FY2024 EPS Estimates for Universal Technical Institute, Inc. (NYSE:UTI) Reduced by B. Riley

Universal Technical Institute, Inc. (NYSE:UTIFree Report) – Analysts at B. Riley decreased their FY2024 earnings estimates for shares of Universal Technical Institute in a research note issued on Thursday, May 30th. B. Riley analyst R. Sharma now forecasts that the company will post earnings of $0.72 per share for the year, down from their previous forecast of $0.73. B. Riley currently has a “Buy” rating and a $22.00 price target on the stock. The consensus estimate for Universal Technical Institute’s current full-year earnings is $0.71 per share.

Other analysts also recently issued reports about the stock. Barrington Research reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Universal Technical Institute in a report on Tuesday, May 28th. StockNews.com downgraded shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $18.00 price objective on shares of Universal Technical Institute in a report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.40.

View Our Latest Stock Analysis on UTI

Universal Technical Institute Stock Down 1.5 %

UTI stock opened at $15.81 on Monday. The firm’s fifty day simple moving average is $15.18 and its 200-day simple moving average is $14.07. The company has a market capitalization of $850.58 million, a P/E ratio of 43.92, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02. Universal Technical Institute has a 12 month low of $6.20 and a 12 month high of $17.09.

Universal Technical Institute (NYSE:UTIGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Universal Technical Institute had a net margin of 2.97% and a return on equity of 10.55%. The company had revenue of $184.18 million for the quarter, compared to analyst estimates of $177.01 million.

Insider Buying and Selling

In related news, Director Loretta Lydia Sanchez sold 8,719 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $15.07, for a total transaction of $131,395.33. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at $301,400. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 27.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

A number of institutional investors have recently made changes to their positions in the stock. Brandywine Global Investment Management LLC increased its position in shares of Universal Technical Institute by 8.3% during the third quarter. Brandywine Global Investment Management LLC now owns 15,540 shares of the company’s stock valued at $130,000 after acquiring an additional 1,190 shares during the last quarter. Kennedy Capital Management LLC increased its position in shares of Universal Technical Institute by 2.4% during the third quarter. Kennedy Capital Management LLC now owns 74,516 shares of the company’s stock valued at $624,000 after acquiring an additional 1,751 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Universal Technical Institute by 28.0% in the fourth quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock valued at $131,000 after purchasing an additional 2,296 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Universal Technical Institute by 1,152.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after purchasing an additional 2,880 shares during the period. Finally, American International Group Inc. boosted its stake in shares of Universal Technical Institute by 19.6% in the first quarter. American International Group Inc. now owns 19,494 shares of the company’s stock valued at $311,000 after purchasing an additional 3,194 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Company Profile

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Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.

Further Reading

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

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