Universal Technical Institute Plans Quarterly Dividend of $0.10 (UTI)

Universal Technical Institute (NYSE:UTI) announced a quarterly dividend on Tuesday, June 11th, AnalystRatingsNetwork.com reports. Stockholders of record on Friday, June 21st will be paid a dividend of $0.10 per share on Friday, June 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.47%.

A number of analysts have recently weighed in on UTI shares. Analysts at Zacks reiterated a “neutral” rating on shares of Universal Technical Institute in a research note to investors on Friday, May 3rd. They now have a $11.00 price target on the stock. On the ratings front, analysts at Thomson Reuters/Verus upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, April 30th. Finally, analysts at Argus downgraded shares of Universal Technical Institute from a “buy” rating to a “sell” rating in a research note to investors on Tuesday, April 2nd.

Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Universal Technical Institute has an average rating of “Hold” and an average target price of $9.50.

Shares of Universal Technical Institute (NYSE: UTI) opened at 11.54 on Wednesday. Universal Technical Institute has a one year low of $8.00 and a one year high of $14.08. The stock’s 50-day moving average is currently $11.63. The company has a market cap of $281.7 million and a P/E ratio of 54.69.

Universal Technical Institute (NYSE: UTI) last announced its earnings results on Tuesday, April 30th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.08. The company had revenue of $95.10 million for the quarter, compared to the consensus estimate of $95.68 million. During the same quarter last year, the company posted $0.08 earnings per share. Universal Technical Institute’s revenue was down 10.5% compared to the same quarter last year. Analysts expect that Universal Technical Institute will post $0.18 EPS for the current fiscal year.

Universal Technical Institute, Inc. is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate enrollment and graduates.