UL Solutions (ULS) Expected to Announce Earnings on Thursday

UL Solutions (NYSE:ULS) is expected to issue its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

UL Solutions (NYSE:ULS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million. On average, analysts expect UL Solutions to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

UL Solutions Trading Up 1.3 %

ULS opened at $52.52 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The company’s 50 day simple moving average is $52.73 and its two-hundred day simple moving average is $52.06. UL Solutions has a 1-year low of $33.15 and a 1-year high of $59.23. The firm has a market capitalization of $10.51 billion and a price-to-earnings ratio of 32.42.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 28th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.99%. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, February 28th. UL Solutions’s dividend payout ratio (DPR) is 32.10%.

Insider Activity at UL Solutions

In related news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the sale, the insider now owns 69,191 shares in the company, valued at approximately $3,638,062.78. This trade represents a 7.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ULS. UBS Group raised their target price on shares of UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their target price on shares of UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Citigroup raised their target price on shares of UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Robert W. Baird raised their price target on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, UL Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $51.45.

UL Solutions Company Profile

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.