Universal Technical Institute (UTI) Set to Announce Quarterly Earnings on Tuesday

Universal Technical Institute (NYSE:UTI) will be issuing its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Universal Technical Institute has set its FY 2024 guidance at 0.680-0.730 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Universal Technical Institute had a return on equity of 10.55% and a net margin of 2.97%. The firm had revenue of $184.18 million for the quarter, compared to analysts’ expectations of $177.01 million. 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 Down 2.7 %

Shares of UTI opened at $17.84 on Monday. The company’s fifty day simple moving average is $16.22 and its 200-day simple moving average is $15.41. The company has a market cap of $959.79 million, a P/E ratio of 49.56, a P/E/G ratio of 1.68 and a beta of 1.26. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. Universal Technical Institute has a twelve month low of $7.13 and a twelve month high of $19.79.

Insider Activity at Universal Technical Institute

In related news, Director Loretta Lydia Sanchez sold 6,288 shares of Universal Technical Institute stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $15.22, for a total transaction of $95,703.36. Following the completion of the sale, the director now owns 13,712 shares in the company, valued at approximately $208,696.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 27.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UTI. Truist Financial initiated coverage on shares of Universal Technical Institute in a research report on Thursday, July 25th. They issued a “buy” rating and a $22.00 price objective on the stock. B. Riley reissued a “buy” rating and set a $22.00 price target (up from $20.00) on shares of Universal Technical Institute in a research note on Thursday, May 30th. Barrington Research increased their target price on Universal Technical Institute from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. StockNews.com downgraded Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Northland Securities restated an “outperform” rating and issued a $18.00 price target on shares of Universal Technical Institute in a report on Friday, July 12th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.50.

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.