Wall Street analysts expect Universal Technical Institute Inc (NYSE:UTI) to announce earnings per share of $0.03 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Universal Technical Institute’s earnings. Universal Technical Institute reported earnings per share of ($0.13) in the same quarter last year, which would suggest a positive year over year growth rate of 123.1%. The company is expected to announce its next earnings results after the market closes on Tuesday, December 5th.
According to Zacks, analysts expect that Universal Technical Institute will report full-year earnings of ($0.39) per share for the current fiscal year, with EPS estimates ranging from ($0.51) to ($0.26). For the next fiscal year, analysts forecast that the business will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.09) to ($0.01). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Universal Technical Institute.
UTI has been the subject of several research reports. Piper Jaffray Companies reiterated a “hold” rating and set a $6.00 price target on shares of Universal Technical Institute in a report on Tuesday, October 17th. ValuEngine lowered Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Zacks Investment Research lowered Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd.
Shares of Universal Technical Institute (UTI) traded down $0.09 during trading on Monday, hitting $3.50. The stock had a trading volume of 7,847 shares, compared to its average volume of 46,113. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.92 and a quick ratio of 1.92. Universal Technical Institute has a fifty-two week low of $2.32 and a fifty-two week high of $5.38.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC acquired a new stake in Universal Technical Institute in the 2nd quarter worth approximately $426,000. Renaissance Technologies LLC lifted its holdings in Universal Technical Institute by 5.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,152,600 shares of the company’s stock worth $3,976,000 after purchasing an additional 61,600 shares during the last quarter. Spark Investment Management LLC acquired a new stake in Universal Technical Institute in the 2nd quarter worth approximately $107,000. Skylands Capital LLC lifted its holdings in Universal Technical Institute by 44.3% in the 3rd quarter. Skylands Capital LLC now owns 108,000 shares of the company’s stock worth $375,000 after purchasing an additional 33,150 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in Universal Technical Institute by 6.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 293,000 shares of the company’s stock worth $1,046,000 after purchasing an additional 17,000 shares during the last quarter. Hedge funds and other institutional investors own 58.36% of the company’s stock.
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About Universal Technical Institute
Universal Technical Institute, Inc is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute (NASCAR Tech).
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