Wall Street brokerages predict that Universal Technical Institute, Inc. (NYSE:UTI) will announce sales of $77.85 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Universal Technical Institute’s earnings. The lowest sales estimate is $77.70 million and the highest is $78.00 million. Universal Technical Institute posted sales of $82.72 million during the same quarter last year, which suggests a negative year-over-year growth rate of 5.9%. The company is expected to report its next quarterly earnings report on Thursday, May 6th.
On average, analysts expect that Universal Technical Institute will report full year sales of $333.22 million for the current financial year, with estimates ranging from $331.13 million to $335.30 million. For the next financial year, analysts forecast that the company will report sales of $382.60 million, with estimates ranging from $360.00 million to $405.20 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Universal Technical Institute.
Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Thursday, February 4th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). The firm had revenue of $76.13 million for the quarter, compared to the consensus estimate of $82.75 million. Universal Technical Institute had a negative return on equity of 1.66% and a net margin of 2.66%.
Several brokerages have commented on UTI. Canaccord Genuity restated a “buy” rating and issued a $11.00 target price on shares of Universal Technical Institute in a research note on Wednesday, March 31st. Zacks Investment Research upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Friday, February 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $9.45.
Shares of UTI stock traded down $0.07 on Monday, hitting $6.02. 743 shares of the stock were exchanged, compared to its average volume of 168,362. Universal Technical Institute has a one year low of $4.47 and a one year high of $8.31. The firm’s 50 day moving average is $6.07 and its two-hundred day moving average is $5.94. The firm has a market capitalization of $197.09 million, a PE ratio of -55.36, a P/E/G ratio of 1.37 and a beta of 1.15.
Several hedge funds and other institutional investors have recently made changes to their positions in UTI. Citigroup Inc. raised its holdings in shares of Universal Technical Institute by 222.1% during the 4th quarter. Citigroup Inc. now owns 5,640 shares of the company’s stock valued at $36,000 after buying an additional 3,889 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Universal Technical Institute by 9.9% during the 4th quarter. Rhumbline Advisers now owns 26,060 shares of the company’s stock valued at $168,000 after buying an additional 2,347 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Universal Technical Institute by 204.7% during the 4th quarter. JPMorgan Chase & Co. now owns 32,776 shares of the company’s stock valued at $212,000 after buying an additional 22,019 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Universal Technical Institute by 5.0% during the 3rd quarter. California Public Employees Retirement System now owns 61,300 shares of the company’s stock valued at $311,000 after buying an additional 2,900 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its holdings in shares of Universal Technical Institute by 44.5% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 61,175 shares of the company’s stock valued at $395,000 after buying an additional 18,851 shares in the last quarter. 68.77% of the stock is currently owned by institutional investors.
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. It offers certificate, diploma, or degree programs; and specialized technical education programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.
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