Universal Technical Institute, Inc. provides transportation and technical training programs in the United States. The company provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians. It also offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute. In addition, the company provides manufacturer specific advanced training programs, including student paid electives at its campuses; and manufacturer or dealer sponsored training at various campuses and dedicated training centers, as well as offers programs for welding and computer numeric control machining. As of September 30, 2021, it operated 12 campuses. Universal Technical Institute, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.
Universal Technical Institute Price Performance
Shares of UTI Stock opened at $6.92 on Friday. Universal Technical Institute has a twelve month low of $6.43 and a twelve month high of $11.45. The stock has a market capitalization of $228.64 million, a price-to-earnings ratio of 12.58, a P/E/G ratio of 0.74 and a beta of 0.65. The stock has a fifty day simple moving average of $7.87 and a two-hundred day simple moving average of $8.44. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.
Universal Technical Institute (NYSE:UTI - Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.13. The firm had revenue of $102.09 million during the quarter, compared to analysts' expectations of $97.20 million. Universal Technical Institute had a return on equity of 31.52% and a net margin of 8.64%. On average, analysts predict that Universal Technical Institute will post 0.62 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. StockNews.com upgraded Universal Technical Institute from a "hold" rating to a "buy" rating in a research report on Thursday. Rosenblatt Securities lowered their price target on Universal Technical Institute from $11.00 to $10.00 and set a "buy" rating for the company in a report on Thursday. B. Riley raised their price objective on Universal Technical Institute from $11.00 to $14.00 in a report on Wednesday, April 20th. Barrington Research upped their target price on Universal Technical Institute from $10.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, May 5th. Finally, Argus upgraded Universal Technical Institute from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a report on Tuesday, June 28th. They noted that the move was a valuation call. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $11.80.
Insider Buying and Selling
In related news, CEO Jerome Alan Grant sold 20,000 shares of the company's stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $9.08, for a total transaction of $181,600.00. Following the completion of the sale, the chief executive officer now directly owns 87,152 shares in the company, valued at approximately $791,340.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by company insiders.