Universal Technical Institute, Inc. (NYSE:UTI) Expected to Post Q3 2022 Earnings of ($0.11) Per Share

Universal Technical Institute, Inc. (NYSE:UTI – Get Rating) – Stock analysts at Barrington Research lowered their Q3 2022 earnings estimates for Universal Technical Institute in a report issued on Thursday, May 5th. Barrington Research analyst A. Paris now anticipates that the company will earn ($0.11) per share for the quarter, down from their prior forecast of ($0.03). Barrington Research currently has a “Buy” rating and a $14.00 price objective on the stock. Barrington Research also issued estimates for Universal Technical Institute’s Q4 2022 earnings at $0.10 EPS, FY2022 earnings at $0.37 EPS and FY2023 earnings at $0.42 EPS.

Universal Technical Institute (NYSE:UTI – Get Rating) last announced its quarterly earnings results on Thursday, February 3rd. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.26. Universal Technical Institute had a return on equity of 31.96% and a net margin of 9.58%. The company had revenue of $105.08 million during the quarter, compared to analyst estimates of $96.50 million.

UTI has been the topic of a number of other reports. B. Riley upped their price objective on Universal Technical Institute from $11.00 to $14.00 in a research report on Wednesday, April 20th. StockNews.com downgraded Universal Technical Institute from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 4th. Finally, Zacks Investment Research downgraded Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $11.25.

Shares of UTI stock opened at $8.86 on Monday. Universal Technical Institute has a 1 year low of $5.34 and a 1 year high of $11.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 0.92. The company’s 50 day moving average is $9.15. The stock has a market capitalization of $292.11 million, a P/E ratio of 15.02, a PEG ratio of 1.19 and a beta of 0.48.

A number of hedge funds and other institutional investors have recently made changes to their positions in UTI. Invesco Ltd. boosted its position in shares of 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 in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Universal Technical Institute by 41.6% in the 3rd quarter. Advisor Group Holdings Inc. now owns 5,041 shares of the company’s stock worth $34,000 after purchasing an additional 1,481 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Universal Technical Institute by 18.9% in the 4th quarter. American Century Companies Inc. now owns 12,385 shares of the company’s stock worth $97,000 after purchasing an additional 1,969 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Universal Technical Institute by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 257,437 shares of the company’s stock worth $1,740,000 after purchasing an additional 2,877 shares in the last quarter. Finally, Denali Advisors LLC acquired a new stake in shares of Universal Technical Institute in the 4th quarter worth $31,000. 70.66% of the stock is currently owned by institutional investors and hedge funds.

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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