Universal Technical Institute (NYSE:UTI) Releases FY 2024 Earnings Guidance

Universal Technical Institute (NYSE:UTI) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.680-0.730 for the period, compared to the consensus earnings per share estimate of 0.700. The company issued revenue guidance of $720.0 million-$730.0 million, compared to the consensus revenue estimate of $724.6 million. Universal Technical Institute also updated its FY 2025 guidance to EPS.

Analysts Set New Price Targets

UTI has been the topic of several recent analyst reports. Barrington Research reissued an outperform rating and set a $22.00 target price on shares of Universal Technical Institute in a report on Wednesday. Truist Financial initiated coverage on shares of Universal Technical Institute in a research report on Thursday, July 25th. They set a buy rating and a $22.00 price objective for the company. StockNews.com raised shares of Universal Technical Institute from a hold rating to a buy rating in a research note on Wednesday. B. Riley reaffirmed a buy rating and set a $22.00 price objective (up previously from $20.00) on shares of Universal Technical Institute in a research report on Thursday, May 30th. Finally, Northland Securities raised their price objective on shares of Universal Technical Institute from $18.00 to $20.00 and gave the stock an outperform rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $19.83.

Universal Technical Institute Stock Performance

UTI traded down $0.11 on Friday, reaching $17.07. The company had a trading volume of 134,002 shares, compared to its average volume of 608,780. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $918.37 million, a P/E ratio of 47.70, a P/E/G ratio of 1.64 and a beta of 1.26. Universal Technical Institute has a fifty-two week low of $7.70 and a fifty-two week high of $19.79. The company’s fifty day moving average is $16.32 and its 200 day moving average is $15.48.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Universal Technical Institute had a net margin of 3.82% and a return on equity of 13.19%. The company had revenue of $177.46 million during the quarter, compared to the consensus estimate of $172.33 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. As a group, analysts predict that Universal Technical Institute will post 0.71 earnings per share for the current fiscal year.

Insider Activity at Universal Technical Institute

In related news, Director Loretta Lydia Sanchez sold 6,288 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $15.22, for a total value of $95,703.36. Following the completion of the transaction, the director now owns 13,712 shares of the company’s stock, valued at approximately $208,696.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 27.60% of the stock is owned by insiders.

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.