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

Universal Technical Institute (NYSE:UTI) is scheduled to issue 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 are interested in participating in the company’s conference call can do so using this link.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.11. The company had revenue of $174.70 million for the quarter, compared to analysts’ expectations 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 Stock Up 1.3 %

Shares of NYSE:UTI opened at $15.61 on Monday. The firm has a market cap of $531.99 million, a P/E ratio of 60.04, a P/E/G ratio of 1.48 and a beta of 1.22. Universal Technical Institute has a 12-month low of $5.63 and a 12-month high of $16.37. The business has a fifty day simple moving average of $14.96 and a 200 day simple moving average of $13.12. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.

Insider Buying and Selling

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 8,719 shares of Universal Technical Institute stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $15.07, for a total value of $131,395.33. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $301,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 27.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Northland Securities assumed coverage on Universal Technical Institute in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $16.00 price objective on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Universal Technical Institute in a research note on Tuesday, April 23rd. Rosenblatt Securities reissued a “buy” rating and set a $18.00 target price on shares of Universal Technical Institute in a research note on Monday, April 29th. StockNews.com cut shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, TheStreet raised Universal Technical Institute from a “c+” rating to a “b” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Universal Technical Institute presently 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.