Northland Capmk Equities Analysts Boost Earnings Estimates for Universal Technical Institute, Inc. (NYSE:UTI)

Universal Technical Institute, Inc. (NYSE:UTI) – Analysts at Northland Capmk upped their FY2024 earnings estimates for shares of Universal Technical Institute in a report issued on Thursday, May 9th. Northland Capmk analyst M. Grondahl now expects that the company will post earnings per share of $0.70 for the year, up from their previous forecast of $0.69. The consensus estimate for Universal Technical Institute’s current full-year earnings is $0.70 per share. Northland Capmk also issued estimates for Universal Technical Institute’s Q1 2025 earnings at $0.24 EPS and FY2025 earnings at $0.84 EPS.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.11. Universal Technical Institute had a net margin of 2.41% and a return on equity of 9.25%. The firm had revenue of $174.70 million for the quarter, compared to analyst estimates of $168.19 million.

Several other research analysts have also issued reports on UTI. Rosenblatt Securities reiterated a “buy” rating and set a $18.00 price objective on shares of Universal Technical Institute in a research note on Monday, April 29th. StockNews.com downgraded Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. TheStreet upgraded Universal Technical Institute from a “c+” rating to a “b” rating in a research report on Thursday, February 1st. Finally, Barrington Research lifted their price objective on Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Universal Technical Institute presently has an average rating of “Moderate Buy” and an average target price of $15.80.

Universal Technical Institute Trading Down 9.0 %

Shares of UTI opened at $15.18 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72. The stock has a market cap of $517.33 million, a PE ratio of 58.38, a PEG ratio of 1.48 and a beta of 1.22. Universal Technical Institute has a 1 year low of $5.63 and a 1 year high of $17.09. The stock has a 50 day simple moving average of $15.06 and a 200-day simple moving average of $13.31.

Hedge Funds Weigh In On Universal Technical Institute

Several large investors have recently bought and sold shares of UTI. Brandywine Global Investment Management LLC raised its position in shares of Universal Technical Institute by 8.3% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 15,540 shares of the company’s stock valued at $130,000 after acquiring an additional 1,190 shares during the last quarter. Kennedy Capital Management LLC boosted its position in shares of Universal Technical Institute by 2.4% during the third quarter. Kennedy Capital Management LLC now owns 74,516 shares of the company’s stock worth $624,000 after purchasing an additional 1,751 shares in the last quarter. New York State Common Retirement Fund grew its stake in Universal Technical Institute by 28.0% in the fourth quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock valued at $131,000 after acquiring an additional 2,296 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Universal Technical Institute by 1,152.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after purchasing an additional 2,880 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Universal Technical Institute by 28.8% in the 4th quarter. SG Americas Securities LLC now owns 15,929 shares of the company’s stock valued at $199,000 after purchasing an additional 3,557 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Universal Technical Institute

In related news, Director Loretta Lydia Sanchez sold 8,719 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $15.07, for a total value of $131,395.33. Following the transaction, the director now owns 20,000 shares in the company, valued at $301,400. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 27.60% of the stock is currently owned by corporate insiders.

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.