Universal Technical Institute (NYSE:UTI) Issues FY 2024 Earnings Guidance

Universal Technical Institute (NYSE:UTI) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.680-0.730 for the period, compared to the consensus estimate of 0.700. The company issued revenue guidance of $720.0 million-$730.0 million, compared to the consensus revenue estimate of $724.6 million. Universal Technical Institute also updated its FY 2025 guidance to EPS.

Universal Technical Institute Stock Up 1.5 %

Shares of NYSE:UTI traded up $0.25 during midday trading on Thursday, hitting $17.17. 966,755 shares of the company’s stock traded hands, compared to its average volume of 609,960. The firm’s fifty day moving average price is $16.32 and its two-hundred day moving average price is $15.48. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.02. Universal Technical Institute has a twelve month low of $7.70 and a twelve month high of $19.79. The company has a market cap of $923.75 million, a PE ratio of 47.70, a P/E/G ratio of 1.64 and a beta of 1.26.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Universal Technical Institute had a return on equity of 13.19% and a net margin of 3.82%. The company had revenue of $177.46 million for the quarter, compared to analysts’ expectations of $172.33 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. On average, equities research analysts anticipate that Universal Technical Institute will post 0.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on UTI. Truist Financial initiated coverage on shares of Universal Technical Institute in a research note on Thursday, July 25th. They set a buy rating and a $22.00 price objective on the stock. Rosenblatt Securities reaffirmed a buy rating and set a $22.00 price target on shares of Universal Technical Institute in a research note on Wednesday. Northland Securities boosted their price objective on shares of Universal Technical Institute from $18.00 to $20.00 and gave the stock an outperform rating in a report on Wednesday. Barrington Research restated an outperform rating and set a $22.00 target price on shares of Universal Technical Institute in a research note on Wednesday. Finally, B. Riley reiterated a buy rating and issued a $22.00 price target (up previously from $20.00) on shares of Universal Technical Institute in a research note on Thursday, May 30th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Universal Technical Institute has an average rating of Buy and an average price target of $19.83.

Insider Buying and Selling

In related news, Director Loretta Lydia Sanchez sold 6,288 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $15.22, for a total transaction of $95,703.36. Following the sale, the director now directly owns 13,712 shares of the company’s stock, valued at approximately $208,696.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 27.60% of the company’s stock.

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.