Universal Technical Institute (NYSE:UTI – Get Free Report) 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 – Get Free Report) 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
Check Out Our Latest Stock Analysis on Universal Technical Institute
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.
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