Universal Technical Institute (UTI) Set to Announce Earnings on Wednesday

Universal Technical Institute (NYSE:UTI - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Universal Technical Institute to post earnings of $0.15 per share for the quarter. Universal Technical Institute has set its FY24 guidance at $0.67-0.72 EPS and its FY 2024 guidance at 0.670-0.720 EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.06 by $0.11. The business had revenue of $174.70 million during the quarter, compared to analysts' expectations of $168.19 million. Universal Technical Institute had a return on equity of 9.25% and a net margin of 2.41%. On average, analysts expect Universal Technical Institute to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Universal Technical Institute Stock Up 0.5 %

Shares of NYSE UTI traded up $0.07 during trading hours on Wednesday, hitting $15.29. The stock had a trading volume of 363,256 shares, compared to its average volume of 596,653. The company has a market capitalization of $521.08 million, a P/E ratio of 58.31, a P/E/G ratio of 1.47 and a beta of 1.20. The firm's 50-day moving average price is $14.92 and its two-hundred day moving average price is $13.00. Universal Technical Institute has a 52 week low of $5.63 and a 52 week high of $16.37. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Buying and Selling

In other news, Director Loretta Lydia Sanchez sold 8,719 shares of the company's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $15.07, for a total transaction of $131,395.33. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $301,400. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 27.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on UTI. Barrington Research reissued an "outperform" rating and issued a $18.00 price target on shares of Universal Technical Institute in a research note on Tuesday, April 23rd. Rosenblatt Securities reissued a "buy" rating and issued a $18.00 price target on shares of Universal Technical Institute in a research note on Monday. TheStreet upgraded Universal Technical Institute from a "c+" rating to a "b" rating in a report on Thursday, February 1st. Northland Securities began coverage on Universal Technical Institute in a report on Wednesday, January 10th. They issued an "outperform" rating and a $16.00 target price for the company. Finally, StockNews.com lowered Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Universal Technical Institute presently has an average rating of "Moderate Buy" and an average target price of $15.40.

About Universal Technical Institute

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.