Universal Technical Institute (UTI) Scheduled to Post Earnings on Wednesday

Universal Technical Institute (NYSE:UTI) will be releasing its earnings data after the market closes on Wednesday, November 20th. Analysts expect Universal Technical Institute to post earnings of $0.30 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $19.61 on Monday. The firm has a market cap of $1.06 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. Universal Technical Institute has a 52 week low of $9.98 and a 52 week high of $20.73. The business’s fifty day simple moving average is $16.85 and its 200-day simple moving average is $16.48.

Wall Street Analyst Weigh In

A number of research analysts have commented on UTI shares. B. Riley upped their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Northland Securities lifted their target price on shares of Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barrington Research reissued an “outperform” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research report on Friday. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday, September 11th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $22.20.

Insiders Place Their Bets

In related 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 value of $1,192,040.00. Following the completion of the transaction, the chief executive officer now owns 136,443 shares in the company, valued at $2,391,845.79. The trade was a 33.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 27.60% of the company’s stock.

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.