Zacks: Analysts Expect Universal Technical Institute, Inc. (NYSE:UTI) to Post -$0.04 EPS

Wall Street brokerages expect Universal Technical Institute, Inc. (NYSE:UTIGet Rating) to post earnings of ($0.04) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Universal Technical Institute’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at $0.03. Universal Technical Institute reported earnings of $0.04 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 200%. The firm is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Universal Technical Institute will report full year earnings of $0.35 per share for the current year. For the next financial year, analysts anticipate that the business will report earnings of $0.95 per share, with EPS estimates ranging from $0.42 to $1.47. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Universal Technical Institute.

Universal Technical Institute (NYSE:UTIGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.13. The firm had revenue of $102.09 million for the quarter, compared to the consensus estimate of $97.20 million. Universal Technical Institute had a net margin of 9.58% and a return on equity of 31.96%.

UTI has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Zacks Investment Research cut shares of Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 7th. Barrington Research increased their price objective on shares of Universal Technical Institute from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. Finally, B. Riley raised their target price on shares of Universal Technical Institute from $11.00 to $14.00 in a research note on Wednesday, April 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Universal Technical Institute has an average rating of “Buy” and an average price target of $11.25.

Shares of UTI stock traded down $0.03 during midday trading on Wednesday, reaching $8.87. 131,161 shares of the company were exchanged, compared to its average volume of 208,358. Universal Technical Institute has a 12 month low of $5.34 and a 12 month high of $11.45. The company has a market cap of $293.08 million, a P/E ratio of 15.03, a PEG ratio of 1.58 and a beta of 0.49. The company’s 50 day moving average price is $9.19 and its two-hundred day moving average price is $8.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92.

In other news, CEO Jerome Alan Grant sold 20,000 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $9.08, for a total transaction of $181,600.00. Following the completion of the transaction, the chief executive officer now owns 87,152 shares in the company, valued at approximately $791,340.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of UTI. Mirabella Financial Services LLP purchased a new stake in shares of Universal Technical Institute in the 1st quarter valued at about $169,000. Jane Street Group LLC bought a new stake in shares of Universal Technical Institute in the 1st quarter worth approximately $673,000. Royal Bank of Canada bought a new stake in shares of Universal Technical Institute in the 1st quarter worth approximately $90,000. Goldman Sachs Group Inc. grew its position in shares of Universal Technical Institute by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 538,538 shares of the company’s stock worth $4,766,000 after buying an additional 18,136 shares during the last quarter. Finally, State Street Corp grew its position in shares of Universal Technical Institute by 9.8% in the 1st quarter. State Street Corp now owns 113,554 shares of the company’s stock worth $1,005,000 after buying an additional 10,156 shares during the last quarter. Institutional investors and hedge funds own 70.66% 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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Earnings History and Estimates for Universal Technical Institute (NYSE:UTI)

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