UL Solutions Inc. (NYSE:ULS) to Post FY2024 Earnings of $1.54 Per Share, William Blair Forecasts

UL Solutions Inc. (NYSE:ULS - Free Report) - Equities research analysts at William Blair issued their FY2024 EPS estimates for shares of UL Solutions in a research note issued to investors on Tuesday, May 7th. William Blair analyst A. Nicholas forecasts that the company will earn $1.54 per share for the year. William Blair currently has a "Outperform" rating on the stock. William Blair also issued estimates for UL Solutions' FY2025 earnings at $1.59 EPS and FY2026 earnings at $1.70 EPS.

Several other research analysts have also recently commented on the stock. Wells Fargo & Company assumed coverage on shares of UL Solutions in a research report on Tuesday. They issued an "overweight" rating and a $40.00 target price for the company. Citigroup assumed coverage on shares of UL Solutions in a research report on Tuesday. They issued a "buy" rating and a $41.00 target price for the company. UBS Group assumed coverage on shares of UL Solutions in a research report on Tuesday. They issued a "neutral" rating and a $38.00 target price for the company. Robert W. Baird assumed coverage on shares of UL Solutions in a research report on Tuesday. They issued an "outperform" rating and a $40.00 target price for the company. Finally, Stifel Nicolaus started coverage on shares of UL Solutions in a research report on Tuesday. They issued a "buy" rating and a $40.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.30.

UL Solutions Stock Up 2.2 %

Shares of NYSE:ULS traded up $0.80 during trading on Thursday, reaching $36.56. 179,426 shares of the company's stock traded hands, compared to its average volume of 871,575. UL Solutions has a 12 month low of $33.15 and a 12 month high of $36.92.

Insider Activity at UL Solutions

In other UL Solutions news, CEO Jennifer F. Scanlon bought 89,285 shares of the business's stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, with a total value of $2,499,980.00. Following the completion of the purchase, the chief executive officer now directly owns 89,285 shares in the company, valued at $2,499,980. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director James M. Shannon purchased 7,142 shares of UL Solutions stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average price of $28.00 per share, for a total transaction of $199,976.00. Following the transaction, the director now owns 7,142 shares in the company, valued at $199,976. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer F. Scanlon purchased 89,285 shares of UL Solutions stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average price of $28.00 per share, with a total value of $2,499,980.00. Following the transaction, the chief executive officer now owns 89,285 shares in the company, valued at approximately $2,499,980. The disclosure for this purchase can be found here. Insiders acquired a total of 199,997 shares of company stock valued at $5,599,916 over the last ninety days.

UL Solutions Company Profile

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.