Universal Technical Institute (UTI) to Release Earnings on Wednesday

Universal Technical Institute (NYSE:UTI) is set to issue its quarterly earnings data after the market closes on Wednesday, November 20th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Universal Technical Institute Stock Up 0.4 %

UTI stock opened at $19.68 on Tuesday. Universal Technical Institute has a 52 week low of $10.46 and a 52 week high of $20.73. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. The firm has a 50-day simple moving average of $16.91 and a 200-day simple moving average of $16.51. The stock has a market capitalization of $1.06 billion, a P/E ratio of 39.36, a P/E/G ratio of 1.43 and a beta of 1.34.

Insiders Place Their Bets

In other news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the sale, the chief executive officer now owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. The trade was a 33.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 27.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UTI shares. Barrington Research reiterated an “outperform” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research note on Friday. Northland Securities increased their price objective on 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 raised their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial began coverage on shares of Universal Technical Institute in a report on Thursday, July 25th. They set a “buy” rating and a $22.00 target price for the company. Finally, StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $22.20.

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.