Analysts Offer Predictions for Universal Technical Institute, Inc.’s Q1 2024 Earnings (NYSE:UTI)

Universal Technical Institute, Inc. (NYSE:UTI) – Equities researchers at Barrington Research issued their Q1 2024 earnings estimates for shares of Universal Technical Institute in a report issued on Thursday, November 16th. Barrington Research analyst A. Paris anticipates that the company will post earnings of $0.04 per share for the quarter. Barrington Research has a “Outperform” rating and a $15.00 price objective on the stock. The consensus estimate for Universal Technical Institute’s current full-year earnings is $0.75 per share. Barrington Research also issued estimates for Universal Technical Institute’s Q2 2024 earnings at $0.12 EPS, Q3 2024 earnings at $0.14 EPS, Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $0.55 EPS and FY2025 earnings at $0.70 EPS.

UTI has been the topic of a number of other research reports. B. Riley upped 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. Lake Street Capital lifted their price target on Universal Technical Institute from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “strong-buy” rating in a research report on Friday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $11.00 target price on shares of Universal Technical Institute in a report on Monday, November 13th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Universal Technical Institute has an average rating of “Buy” and a consensus price target of $12.75.

Universal Technical Institute Stock Up 1.7 %

Shares of UTI opened at $11.44 on Friday. The business’s 50 day simple moving average is $8.76 and its 200-day simple moving average is $7.65. Universal Technical Institute has a 1 year low of $5.57 and a 1 year high of $11.47. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $389.76 million, a price-to-earnings ratio of 104.01, a price-to-earnings-growth ratio of 0.86 and a beta of 0.90.

Insider Buying and Selling

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 7,599 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $8.52, for a total value of $64,743.48. Following the completion of the sale, the director now directly owns 21,930 shares of the company’s stock, valued at approximately $186,843.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds have recently modified their holdings of UTI. Weil Company Inc. boosted its holdings in Universal Technical Institute by 9.7% in the second quarter. Weil Company Inc. now owns 84,768 shares of the company’s stock worth $586,000 after acquiring an additional 7,500 shares in the last quarter. Pembroke Management LTD boosted its holdings in Universal Technical Institute by 116.5% in the 1st quarter. Pembroke Management LTD now owns 60,548 shares of the company’s stock valued at $447,000 after purchasing an additional 32,576 shares during the last quarter. EA Series Trust purchased a new stake in shares of Universal Technical Institute during the 2nd quarter valued at approximately $1,008,000. Strs Ohio increased its stake in Universal Technical Institute by 8.7% during the second quarter. Strs Ohio now owns 21,300 shares of the company’s stock worth $147,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Oak Family Advisors LLC raised its position in Universal Technical Institute by 2.3% in the second quarter. Oak Family Advisors LLC now owns 64,978 shares of the company’s stock valued at $449,000 after purchasing an additional 1,436 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation and technical training programs in the United States. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.