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

Universal Technical Institute (NYSE:UTI – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 4th. Analysts expect Universal Technical Institute to post earnings of ($0.01) per share for the quarter. Universal Technical Institute has set its Q1 guidance at $0.25 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Universal Technical Institute (NYSE:UTI – Get Rating) last announced its quarterly earnings data on Thursday, February 3rd. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.26. Universal Technical Institute had a return on equity of 27.11% and a net margin of 7.78%. The company had revenue of $105.08 million during the quarter, compared to analyst estimates of $96.50 million. On average, analysts expect Universal Technical Institute to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE UTI opened at $9.93 on Wednesday. Universal Technical Institute has a 52 week low of $5.34 and a 52 week high of $11.11. The business has a 50-day moving average of $8.91. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company has a market cap of $327.39 million, a P/E ratio of 25.46, a P/E/G ratio of 1.25 and a beta of 0.64.

Several research analysts have commented on UTI shares. StockNews.com started coverage on Universal Technical Institute in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company. B. Riley lifted their price target on Universal Technical Institute from $11.00 to $14.00 in a research report on Wednesday, April 20th. Finally, Zacks Investment Research downgraded Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 7th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $10.45.

A number of large investors have recently added to or reduced their stakes in UTI. JPMorgan Chase & Co. lifted its position in Universal Technical Institute by 23,086.8% in the 4th quarter. JPMorgan Chase & Co. now owns 8,811 shares of the company’s stock worth $69,000 after buying an additional 8,773 shares during the last quarter. Citadel Advisors LLC lifted its position in Universal Technical Institute by 106.6% in the 3rd quarter. Citadel Advisors LLC now owns 25,412 shares of the company’s stock worth $171,000 after buying an additional 13,112 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Universal Technical Institute in the 4th quarter worth approximately $178,000. Morgan Stanley increased its stake in Universal Technical Institute by 31.8% in the 1st quarter. Morgan Stanley now owns 39,954 shares of the company’s stock worth $233,000 after purchasing an additional 9,637 shares during the period. Finally, Invesco Ltd. increased its stake in Universal Technical Institute by 3.6% in the 3rd quarter. Invesco Ltd. now owns 41,868 shares of the company’s stock worth $283,000 after purchasing an additional 1,468 shares during the period. Institutional investors own 69.23% of the company’s stock.

About Universal Technical Institute (Get Rating)

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.

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