Universal Technical Institute (UTI) Scheduled to Post Quarterly Earnings on Wednesday

Universal Technical Institute (NYSE:UTI) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Universal Technical Institute has set its FY24 guidance at $0.67-0.72 EPS and its FY 2024 guidance at 0.670-0.720 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.11. The company had revenue of $174.70 million for the quarter, compared to analyst estimates of $168.19 million. Universal Technical Institute had a net margin of 2.41% and a return on equity of 9.25%. On average, analysts expect Universal Technical Institute to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Universal Technical Institute Trading Up 5.6 %

Shares of Universal Technical Institute stock opened at $16.49 on Tuesday. Universal Technical Institute has a 1 year low of $5.63 and a 1 year high of $16.58. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $561.98 million, a PE ratio of 63.42, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. The firm’s 50 day moving average is $14.98 and its 200 day moving average is $13.21.

Insider Transactions at Universal Technical Institute

In related news, Director Loretta Lydia Sanchez sold 8,719 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $15.07, for a total transaction of $131,395.33. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $301,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 27.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on UTI shares. Northland Securities started coverage on shares of Universal Technical Institute in a report on Wednesday, January 10th. They set an “outperform” rating and a $16.00 target price on the stock. TheStreet raised shares of Universal Technical Institute from a “c+” rating to a “b” rating in a report on Thursday, February 1st. Rosenblatt Securities reissued a “buy” rating and set a $18.00 target price on shares of Universal Technical Institute in a report on Monday, April 29th. Barrington Research reissued an “outperform” rating and set a $18.00 target price on shares of Universal Technical Institute in a report on Tuesday, April 23rd. Finally, StockNews.com downgraded shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.40.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.