FY2024 Earnings Estimate for UL Solutions Inc. Issued By William Blair (NYSE:ULS)

UL Solutions Inc. (NYSE:ULS) – Equities research analysts at William Blair reduced their FY2024 earnings per share estimates for shares of UL Solutions in a report issued on Monday, May 20th. William Blair analyst A. Nicholas now forecasts that the company will post earnings of $1.49 per share for the year, down from their previous estimate of $1.54. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for UL Solutions’ current full-year earnings is $1.51 per share. William Blair also issued estimates for UL Solutions’ FY2025 earnings at $1.55 EPS and FY2026 earnings at $1.66 EPS.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus initiated coverage on UL Solutions in a research note on Tuesday, May 7th. They issued a “buy” rating and a $40.00 target price on the stock. Wells Fargo & Company boosted their target price on UL Solutions from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday. Robert W. Baird boosted their target price on UL Solutions from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday. Baird R W upgraded UL Solutions to a “strong-buy” rating in a research note on Tuesday, May 7th. Finally, Citigroup initiated coverage on UL Solutions in a research note on Tuesday, May 7th. They issued a “buy” rating and a $41.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.80.

UL Solutions Trading Up 1.4 %

Shares of ULS opened at $40.62 on Wednesday. UL Solutions has a 52-week low of $33.15 and a 52-week high of $41.22.

Insider Activity at UL Solutions

In other UL Solutions news, insider Weifang Zhou purchased 26,786 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average price of $28.00 per share, for a total transaction of $750,008.00. Following the purchase, the insider now owns 26,786 shares in the company, valued at $750,008. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Linda S. Chapin acquired 1,785 shares of the stock in a transaction on Tuesday, April 16th. The shares were purchased at an average price of $28.00 per share, for a total transaction of $49,980.00. Following the transaction, the executive vice president now directly owns 1,785 shares of the company’s stock, valued at $49,980. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Weifang Zhou acquired 26,786 shares of the stock in a transaction on Tuesday, April 16th. The shares were purchased at an average price of $28.00 per share, for a total transaction of $750,008.00. Following the transaction, the insider now directly owns 26,786 shares in the company, valued at $750,008. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 199,997 shares of company stock worth $5,599,916.

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.