UL Solutions (ULS) to Release Quarterly Earnings on Thursday

UL Solutions (NYSE:ULS) is expected to release its earnings data before the market opens on Thursday, March 6th. Analysts expect UL Solutions to post earnings of $0.38 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. The firm had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $726.54 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. On average, analysts expect UL Solutions to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

UL Solutions Trading Down 1.2 %

UL Solutions stock opened at $53.51 on Thursday. UL Solutions has a 12-month low of $33.15 and a 12-month high of $59.23. The firm has a market capitalization of $10.71 billion and a price-to-earnings ratio of 33.03. The firm has a 50 day moving average of $52.48 and a 200 day moving average of $52.01. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 28th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.97%. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, February 28th. UL Solutions’s dividend payout ratio (DPR) is presently 32.10%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ULS. UBS Group increased their price target on UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Citigroup upped their price target on UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a research note on Tuesday. The Goldman Sachs Group boosted their target price on shares of UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Finally, Wells Fargo & Company lifted their price target on shares of UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.45.

Insider Buying and Selling

In other news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the transaction, the insider now owns 69,191 shares in the company, valued at approximately $3,638,062.78. The trade was a 7.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

About UL Solutions

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.