Universal Technical Institute, Inc. (NYSE:UTI) Expected to Post FY2024 Earnings of $0.70 Per Share

Universal Technical Institute, Inc. (NYSE:UTIFree Report) – Stock analysts at Barrington Research upped their FY2024 earnings per share estimates for shares of Universal Technical Institute in a note issued to investors on Thursday, February 8th. Barrington Research analyst A. Paris now expects that the company will post earnings per share of $0.70 for the year, up from their prior estimate of $0.67. Barrington Research currently has a “Outperform” rating and a $18.00 price target on the stock. The consensus estimate for Universal Technical Institute’s current full-year earnings is $0.62 per share. Barrington Research also issued estimates for Universal Technical Institute’s Q4 2024 earnings at $0.29 EPS and FY2025 earnings at $0.85 EPS.

Universal Technical Institute (NYSE:UTIGet Free Report) last announced its quarterly earnings data on Wednesday, November 15th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The firm had revenue of $170.30 million for the quarter, compared to analysts’ expectations of $166.50 million. Universal Technical Institute had a net margin of 2.41% and a return on equity of 10.23%.

Other equities research analysts have also issued reports about the company. Rosenblatt Securities lifted their price objective on Universal Technical Institute from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. TheStreet upgraded Universal Technical Institute from a “c+” rating to a “b” rating in a research report on Thursday, February 1st. Northland Securities assumed coverage on Universal Technical Institute in a research report on Wednesday, January 10th. They set an “outperform” rating and a $16.00 price target on the stock. B. Riley lifted their price target on Universal Technical Institute from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, StockNews.com lowered Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Universal Technical Institute currently has an average rating of “Moderate Buy” and a consensus price target of $15.20.

View Our Latest Stock Analysis on Universal Technical Institute

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock opened at $16.20 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.11. The business’s 50 day simple moving average is $12.94 and its two-hundred day simple moving average is $10.17. The stock has a market capitalization of $552.10 million, a P/E ratio of 62.31, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. Universal Technical Institute has a one year low of $5.63 and a one year high of $16.32.

Institutional Trading of Universal Technical Institute

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in Universal Technical Institute by 1,152.0% during the fourth quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after acquiring an additional 2,880 shares during the last quarter. UBS Group AG increased its position in Universal Technical Institute by 6,316.0% during the fourth quarter. UBS Group AG now owns 6,416 shares of the company’s stock valued at $43,000 after acquiring an additional 6,316 shares during the last quarter. Legal & General Group Plc purchased a new stake in Universal Technical Institute during the second quarter valued at $44,000. Lazard Asset Management LLC purchased a new stake in Universal Technical Institute during the first quarter valued at $47,000. Finally, Tower Research Capital LLC TRC increased its position in Universal Technical Institute by 204.5% during the first quarter. Tower Research Capital LLC TRC now owns 6,653 shares of the company’s stock valued at $49,000 after acquiring an additional 4,468 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Troy R. Anderson sold 7,173 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $10.94, for a total value of $78,472.62. Following the completion of the transaction, the chief financial officer now owns 87,442 shares in the company, valued at $956,615.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 27.60% of the company’s stock.

About Universal Technical Institute

(Get Free Report)

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.

Recommended Stories

Earnings History and Estimates for Universal Technical Institute (NYSE:UTI)

Receive News & Ratings for Universal Technical Institute Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Technical Institute and related companies with MarketBeat.com's FREE daily email newsletter.