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

Universal Technical Institute (NYSE:UTI) will be issuing its quarterly earnings data after the market closes on Wednesday, November 20th. Analysts expect Universal Technical Institute to post earnings of $0.30 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Universal Technical Institute Stock Down 2.3 %

Shares of Universal Technical Institute stock opened at $20.14 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. Universal Technical Institute has a 1-year low of $9.36 and a 1-year high of $20.73. The business’s fifty day moving average price is $16.65 and its two-hundred day moving average price is $16.39. The company has a market capitalization of $1.08 billion, a P/E ratio of 40.28, a PEG ratio of 1.48 and a beta of 1.34.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Northland Securities lifted their price objective on shares of Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. B. Riley upped their price target 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. Barrington Research reiterated an “outperform” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday, August 7th. Truist Financial assumed coverage on Universal Technical Institute in a report on Thursday, July 25th. They set a “buy” rating and a $22.00 target price on the stock. Finally, StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $22.20.

Insider Buying and Selling

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of the company’s stock in a transaction 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 owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.60% of the stock is currently owned by insiders.

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.