Barrington Research Brokers Lift Earnings Estimates for Universal Technical Institute, Inc. (NYSE:UTI)

Universal Technical Institute, Inc. (NYSE:UTI - Free Report) - Equities research analysts at Barrington Research increased their FY2024 earnings per share (EPS) estimates for shares of Universal Technical Institute in a report issued on Thursday, May 9th. Barrington Research analyst A. Paris now anticipates that the company will earn $0.71 per share for the year, up from their previous forecast of $0.70. Barrington Research currently has a "Outperform" rating and a $20.00 price target on the stock. The consensus estimate for Universal Technical Institute's current full-year earnings is $0.70 per share. Barrington Research also issued estimates for Universal Technical Institute's FY2025 earnings at $0.92 EPS.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.11. The firm had revenue of $174.70 million for the quarter, compared to analyst estimates of $168.19 million. Universal Technical Institute had a net margin of 2.41% and a return on equity of 9.25%.

A number of other research firms have also commented on UTI. StockNews.com raised Universal Technical Institute from a "hold" rating to a "buy" rating in a research note on Friday. TheStreet raised shares of Universal Technical Institute from a "c+" rating to a "b" rating in a research note on Thursday, February 1st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $18.00 price target on shares of Universal Technical Institute in a research report on Monday, April 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.80.

Universal Technical Institute Trading Down 1.1 %

NYSE:UTI traded down $0.17 during trading hours on Friday, hitting $15.02. 695,568 shares of the company were exchanged, compared to its average volume of 451,545. The company has a fifty day simple moving average of $15.06 and a 200 day simple moving average of $13.36. Universal Technical Institute has a one year low of $5.68 and a one year high of $17.09. The stock has a market capitalization of $511.88 million, a price-to-earnings ratio of 57.77, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72.

Insider Activity

In related news, Director Loretta Lydia Sanchez sold 8,719 shares of the business's stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $15.07, for a total value of $131,395.33. Following the completion of the sale, the director now directly owns 20,000 shares of the company's stock, valued at approximately $301,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 27.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Washington University bought a new position in Universal Technical Institute in the 4th quarter valued at about $35,886,000. Tower Research Capital LLC TRC lifted its holdings in shares of Universal Technical Institute by 297.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,186 shares of the company's stock valued at $77,000 after purchasing an additional 4,629 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Universal Technical Institute by 15.0% during the third quarter. First Eagle Investment Management LLC now owns 426,391 shares of the company's stock valued at $3,573,000 after buying an additional 55,608 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in Universal Technical Institute by 2.4% during the third quarter. Kennedy Capital Management LLC now owns 74,516 shares of the company's stock worth $624,000 after buying an additional 1,751 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Universal Technical Institute by 45.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,459 shares of the company's stock valued at $272,000 after buying an additional 10,142 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

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.