share, reflecting a 51% increase from 2023, with revenues expected to reach $15.7 billion, a 9.8% rise from 2023 [3] - For 2025, earnings are estimated at $17.45 per share, a 9.7% increase from 2024, with revenues projected at $16.5 billion, indicating a 5.5% growth [4] - UHS's price-to-earnings (P/E) ratio is 13.5, compared to the hospital industry's forward P/E of 15.77, suggesting the stock is undervalued [5] Growth Drivers - UHS's revenue growth is supported by rising patient volumes, with same-facility adjusted admissions increasing by 3.9% year-over-year in the Acute Care Hospital Services unit [7] - The resumption of deferred elective procedures is expected to further enhance patient volumes and occupancy levels [8] - UHS operates a comprehensive treatment network with 359 inpatient facilities and 48 outpatient facilities across multiple regions, which positions the company to meet rising demand, particularly in behavioral healthcare [9] Operational Strategy - UHS is enhancing operations by launching new services, expanding existing ones, and recruiting skilled physicians, which contributes to improved hospital performance and profitability [10] - The company maintains solid cash reserves and generated $1.1 billion in operating cash flow in the first half of 2024, allowing for investments in growth and consistent dividend payments [11]