Universal Technical Institute, Inc. (NYSE:UTI) Expected to Post Earnings of -$0.04 Per Share

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Brokerages expect Universal Technical Institute, Inc. (NYSE:UTIGet Rating) to announce earnings per share (EPS) of ($0.04) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Universal Technical Institute’s earnings. The lowest EPS estimate is ($0.11) and the highest is $0.03. Universal Technical Institute posted earnings per share of $0.04 in the same quarter last year, which would suggest a negative year-over-year growth rate of 200%. The company is scheduled to announce its next quarterly earnings report 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 financial year. For the next year, analysts forecast that the firm will post earnings of $0.95 per share, with EPS estimates ranging from $0.42 to $1.47. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow 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 for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.13. The company had revenue of $102.09 million for the quarter, compared to analysts’ expectations of $97.20 million. Universal Technical Institute had a return on equity of 31.96% and a net margin of 9.58%.

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

A number of institutional investors have recently bought and sold shares of the business. Mirabella Financial Services LLP acquired a new position in Universal Technical Institute in the first quarter worth approximately $169,000. Jane Street Group LLC purchased a new position in Universal Technical Institute during the 1st quarter worth approximately $673,000. Royal Bank of Canada purchased a new position in Universal Technical Institute during the 1st quarter worth approximately $90,000. Goldman Sachs Group Inc. grew its position in Universal Technical Institute by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 538,538 shares of the company’s stock worth $4,766,000 after purchasing an additional 18,136 shares in the last quarter. Finally, State Street Corp grew its position in Universal Technical Institute by 9.8% during the 1st quarter. State Street Corp now owns 113,554 shares of the company’s stock worth $1,005,000 after purchasing an additional 10,156 shares in the last quarter. Hedge funds and other institutional investors own 70.66% of the company’s stock.

Shares of NYSE:UTI opened at $8.32 on Thursday. Universal Technical Institute has a 12 month low of $5.34 and a 12 month high of $11.45. The stock has a market cap of $274.91 million, a price-to-earnings ratio of 14.10, a PEG ratio of 1.58 and a beta of 0.48. The stock’s 50 day moving average price is $9.13 and its 200 day moving average price is $8.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92.

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.

Further Reading

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

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