Universal Technical Institute (NYSE:UTI) issued its earnings results on Thursday, February 8th. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.10, reports. The firm had revenue of $81.16 million for the quarter. Universal Technical Institute had a negative return on equity of 7.58% and a negative net margin of 2.35%.
Universal Technical Institute (UTI) traded up $0.05 during trading on Friday, reaching $2.64. The company’s stock had a trading volume of 28,429 shares, compared to its average volume of 26,777. Universal Technical Institute has a 1-year low of $2.21 and a 1-year high of $3.87. The stock has a market cap of $65.03, a price-to-earnings ratio of -5.20 and a beta of 3.50. The company has a current ratio of 1.69, a quick ratio of 1.70 and a debt-to-equity ratio of 0.26.
A number of equities research analysts recently commented on UTI shares. Piper Jaffray Companies reiterated a “hold” rating on shares of Universal Technical Institute in a research report on Friday, December 1st. Zacks Investment Research lowered Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, ValuEngine lowered Universal Technical Institute from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st.
An institutional investor recently raised its position in Universal Technical Institute stock. Northern Trust Corp increased its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,052 shares of the company’s stock after buying an additional 1,330 shares during the period. Northern Trust Corp owned about 0.21% of Universal Technical Institute worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 56.69% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/16/universal-technical-institute-uti-announces-earnings-results.html.
Universal Technical Institute Company Profile
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 full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute (NASCAR Tech).
Receive News & Ratings for Universal Technical Institute Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Technical Institute and related companies with MarketBeat.com's FREE daily email newsletter.