UL Solutions (NYSE:ULS) Releases Earnings Results

UL Solutions (NYSE:ULS) issued its earnings results on Thursday. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.11, Zacks reports. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%.

UL Solutions Price Performance

NYSE:ULS traded down $1.42 during trading hours on Thursday, reaching $54.16. 129,705 shares of the stock were exchanged, compared to its average volume of 471,698. UL Solutions has a 52 week low of $33.15 and a 52 week high of $59.23. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The firm has a 50 day simple moving average of $52.29 and a 200-day simple moving average of $51.89.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 0.96%. This is a boost from UL Solutions’s previous quarterly dividend of $0.13.

Insider Activity

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction on Monday, December 9th. The shares were sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the transaction, the insider now owns 69,191 shares of the company’s stock, valued at $3,638,062.78. The trade was a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. The Goldman Sachs Group upped their price target on UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their price objective on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. UBS Group upped their price objective on shares of UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their target price on UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.00.

UL Solutions Company Profile

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.