Analysts forecast that Universal Technical Institute, Inc. (NYSE:UTI) will post earnings of ($0.19) per share for the current quarter, Zacks reports. Zero analysts have made estimates for Universal Technical Institute’s earnings. Universal Technical Institute reported earnings per share of ($0.12) during the same quarter last year, which suggests a negative year over year growth rate of 58.3%. The business is scheduled to report its next earnings report on Thursday, May 3rd.
On average, analysts expect that Universal Technical Institute will report full year earnings of ($0.79) per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of ($0.45) per share, with EPS estimates ranging from ($0.51) to ($0.38). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Universal Technical Institute.
Universal Technical Institute (NYSE:UTI) last released its earnings results on Thursday, February 8th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Universal Technical Institute had a negative return on equity of 7.58% and a negative net margin of 2.35%. The business had revenue of $81.16 million for the quarter.
Several research firms recently weighed in on UTI. ValuEngine upgraded Universal Technical Institute from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 27th. Zacks Investment Research upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Monday, February 5th.
NYSE:UTI opened at $2.99 on Friday. Universal Technical Institute has a twelve month low of $2.21 and a twelve month high of $3.87. The firm has a market cap of $74.78, a PE ratio of -5.86 and a beta of 3.17. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.26.
Hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its holdings in shares of Universal Technical Institute by 2.6% in the second quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock valued at $186,000 after acquiring an additional 1,330 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Universal Technical Institute in the third quarter valued at about $289,000. Vanguard Group Inc. raised its holdings in shares of Universal Technical Institute by 1.0% in the second quarter. Vanguard Group Inc. now owns 402,318 shares of the company’s stock valued at $1,437,000 after acquiring an additional 3,800 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Universal Technical Institute by 52.5% in the third quarter. Alyeska Investment Group L.P. now owns 575,653 shares of the company’s stock valued at $1,998,000 after acquiring an additional 198,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Universal Technical Institute by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 842,373 shares of the company’s stock valued at $2,923,000 after acquiring an additional 28,802 shares in the last quarter. Hedge funds and other institutional investors own 62.67% of the company’s stock.
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Universal Technical Institute Company Profile
Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians in the United States. The company offers undergraduate degree and diploma programs, and specialized technical education programs through its 12 campuses under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.
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