Universal Technical Institute, Inc. to Post Q4 2022 Earnings of $0.19 Per Share, B. Riley Forecasts (NYSE:UTI)

Universal Technical Institute, Inc. (NYSE:UTIGet Rating) – Equities research analysts at B. Riley cut their Q4 2022 EPS estimates for Universal Technical Institute in a note issued to investors on Thursday, May 5th. B. Riley analyst R. Sharma now anticipates that the company will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.28. B. Riley also issued estimates for Universal Technical Institute’s Q1 2023 earnings at $0.55 EPS, Q2 2023 earnings at $0.26 EPS, Q3 2023 earnings at $0.09 EPS and Q4 2023 earnings at $0.58 EPS.

Other equities research analysts also recently issued research reports about the company. Barrington Research boosted their price objective on Universal Technical Institute from $10.00 to $14.00 and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research lowered Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 7th. Finally, StockNews.com lowered Universal Technical Institute from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $11.25.

Shares of Universal Technical Institute stock opened at $8.86 on Monday. The company has a market capitalization of $292.11 million, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.19 and a beta of 0.48. The company has a current ratio of 0.92, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. Universal Technical Institute has a twelve month low of $5.34 and a twelve month high of $11.45. The business has a fifty day simple moving average of $9.15.

Universal Technical Institute (NYSE:UTIGet Rating) last issued 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 net margin of 9.58% and a return on equity of 31.96%. The company had revenue of $105.08 million for the quarter, compared to analysts’ expectations of $96.50 million.

Several hedge funds have recently added to or reduced their stakes in UTI. Denali Advisors LLC purchased a new position in Universal Technical Institute in the fourth quarter valued at approximately $31,000. Advisor Group Holdings Inc. lifted its stake in Universal Technical Institute by 41.6% in the third quarter. Advisor Group Holdings Inc. now owns 5,041 shares of the company’s stock valued at $34,000 after purchasing an additional 1,481 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in Universal Technical Institute by 108.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 8,703 shares of the company’s stock valued at $68,000 after purchasing an additional 4,533 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Universal Technical Institute by 23,086.8% in the fourth quarter. JPMorgan Chase & Co. now owns 8,811 shares of the company’s stock valued at $69,000 after purchasing an additional 8,773 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in Universal Technical Institute in the third quarter valued at approximately $70,000. 70.66% of the stock is owned by institutional investors.

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

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