Q3 2024 EPS Estimates for Universal Technical Institute, Inc. Decreased by Barrington Research (NYSE:UTI)

Universal Technical Institute, Inc. (NYSE:UTIFree Report) – Research analysts at Barrington Research reduced their Q3 2024 EPS estimates for shares of Universal Technical Institute in a report issued on Thursday, February 8th. Barrington Research analyst A. Paris now forecasts that the company will post earnings of $0.10 per share for the quarter, down from their previous estimate of $0.16. Barrington Research 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 $0.70 per share.

UTI has been the topic of several other research reports. TheStreet raised shares of Universal Technical Institute from a “c+” rating to a “b” rating in a research report on Thursday, February 1st. Rosenblatt Securities increased their price target on shares of Universal Technical Institute from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. B. Riley increased their price target on shares of Universal Technical Institute from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. StockNews.com lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, Northland Securities initiated coverage on shares of Universal Technical Institute in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $16.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.20.

View Our Latest Stock Analysis on UTI

Universal Technical Institute Trading Up 0.9 %

NYSE UTI opened at $15.94 on Monday. The firm’s 50-day moving average is $13.09 and its two-hundred day moving average is $10.33. Universal Technical Institute has a 12 month low of $5.63 and a 12 month high of $16.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $543.24 million, a P/E ratio of 61.31, a PEG ratio of 1.50 and a beta of 1.20.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Universal Technical Institute had a net margin of 2.41% and a return on equity of 9.25%. The firm had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $166.50 million.

Institutional Trading of Universal Technical Institute

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new stake in Universal Technical Institute during the 2nd quarter worth about $165,000. First Eagle Investment Management LLC grew its holdings in Universal Technical Institute by 15.0% in the 3rd 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 period. Victory Capital Management Inc. grew its holdings in Universal Technical Institute by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 277,720 shares of the company’s stock valued at $2,327,000 after buying an additional 4,503 shares during the period. SG Americas Securities LLC purchased a new stake in Universal Technical Institute in the 3rd quarter valued at about $104,000. Finally, Coliseum Capital Management LLC grew its holdings in Universal Technical Institute by 49.5% in the 2nd quarter. Coliseum Capital Management LLC now owns 928,961 shares of the company’s stock valued at $6,419,000 after buying an additional 307,650 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Insider Buying and Selling at Universal Technical Institute

In other news, CFO Troy R. Anderson sold 7,173 shares of Universal Technical Institute 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 transaction, the chief financial officer now owns 87,442 shares of the company’s stock, valued at approximately $956,615.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 27.60% of the stock is owned by corporate insiders.

Universal Technical Institute Company Profile

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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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