Universal Technical Institute (UTI) Projected to Post Earnings on Wednesday

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

Universal Technical Institute Stock Performance

Shares of UTI 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’s 50-day moving average is $25.95 and its 200 day moving average is $20.48. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 1.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UTI. Rosenblatt Securities raised their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barrington Research raised their price objective on shares of Universal Technical Institute from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. B. Riley raised their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Lake Street Capital raised their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Northland Securities lifted their price objective on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $27.17.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction on Wednesday, November 27th. The shares were 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 of the company’s stock, valued at $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.10% of the stock is currently 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.