Universal Technical Institute (UTI) Set to Announce Quarterly Earnings on Wednesday

Universal Technical Institute (NYSE:UTI) is scheduled to announce its earnings results after the market closes on Wednesday, November 20th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Universal Technical Institute Stock Down 2.3 %

UTI stock opened at $20.14 on Wednesday. The company’s 50 day simple moving average is $16.65 and its 200-day simple moving average is $16.39. Universal Technical Institute has a 52-week low of $9.36 and a 52-week high of $20.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $1.08 billion, a P/E ratio of 40.28, a P/E/G ratio of 1.48 and a beta of 1.34.

Insider Transactions at Universal Technical Institute

In related news, CEO Jerome Alan Grant sold 68,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total value of $1,192,040.00. Following the transaction, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 27.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

UTI has been the topic of a number of research analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, September 11th. Northland Securities upped their target price on Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barrington Research restated an “outperform” rating and set a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, August 7th. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, B. Riley lifted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $22.20.

Universal Technical Institute Company Profile

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.