Universal Technical Institute (UTI) Expected to Announce Earnings on Wednesday

Universal Technical Institute (NYSE:UTI) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $193.75 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $27.37 on Tuesday. Universal Technical Institute has a one year low of $13.23 and a one year high of $28.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $1.49 billion, a PE ratio of 36.99, a P/E/G ratio of 1.90 and a beta of 1.45. The company has a 50-day simple moving average of $25.95 and a two-hundred day simple moving average of $20.48.

Insider Transactions at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the transaction, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 15.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Northland Securities upped their target price on Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Lake Street Capital upped their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Truist Financial upped their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barrington Research upped their price objective on Universal Technical Institute from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, Rosenblatt Securities upped their target price on Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $27.17.

About Universal Technical Institute

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.