UL Solutions Inc. (NYSE:ULS) Announces Quarterly Dividend of $0.14

Key Points

• UL Solutions declared a quarterly dividend of $0.145 per share, equivalent to $0.58 annualized and a 0.7% yield. Shareholders of record November 30 will be paid December 10.
• For its latest quarter, the company reported EPS of $0.62, matching estimates, and revenue of $823 million, above forecasts and up 5.1% year over year.
• Analysts give the stock a consensus “Moderate Buy” rating, with an average price target of $95.84.

UL Solutions Inc. (NYSE:ULS - Get Free Report) announced a quarterly dividend on Wednesday, November 11th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.1450 per share on Thursday, December 10th. This represents a $0.58 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 30th.

UL Solutions Stock Performance

Shares of NYSE:ULS traded up $0.05 on Wednesday, hitting $81.61. 464,817 shares of the company were exchanged, compared to its average volume of 938,245. UL Solutions has a 1-year low of $63.17 and a 1-year high of $107.54. The stock's 50 day moving average price is $71.29 and its 200 day moving average price is $82.62. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $16.48 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 3.33 and a beta of 0.62.

UL Solutions (NYSE:ULS - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. UL Solutions had a return on equity of 26.65% and a net margin of 16.07%. The firm had revenue of $823.00 million for the quarter, compared to analyst estimates of $815.72 million. During the same period last year, the company earned $0.56 earnings per share. UL Solutions's revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts predict that UL Solutions will post 2.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ULS shares. William Blair reiterated an "outperform" rating on shares of UL Solutions in a research note on Monday, September 21st. Wall Street Zen lowered UL Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Robert W. Baird decreased their price objective on UL Solutions from $95.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday, September 24th. The Goldman Sachs Group set a $86.00 price objective on UL Solutions in a research report on Wednesday, August 5th. Finally, Citigroup cut their target price on shares of UL Solutions from $82.80 to $81.40 and set a "neutral" rating on the stock in a research note on Wednesday, November 4th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, UL Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.84.

UL Solutions Company Profile

UL Solutions Inc. provides testing, inspection, certification, software and advisory services focused on product safety, performance and sustainability. Its work helps companies assess products and processes against technical standards and regulatory requirements. The company serves manufacturers and other organizations across industries and geographies. Its services include product testing and certification, cybersecurity and supply-chain assessments, and software and consulting tools for managing compliance and sustainability efforts.

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