Q2 2024 EPS Estimates for Universal Technical Institute, Inc. (NYSE:UTI) Increased by Analyst

Universal Technical Institute, Inc. (NYSE:UTIFree Report) – Equities research analysts at B. Riley boosted their Q2 2024 earnings per share (EPS) estimates for shares of Universal Technical Institute in a note issued to investors on Wednesday, February 7th. B. Riley analyst R. Sharma now expects that the company will earn $0.19 per share for the quarter, up from their previous forecast of $0.08. B. Riley has a “Buy” rating and a $14.00 price objective on the stock. The consensus estimate for Universal Technical Institute’s current full-year earnings is $0.70 per share. B. Riley also issued estimates for Universal Technical Institute’s FY2024 earnings at $0.72 EPS.

Universal Technical Institute (NYSE:UTIGet Free Report) last posted its quarterly earnings results on Wednesday, November 15th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $170.30 million during the quarter, compared to analyst estimates of $166.50 million. Universal Technical Institute had a net margin of 2.41% and a return on equity of 9.25%.

Several other equities analysts have also recently commented on the company. StockNews.com cut Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Northland Securities started 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. Barrington Research increased their target price on Universal Technical Institute from $15.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. TheStreet raised Universal Technical Institute from a “c+” rating to a “b” rating in a report on Thursday, February 1st. Finally, Rosenblatt Securities increased their target price on Universal Technical Institute from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.20.

View Our Latest Research Report on Universal Technical Institute

Universal Technical Institute Trading Up 0.9 %

Universal Technical Institute stock opened at $15.94 on Monday. The business has a 50 day moving average price of $13.09 and a two-hundred day moving average price of $10.33. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The stock has a market cap of $543.24 million, a price-to-earnings ratio of 61.31, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. Universal Technical Institute has a 12 month low of $5.63 and a 12 month high of $16.37.

Insider Activity at Universal Technical Institute

In related news, CFO Troy R. Anderson sold 7,173 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $10.94, for a total transaction of $78,472.62. Following the completion of the sale, the chief financial officer now directly owns 87,442 shares of the company’s stock, valued at approximately $956,615.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in shares of Universal Technical Institute by 1,152.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after buying an additional 2,880 shares during the period. UBS Group AG increased its stake in shares of Universal Technical Institute by 6,316.0% in the 4th quarter. UBS Group AG now owns 6,416 shares of the company’s stock valued at $43,000 after buying an additional 6,316 shares during the period. Legal & General Group Plc acquired a new stake in shares of Universal Technical Institute in the 2nd quarter valued at $44,000. Lazard Asset Management LLC acquired a new stake in shares of Universal Technical Institute in the 1st quarter valued at $47,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of 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 worth $49,000 after purchasing an additional 4,468 shares during the period. 75.67% of the stock is owned by institutional investors and hedge funds.

About Universal Technical Institute

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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.

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

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